Let’s face it, the housing market will struggle as long as potential home buyers are concerned over job stability and the state of the economy. Mortgage rates may be low, and incentives like the first-time home buyer tax credit seem good on the surface, but the fact remains that until the economy gets on its feet, many are not willing to get into what they may consider a risky investment.

That’s where energy efficiency comes in. That’s right — green homes, sustainable energy, home improvements and renovations that are good for the environment — these things can actually improve the housing market (not to mention climate change). How so you ask? For starters, today’s buyer’s are more interested in homes that are energy efficient. A home with a lower utility bill is important when faced with uncertainty. Not to mention, buyers may be inclined to invest knowing there are tax breaks if they engage in green improvements in their new home. More indirectly, and perhaps more positively, energy efficiency creates green jobs, and that is just plain good for local economies.

The U.S. Conference of Mayors commissioned the “Green Jobs in U.S. Metro Areas” report, which documented the impact green jobs have had and can have on major U.S. cities. It only stands to reason that these same effects would be seen in smaller metro areas as well.

Some of the benefits to the economy cited in this study are:

• Improved tax rolls and sales as people gain stable employment in good green jobs.
• Carbon reductions that benefit city governments, homes and businesses in communities that concentrate on carbon reduction.
• Improvements to the balance of trade as we stop importing so much fossil fuel and start to export new energy efficient technologies.
• Improvement in the air and water quality surrounding communities that choose to reduce emissions and the impact that these savings have cumulatively on the earth by reducing the rate of climate change.

Some green home improvements include:

• Install solar powered water heaters and energy-efficient appliances
• Replace older heating and air conditioning units with high efficiency systems
• Use sustainable materials in new construction
• Replace insulation and tighten air ducts
• Seal windows, doors, fireplaces, and cracks in the exterior of the home

Learn more about creating a green home at The Green Home Guide.

In the August 2009 eppraisal.com National Real Estate Market Analysis report, released today, 76 percent of the markets tracked saw an increase in the median home value, which was up from 50 percent in the prior report (July). In the current report, the trend continues with 80 percent of the markets tracked by eppraisal.com showing positive gains in home values. Even larger markets that have taken substantial hits in the past are showing continued recovery. For example, San Francisco, Los Angeles, and San Diego markets all saw over a 5 percent increase in the median home value with 17.8 percent, 6.7 percent, and 7.7 percent increases.

The full list of all 138 markets can be found in our market report. However, here are some of the most notable highlights.

• Santa Cruz-Watsonville, Calif., jumped 32 percent to a median value of $515,000.
• The Orlando-Kissimmee, Fla., area has stopped the decline and has increased by 1.6 percent to a median value of $152,900.
• Bend, Ore., and Sherman-Denison, Tex., were the only areas (tracked by eppraisal.com) that saw double digit declines in home values. Bend, Ore., dropped by 11.6 percent to a median value of $175,000, and Sherman-Denison, Tex., decreased by 11.2 percent to a median value of $86,568.
• Honolulu, HI, had a modest decrease of 1.6 percent to a median value of $555,000.
• Salt Lake City, UT, also had a modest decrease, with a 1.4 percent drop in value to a new median of $227,992.

The National Real Estate Market Analysis report tracks median sales price of residential homes in 138 markets across the continental U.S. compares data on homes sold in the last three months ending July 2009 with homes sold in the previous three months beginning on February 2009 and ending April 2009. This report compares data on homes sold in the last three months ending July 2009 with homes sold in the previous three months beginning on February 2009 and ending April 2009.

See the full list of national home value rankings.

Through August 2009, 47 loan service providers have offered more than 570,000 homeowners loan modifications through the Home Affordable Modification Program (HAMP) initiated by the Obama Administration. Of these, 47 service providers have successfully converted over 360,000 modifications, a number that Assistant Secretary for Financial Institutions Michael S. Barr is optimistic about. However, in a testimony before the House Financial Services Committee, Barr said he wants to see more conversion of trial offers from loan service providers — namely 500,000 by November 1.

Let’s see which providers top the list:

While Wells Fargo & Co. and Bank of America Corp. improved the number of modifications in August over July, they still come in near the bottom at 11% and 7% respectively.

See the full Service Provider Report through August 2009

Other programs initiated by the Obama Administration to address the housing crisis include:

Assistant Secretary Barr says, “Our progress in implementing these programs to date has been substantial, but we recognize that much more has to be done to help homeowners.”

What do you think?

Moving day is stressful — you’re uprooting your family’s life and moving it to an entirely new house, and perhaps an entirely new city.

There are ways you can make the moving day itself less grueling with just a little planning. Here are a few:

1. If you’re using movers, they will go through your entire house and draw up an inventory of your things to be moved. Tag along with the driver who’s tallying this inventory and make sure everything gets on it, and then use the inventory at your new home to make sure that everything gets unloaded. The more familiar you are with the inventory, the more at ease you will be that your loading and unloading is proceeding smoothly and that you’re on track for your move.
2. Be the sole source of contact with moving companies. Having one person in charge of all the moving details will make it easier to keep track of your entire move. It will also make it easier for the moving company to know who to speak to if there are issues.
3. Before you even move, take care of things at your new home so you don’t have to worry about them on moving day. Get your utilities hooked up, and arrange to have cleaners get everything clean before you arrive. Also, when your new house is empty is the best time to do minor home improvement projects like painting, wood-floor refurbishing, and carpet cleaning.
4. If you have kids or pets, arrange to have someone take care of them during your loading and unloading. Kids, especially small kids, can get underfoot during a move and pose a danger to the folks who are moving your stuff. Also, the less you have to keep track of on moving day, the better.
5. Pack and set aside a bag that you will need during the trip to your new home. To be safe, keep this bag at a neighbor’s, or put it in the car, to ensure it doesn’t accidently get packed by your moving company.
6. After everything’s been loaded, go through the house (and possibly enlist someone to come along with you) to ensure everything was loaded onto the truck.

SOURCE: Relocation.com

Today eppraisal.com released its National Real Estate Market Analysis report for 183 markets across the continental U.S. This report, which tracks median sales price of residential homes, compares data on homes sold in the first quarter of 2009 with homes sold in the second quarter of 2009.

In this comparison of the first quarter with the second quarter, there are signs that most markets have hit bottom and are showing signs of recovery. In the last eppraisal.com report, only 50 percent of the markets tracked saw increases in median home values. In the current report, 76 percent of the markets tracked saw increases, while less than 20 percent saw a decline in median home values. Only two markets on the entire list saw a double digit decline in median home values.

Overall, the gains are spread across the U.S, but there are a few hot spots, with areas in Ohio and Michigan seeing the biggest increases. These areas have had some of the steepest declines in past reports and have the greatest potential for growth. For example, in Springfield, Ohio, the median home value jumped 36.4 percent to $75,000. Lima, Ohio, increased by 46.9 percent to a median home value of $78,000. In Michigan, the Lansing area saw a 31.6 percent increase to a median value of $75,000. The Saginaw area increased 47.2 percent to a median value of $44,000, and Battle Creek increased by 17.2 percent to a median value of $45,000.

The full list of all 183 markets can be found in our market report. However, here are some of the most notable highlights:

• Markets in Ohio accounted for half of the top 10 markets that saw the greatest increase, with Akron leading the list followed by Sandusky and Cleveland areas.
• At a median home value of $151,000, Orlando-Kissimmee, Fla., remains an affordable area with the median still less than the median a year ago when it was over $210,000. However, the decline has slowed from 8.5 percent in the previous eppraisal.com market report to 3.2 percent in the current report.
• Other notable affordable areas include: Las Vegas-Paradis, Nev., down 6.2 percent to a median value of $140,900; Cape Coral-Fort Myers, Fla., down 1 percent to a median value of $85,100; and the Tampa-St. Petersburg area up 3.3 percent to a median value of $129,000.
• The San Francisco-San Mateo areas of California had the highest median home value on the list at $673,000, which is up 18.1 percent over the first quarter.
• Detroit-Dearborn, Mich., area had the lowest median home value on the list at $14,000, which is up 12.9 percent.
• Of the 139 markets showing increases in median home values, only 24 of those markets remained under $100,000.

See a complete list of real estate market rankings from eppraisal.com