Daily Archives: September 2, 2014

Home prices rise 6.5 percent in July, CoreLogic reports | South Salem Real Estate

The U.S. is on Month 29 of rising home prices. Meanwhile, the Texas housing market has outpaced itself once again, and San Antonio on a steady rise.

These are three takeaways from the latest Home Price Index (HPI) report by Irvine, Calif.-based CoreLogic.

Over the 12 months ended July 31, home prices in the San Antonio/New Braunfels metro increased 6.5 percent.

The San Antonio metro is one of 98 of the top 100 Core Based Statistical Areas (CBSAs) tracked by CoreLogic that posted year-over-year increases in their HPI.

The only exceptions in July were the metros of Worcester, Mass.-Conn.; and Little Rock-North Little Rock-Conway, Ark.

Nationwide, the HPI increased 7.4 percent between July 2013 and July 2014, CoreLogic reports. The July numbers

As for Texas, the Lone Star State once again outperformed itself — reaching a new HPI high of 8.7 percent.

Texas was one of 11 states (including the District of Columbia) that reached new highs for their HPIs.

 

 

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http://www.bizjournals.com/sanantonio/blog/2014/09/home-prices-rise-6-5-percent-in-july-corelogic.html

 

Top 10 Cities for Flood Risk from Rising Seas | Cross River Real Estate

The National Oceanic and Atmospheric Administration’s report, Sea Level Rise and Nuisance Flood Frequency Changes around the United States, identifies the top 10 U.S. cities with the highest increase in nuisance flooding between 1957-1963 and 2007-2013.

According to William Sweet, lead author of the report, “as relative sea level increases [in a city], it no longer takes a strong storm or a hurricane to cause flooding.” Which means that if your city is high on the list, road closures, maxed-out storm drains, and the inevitable damage that accompanies a flood will be coming your way (especially if you live on the East Coast).

Scientists examined data from 45 NOAA water level gauges around the country and compared that to long-term reports of number of days of nuisance floods to identify which metros are most at risk. 

Top 10 U.S. Areas for Nuisance Flooding*

*Averaging more than one flood on average 1957-1963, and for nuisance levels higher than 0.25 meters. “Nuisance level” correlates to the meters above the mean higher high water mark in each location.

1. Annapolis, Md.
Nuisance level: 0.29
Average nuisance flood days (1957 – 1963): 3.8 days
Average nuisance flood days ( 2007 – 2013): 39.3 days

2. Baltimore, Md.
Nuisance level: 0.41
Average nuisance flood days (1957 – 1963): 1.3 days
Average nuisance flood days ( 2007 – 2013): 13.1 days

3. Atlantic City, N.J.
Nuisance level: 0.43
Average nuisance flood days (1957 – 1963): 3.1 days
Average nuisance flood days ( 2007 – 2013): 24.6 days

4. Philadelphia, Pa.
Nuisance level: 0.49
Average nuisance flood days (1957 – 1963): 1.6 days
Average nuisance flood days ( 2007 – 2013): 12.0 days

5. Sandy Hook, N.J.
Nuisance level: 0.45
Average nuisance flood days (1957 – 1963): 3.3 days
Average nuisance flood days ( 2007 – 2013): 23.9 days

6. Port Isabel, Texas
Nuisance level: 0.34
Average nuisance flood days (1957 – 1963): 2.1 days
Average nuisance flood days ( 2007 – 2013): 13.9 days

7. Charleston, S.C.
Nuisance level: 0.38
Average nuisance flood days (1957 – 1963): 4.6 days
Average nuisance flood days ( 2007 – 2013): 23.3 days

8. Washington, D.C.
Nuisance level: 0.31
Average nuisance flood days (1957 – 1963): 6.3 days
Average nuisance flood days ( 2007 – 2013): 29.7 days

9. San Francisco, Calif.
Nuisance level: 0.35
Average nuisance flood days (1957 – 1963): 2.0 days
Average nuisance flood days ( 2007 – 2013): 9.3 days

10. Norfolk, Va.
Nuisance level: 0.53
Average nuisance flood days (1957 – 1963): 1.7 days
Average nuisance flood days ( 2007 – 2013): 7.3 days

 

 

 

 

 

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http://www.ecobuildingpulse.com/climate-change/top-10-cities-with-flood-risk-from-rising-seas_o.aspx/?day=2014-07-29&utm_source=newsletter&utm_content=jump&utm_medium=email&utm_campaign=EBP_090214&day=2014-09-02

Home price growth slows to 21-month low | Bedford Hills Real Estate

Home prices nationwide, including distressed sales, increased 7.4% in July 2014 compared to July 2013, according to the July report from CoreLogic (CLGX) – a significant slowdown that continues the long-term trend and a 21-month low.

This change represents 29 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.2% in July 2014 compared to June 2014.

Having all-but stalled during the previous three months, the CoreLogic measure of house prices posted a decent gain in July,” said Paul Diggle, property economist with Capital Economics. “But this is probably no more than a temporary reprieve, and we expect house price growth to continue slowing over the remainder of the year.”

At the state level, including distressed sales, only Arkansas posted a decline in July 2014 with 0.9-percent depreciation. A total of 11 states, plus the District of Columbia, reached new highs in the HPI dating back to January 1976 when the index started. These states are Alaska, Colorado, Iowa, Louisiana, Nebraska, North Dakota, Oklahoma, South Dakota, Tennessee, Texas and Vermont.

 

 

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http://www.housingwire.com/articles/31220-home-price-growth-slows-to-21-month-low