The title looks good, and is for some Florida cities, but Tampa is not in top ten. I think our prices rose dramatically last spring and then have been stable since then. I will give you an example of how they have risen. I bought a home at the beginning of 2012 for 252k and just sold it for 289k. If you are in the Tampa area and reading my blog, no worries that the Tampa area isn’t in the top 10….this time. To read article….see below

JACKSONVILLE, Fla. – Feb. 26, 2014 – A report from Black Knight Financial Services (formerly Lender Processing Services) finds that December home values in the U.S. are within 13.9 percent of the peak reached in 2006.

Black Knight’s Home Price Index (HPI) found nationally that home values rose 0.1 percent month-to-month (compared to November 2012 numbers) and 8.4 percent year-to-year. The high point for U.S. home prices was $270,000 in June 2006. In December, the HPI found a median of $232,000.

From Black Knight’s analysis, it appears most U.S. cities saw their biggest price spike last year, and their dramatic price increases have begun to slow to a more balanced level.

Florida, however, seems to buck that trend a bit, with home prices still climbing faster in comparison to other U.S. states and cities.

According to Black Knight, Florida prices rose 0.6 percent month-to-month in December, coming in second to top-ranking New York with a 0.7 percent rise.

However, Florida cities logged eight of the top 10 spots for “Biggest Movers” when comparing metro areas. Only two other U.S. cities even made the list.

Biggest metro area movers month-to-month

1. Miami: 1.2% month-to-month December price increase
2. Sarasota: 0.9%
3. Key West: 0.7%
4. Fort Walton Beach: 0.6%
5. Poughkeepsie, NY: 0.6%
6. Lakeland: 0.6%
7. Port St. Lucie: 0.6%
8. Tulsa, OK: 0.5%
9. Naples: 0.5%
10. Palm Bay: 0.5%

To calculate its HPI, Black Knight says it looks at repeat sales prices and its loan-level databases. It claims the numbers take REO and short-sale price discounts into consideration.

© 2014 Florida Realtors®

PENDING HOME SALES DECLINE FOR 4TH MONTH IN A ROW SEPTEMBER 2013

Wow, this is not good news for a recovering Tampa housing market. The investors came in about a year or so and stabilized the Tampa market and helped us get our prices back to what they should be. But, the investors have slowed purchases in Tampa as they move on to cheaper markets, there was a 1%+ interest rate jump (which has now gone back down), 3 price increases by new construction builders in Tampa area, a government shut down, Obamacare, etc., which I think has some buyers heading back to the sidelines to wait it out and wait for some of the uncertainty to settle. I think key to the slower pending sales is price. I think home prices went up too quick which may make some people wait it out to see if prices are going to drop. No one wants to buy a home that is going to go down in value right after they bought it. That’s how we ended up with all the short sales after the housing market crash of 2007. Stay tuned to my blog to see how the Tampa real estate market is doing. Richard Kemper Re/Max Realty Unlimited 813-777-5332

Pending home sales continue slide in Sept.

WASHINGTON – Oct. 28, 2013 – Pending home sales declined for the fourth consecutive month in September. According to the National Association of Realtors® (NAR), higher mortgage interest rates and higher home prices curbed buying power.

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, fell 5.6 percent to 101.6 in September from a downwardly revised 107.6 in August. Year-over-year, the index is down 1.2 percent compared to September 2012.

The index is at the lowest level since December 2012 when it was 101.3; the data reflect contracts but not closings.

“Declining housing affordability conditions are likely responsible for the bulk of reduced contract activity,” says Lawrence Yun, NAR chief economist. “In addition, government and contract workers were on the sidelines with growing insecurity over lawmakers’ inability to agree on a budget. A broader hit on consumer confidence from general uncertainty also curbs major expenditures such as home purchases.”

September marks the first time in 29 months that pending home sales weren’t above year-ago levels.

“This tells us to expect lower home sales for the fourth quarter, with a flat trend going into 2014,” says Yum. “Even so, ongoing inventory shortages will continue to lift home prices, though at a slower single-digit growth rate next year.”

The PHSI in the Northeast dropped 9.6 percent to 76.7 in September, and 6.4 percent below a year ago. In the Midwest, the index fell 8.3 percent to 102.3 in September, but it’s 5.7 percent higher than September 2012.

Pending home sales in the South slipped 0.4 percent to an index of 116.2 in September, but it’s 2.0 percent above a year ago. The index in the West dropped 9.0 percent in September to 97.3 and 9.8 percent lower than September 2012.

NAR projects that total existing-home sales this year will be 10 percent higher than 2012, reaching more than 5.1 million, and will likely hold even in 2014. The national median existing-home price is expected to rise 11 to 11.5 percent for all of 2013, but moderate to a 5 to 6 percent gain in 2014.

© 2013 Florida Realtors®