Did You See Us In The Paper?

The Forster Team featured their newest property to go on the market in Pinecrest! Get your copy of the Miami Herald today and look for us in the Home and Design Section.

MIAMI HERALD AD

 

EWM PAGE FEATURE AD

 

Advertisements

See Our Ads In The Miami Herald!

The Forster Team wil be featured in three different ads today! Get a copy of your Sunday Miami Herald and look for us in the Home and Design Section. We have great properties being featured!

MIAMI HERALD AD – HOME AND DESIGN SECTION

EWM PAGE AD – HOME AND DESIGN SECTION

EWM ELITE PAGE ADS – HOME AND DESIGN SECTION

Have You Checked To See What Your Home Is Worth Lately?

U.S. Home Prices Rise in July by Most in 6 Years

Miami Herald – September 4, 2012

(AP) – U.S. home prices jumped 3.8 percent in the 12 months ending in July, according to a private real estate data provider. The year-over-year increase was the biggest in six years, further evidence that the housing market is steadily recovering.

CoreLogic said Tuesday that home prices also rose 1.3 percent in July from June. That’s the fifth straight increase in both the monthly and year-over-year price indexes.

Miami-Dade’s home prices beat the national average, measuring a 3.3. percent increase from June to July, and 11.87 percent for the 12-month period ending July 31, according to CoreLogic. In Broward, single family home prices jumped 3.16 percent for the month and 9.19 percent from July 2011 to July 2012.

The index is the third national measure to show steady increases. The Standard & Poor’s/Case-Shiller index posted its first annual increase in nearly two years last week. And a federal government housing agency has also reported annual increases.

The states with the biggest gains according to CoreLogic over the past 12 months were Arizona, Idaho, Utah, South Dakota and Colorado. In Arizona, prices have risen 16.6 percent since July 2011. Idaho has posted a 10-percent gain in that time. In Florida, prices rose 6.6 percent.

But not all states are seeing increases. In Delaware, prices dropped 4.8 percent in the 12-month period. Prices fell 4.6 percent in Alabama in that stretch.

The housing market has been slowly recovering this year. Sales of new and previously occupied homes are up. Builders are more confident and starting work on more homes. And mortgage rates are near their lowest levels of the past six decades.

Prices are also rising because the supply of available homes remains tight.

Still, the housing market’s recovery is just beginning. Prices remain 27 percent below their peak in April 2006, CoreLogic said.

The recent improvements have been widespread. Out of 100 large cities tracked by CoreLogic, only 23 posted year-over-year declines in July. That’s four fewer than in June.