eppraisal.com National Real Estate Market Analysis Report

July 2nd, 2009 by Allison Jordan

Today eppraisal.com released its National Real Estate Market Analysis report for 186 markets across the continental U.S. This report, which tracks median sales price of residential homes, compares data on homes sold in the last three months ending May 2009 with homes sold in the previous three months beginning on December 2008 and ending February 2009.

For the first time this year, more than half of the markets tracked by eppraisal.com saw an increase in the median home value. Of the 97 markets that saw positive gains, more than 25 percent of those markets saw a double-digit increase in the median home value. For example, in the Ohio markets of Columbus, Sandusky, Lima, and Cleveland-Elyria, all saw double-digit increases of 12.7 percent, 23.1 percent, 26.7 percent, and 29.9 percent respectively. Overall, increases were seen across most states. Ithaca, NY, saw an increase of 16.9 percent to a median home value of $159,000, Fairbanks, AK, increased by 9.3 percent to a median home value of $225,506, and Boston-Quincy, Mass., areas increased by 7.1 persent to a median value of $300,000.

eppraisal.com Top 10 real estate markets

In the previous report, smaller markets led the list with overall increases in home values; however, larger markets have begun to make a comeback as well. For example, San Jose-Sunnyvale and Santa Clara, Calif., saw an increase of 8.4 percent to a median value of $439,000. San Francisco-San Mateo, Calif., was up 10.4 percent to a median value of $635,000, and Chicago-Naperville, Ill., saw an increase of 3.1 percent to a median value of $115,000. This is the second time this year that San Francisco has seen an increase in home values. For the first time this year there are more positive markets in California than negative.

On the other side of the country, Florida leads the list with the most declines, with 14 of the 19 markets tracked by eppraisal.com showing declines in the median home value. In Jacksonville, Fla., home prices dropped 3.9 percent to a median home value of $152,900. In the Tampa-St. Petersburg area, home values dropped 3 percent to a median value of $125,000. The Orlando-Kissimmee area dropped 8.5 percent to a median home value of $151,000.

Overall, the markets are showing signs of recovery and surprisingly less than five percent of the markets tracked by eppraisal.com saw more than a 10 percent drop in home values. This is down from the more than 30 percent of markets seeing a 10 percent or higher decline in the median home value that was reported in the March 2009 report.

See a complete list of rankings.

eppraisal.com Helps Real Estate Professionals Take Advantage of Local Search

July 1st, 2009 by Allison Jordan

eppraisal.com Real Estate Professional Directory
Today, eppraisal.com launched a new version of its Real Estate Professional Directory, allowing real estate professionals to list their business profiles not only on eppraisal.com, but also on Google Maps, Yahoo! Local, Yellowpages.com, and 80 other search engines and local directories.

Using the advanced directory service, real estate professionals get a profile page on top-ranked eppraisal.com as well as numerous other local directories, improving their online visibility on local search engines and directories.

According to the Kelsey Group, 70 percent of online searchers will use local search to find offline businesses. To support this trend, search engines have dedicated a large portion of their search results page to local search listings. For example, consumers searching for a local professional on major search engines (ie. Appraisers in Orlando) are presented with local business listings and a general map of the area. Additional business listings are shown in the “organic” results from other local directories, like eppraisal.com, Kudzu, and Yellowpages.com. With eppraisal.com’s new Professional Directory, real estate professionals can use one central location to list their business profiles on multiple directories and get greater exposure in both local and organic search engine results.

The eppraisal.com Professional Directory offers a paid service and a scaled-down free service, which is currently available to six real estate professional types: real estate agents, mortgage brokers, home inspectors, appraisers, home stagers, and title and escrow officers. During the next few months, additional professional types will be launched to the site.

Sign up for the eppraisal.com Real Estate Professional Directory.

5 iPhone Apps for the Real Estate Enthusiast

July 1st, 2009 by Kat Sanders

puluwai iphone app
There’s something about the iPhone that has you salivating even as you hear the name being spoken. And with all the innovative apps that are being developed for this smartphone, life sure becomes a whole lot easier when you’re able to access all that you need right from the palm of your hand. Whether you just dabble in real estate or are a real enthusiast, these five apps meant for the iPhone are just what you need to make your real estate dealings and searches more comfortable:

Coldwellbanker: This nifty application allows you to search for homes based on location, city, state, zip code, price (set minimum and maximum amounts), the number of bedrooms and bathrooms, and the most recent search results. Another useful utility is the one that allows you to view the values of homes in certain neighborhoods.

StreetEasy Real Estate: StreetEasy provides you with a complete real estate view of New York, allowing you to pull details of home values, building information, photographs and other data through simple searches. You could get detailed information of a particular apartment or any other building and also information on similar listings if you are looking for alternatives.

Puluwai: Another search application for the iPhone, Puluwai allows you to search for homes and other property based on location, price, keywords and the number of bedrooms. You could also search using the iPhone’s GPS capabilities.

Home Finder: Besides acting as a valuable real estate search tool, Home Finder also includes a nifty calculator that you can use to process mortgage rates and plan payment schedules. You can store your recent searches, email them to friends and others, and view maps of areas you are interested in.

Zillow Real Estate: This is one baby that’s smooth both when you’re on the move and when you’re stationary. It provides you with real estate information about houses in the area you’re in and about property in any area you want to view. You’re given information about recently sold homes, homes that are available for purchase, and the values of homes in the locality.

This article is written by Kat Sanders, who regularly blogs on the topic of construction management degree at her blog The Fixer-Upper Blog. She welcomes your comments and questions at her email address: katsanders25@gmail.com.

7 tips for working with a moving company

July 1st, 2009 by Allison Jordan

Tips for working with movers
How your move goes depends to a large degree on your interaction with the moving company you hire, and communication plays a key role in that. Here are some tips to help things go smoothly:

  1. When the moving company estimator comes to your home to give you moving quotes, be explicit about what you want and don’t want moved. First, it will likely affect your long distance moving cost — the more stuff you have, the pricier it will be. Also, if you want something to stay at the house but the moving company is unaware of that, you might pay more because of the greater weight — and you’ll have the extra hassle of getting it back.
  2. Make sure the moving company has a clear understanding of move-out and delivery dates. If there are things that could change the move date — closings, building move-out dates, etc. — let your moving company know. If something does come up, tell the movers right away. This is particularly important during mover’s busy season in the summer.
  3. If there’s a special item that you’re very concerned about because of its value or fragility, let the mover know that so they can prepare accordingly.
  4. The moving company needs to know about any obstacles to the move at the origin home and the ship-to home. Knowing this ahead of time will ensure the moving company has the proper equipment and workers to handle your move.
  5. The moving company also must know about any items that need special packaging or services. Certain items in a typical household, like appliances, may require servicing by a 3rd party company instead of the moving company.
  6. For the unloading, tell the mover, or map it out for them on a schematic, where moving boxes and furniture will go in your new house. This will ensure things go more smoothly for your move.
  7. Finally, give the workers refreshments or lunch, and if they earn it, tip them like you would for any other service. A happy worker will be that much more apt to do good work for you.

Get free moving quotes from licensed and professional movers.

Source: Relocation.com

eppraisal.com National Real Estate Market Analysis

June 4th, 2009 by Allison Jordan

Today eppraisal.com released its National Real Estate Market Analysis report for 184 markets across the continental U.S. This report, which tracks median sales price of residential homes, compares data on homes sold in the last three months ending April 2009 with homes sold in the previous three months beginning on November 2008 and ending January 2009.

During this time period, 119 markets across the U.S. saw a decrease in the median home value, which accounts for 64.7 percent of the markets tracked by eppraisal.com. This is down from the 143 markets that saw declines in the previous eppraisal.com report for first quarter. An upward trend in median home value continues in smaller markets, like Punta Gorda, Fla., with a 9.5 percent increase in the median home value to $115,000, Wausau, Wisc., up 8.8 percent to a median value of $117,500, and Binghamton, N.Y., with a 14.5 percent increase to a median value of $226,600.

Even though smaller markets continue to dominate the list of areas showing increases in the median home value, eppraisal.com shows a few larger markets with home value gains. For the first time this year, San Francisco-San Mateo, Calif., shows an increase in the median home value, which is up 0.2 percent to a median value of $600,000.

San Francisco-San Mateo Median Sales Trending

Other California markets that appear to be reversing the trend are the San Jose-Santa Clara area, which is up 1.2 percent to a median home value of $430,000, and the Santa Barbara-Santa Maria area, which is up 4.6 percent to a median home value of $250,000. While we have a few gainers, overall the California market is still in negative territory with 75 percent of the 28 markets tracked by eppraisal.com seeing declines in home values.

In other areas the bleeding continues. In Florida, Jacksonville drops even further with a 5.8 percent decline to a median home value of $150,700. The Orlando-Kissimmee area decreased 8.4 percent to a median home value of $156,500. It’s not much better in the Carolinas, with Wilmington, N.C., declining 6.5 percent to a median value of $187,000.

The eppraisal.com National Real Estate Market report is attached. It shows the median sales price of existing single-family home sales in the last three months ending April 2009 in comparison with homes sold in the previous three months beginning on November 2008 and ending January 2009.

See a complete list of rankings.

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