Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

Home Prices to Bottom in These 19 Markets in 2012

marketwatch.comApr 25, 2012

By Amy Hoak

CHICAGO (MarketWatch) — Home prices in a majority of the markets covered in Zillow’s Home Value Forecast are set to bottom this year — if they haven’t already, according to a Zillow report released on Wednesday.

“From an economic perspective, the latter part of the first quarter is full of positive news as the spring selling season gets underway,” said Stan Humphries, Zillow’s chief economist, in a news release. “While it is unlikely that national home values continue to rise at this rate through the rest of the spring and summer, it is undeniable that we are seeing sparks of life in the housing market.”

Nineteen out of 30 markets in Zillow’s monthly report are expected to hit a bottom, in terms of home prices, at some point in 2012, according to the real-estate website.

The Phoenix, Miami-Ft. Lauderdale and Tampa areas are expected to see significant home-value increases over the next year, with prices in Phoenix expected to rise 6.5%, prices in Miami-Ft. Lauderdale expected to rise by 5.6% and prices in Tampa expected to rise 2.5%, the release said.

Markets where prices are expected to keep dropping include Atlanta, where prices are expected to fall 4.1% over the year and Chicago, where values are forecast to decline 3.8%.

Overall, U.S. home values rose 0.5% in March, compared with February, according to the report. That’s the largest monthly increase since May 2006, according to Zillow.

The report was released a day after the latest Case-Shiller report, which found that average home prices were at their lowest level in February since late 2002.

Below are the 19 metropolitan areas where Zillow expects prices will hit a bottom in 2012:

  • New York
  • Los Angeles
  • Dallas-Ft. Worth, Texas
  • Philadelphia
  • Washington, DC
  • Miami-Fort Lauderdale, Fla.
  • Boston
  • Riverside, Calif.
  • Phoenix
  • San Diego
  • Tampa, Fla.
  • St. Louis
  • Baltimore
  • Denver
  • Pittsburgh
  • Orlando, Fla.
  • Las Vegas
  • San Jose
  • Virginia Beach, Va.


Back to April 2012 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer
Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:




 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package