Thursday, November 1, 2012
Thursday, June 7, 2012
What School District is that Home in Anyway?
I get this question VERY often, and there is a simple solution. What school district is this home in anyway? I mean really everyone wants to know what school their kids will attend if they buy a new home. Some may be targeting specific schools and only want to buy in those areas. Some may want to change schools. even people who do not have kids are often curious because they feel it will be important to the resale and potential future, and sometimes current, value of the home. All of these are legitimate and good reasons, and very important. Visit this link and you can find out what schools any particular listing in Lexington and Fayette County is districted to attend.
Of course these are not warranted by me, as it is a service provided by Fayette County Public Schools and many schools, particularly the new elementary schools in Fayette County fill up, but the alternate schools are listed as well.
(Here is what it looks like on their site)
This site also lists the testing information, schedules, and lots of other information about the schools as well.
If you would rather see it on a map so you do not have to type in a particular address for every property this may help.
- Fayett County School Districts
Thursday, January 5, 2012
Tuesday, January 3, 2012
Distressed Properties Continue to Put Pressure On Home Prices, Latest HousingPulse Finds
Despite solid demand for home purchases overall, a glut of distressed properties is continuing to put downward pressure on home prices, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Distressed properties accounted for a hefty 46.1% of home purchase transactions in November as reported in the HousingPulse Distressed Property Index (DPI), using a three-month rolling average. Significantly, November marked the 23rd month in a row that the DPI has been above 40%.
At the same time, however, homebuyer demand for housing appears surprisingly strong, especially for lower-priced foreclosed properties or real estate owned (REO). Time on market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to HousingPulse. Time on market for damaged REO was even lower at 9.0 weeks in November, also the lowest in 15 months.
Short sales were the largest segment of the distressed property market during the month of November, accounting for 17.6% of total home purchase transactions tracked in the HousingPulse survey. Move-in ready REO was the next largest group of distressed properties with a 15.2% share, followed by damaged REO with a 13.3% share of total transactions. Non-distressed home purchases accounted for the remaining 53.9% of home purchases in November.
Average pricing for distressed property was substantially lower than for non-distressed property. The average short sale sold for $209,200 in November, while the average move-in ready REO sold for $189,700. Damaged REO sold for far lower at $98,600. At the same time, non-distressed properties sold for $258,900.
Despite solid demand for home purchases overall, a glut of distressed properties is continuing to put downward pressure on home prices, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Distressed properties accounted for a hefty 46.1% of home purchase transactions in November as reported in the HousingPulse Distressed Property Index (DPI), using a three-month rolling average. Significantly, November marked the 23rd month in a row that the DPI has been above 40%.
At the same time, however, homebuyer demand for housing appears surprisingly strong, especially for lower-priced foreclosed properties or real estate owned (REO). Time on market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to HousingPulse. Time on market for damaged REO was even lower at 9.0 weeks in November, also the lowest in 15 months.
Short sales were the largest segment of the distressed property market during the month of November, accounting for 17.6% of total home purchase transactions tracked in the HousingPulse survey. Move-in ready REO was the next largest group of distressed properties with a 15.2% share, followed by damaged REO with a 13.3% share of total transactions. Non-distressed home purchases accounted for the remaining 53.9% of home purchases in November.
Average pricing for distressed property was substantially lower than for non-distressed property. The average short sale sold for $209,200 in November, while the average move-in ready REO sold for $189,700. Damaged REO sold for far lower at $98,600. At the same time, non-distressed properties sold for $258,900.
| Residential Real Estate Pricing and Commission Metrics | |||||
| Average Sales to Listing Price Ratio | 2011 Year to Date | ||||
| Region | Damaged REO | Move-In Ready REO | Short Sale | Non- Distressed | |
| AZ & NV | 97% | 99% | 95% | 94% | |
| California | 97% | 99% | 96% | 96% | |
| Farmbelt | 89% | 97% | 92% | 95% | |
| Florida | 94% | 97% | 91% | 93% | |
| Industrial Midwest | 92% | 94% | 91% | 94% | |
| Northeast | 93% | 95% | 92% | 94% | |
| Oil Producing | 90% | 97% | 92% | 96% | |
| Pacific NW | 98% | 95% | 96% | 96% | |
| Rocky Mountain | 91% | 96% | 92% | 95% | |
| South | 89% | 95% | 91% | 95% | |
| National Average | 93% | 96% | 93% | 95% | |
| Average Property Price by Region--Year to Date | ||||
| Region | Damaged REO | Move-In Ready REO | Short Sale | Non- Distressed |
| AZ & NV | $120,003 | $170,303 | $173,001 | $247,834 |
| California | $203,618 | $274,488 | $301,190 | $444,699 |
| Farmbelt | $75,646 | $136,991 | $161,036 | $201,224 |
| Florida | $84,488 | $155,823 | $153,236 | $245,320 |
| Industrial Midwest | $60,639 | $113,306 | $136,641 | $204,813 |
| Northeast | $146,411 | $295,458 | $232,080 | $327,816 |
| Oil Producing | $66,851 | $150,284 | $159,930 | $209,096 |
| Pacific NW | $107,134 | $234,574 | $255,663 | $321,266 |
| Rocky Mountain | $149,109 | $171,828 | $191,836 | $246,136 |
| South | $79,779 | $156,464 | $191,169 | $222,129 |
| National Average | $102,149 | $182,687 | $199,718 | $259,661 |
Courtesy Campbell Surveys
Campbell/Inside Mortgage Finance HousingPulse Tracking Survey
It is based on a national survey of more than 2,500 real estate agents each month and provides up-to-date intelligence on home sales and mortgage usage patterns throughout the United States, broken down by region.
______________
Housing Trends Update
Housing Trends Update is published monthly and is available only to real estate agents who are part of the Campbell/Inside Mortgage Finance HousingPulse survey panel.
Copyright © 2011 by Campbell Surveys
www.housingpulse.com
Subscribe to:
Posts (Atom)
Posts
