Tag Archives: CoreLogic

Housing Development

Realty Executives Phoenix launches new site

Realty Executives Phoenix, one of the largest and most productive real estate brokerages in the nation, announced the launch of a new consumer-focused website at www.RealtyExecutivesPhoenix.com.

The web launch marks a unique presence for the brokerage, unlike any other in the company’s nearly 50 year history. Concurrent to the web launch of the Phoenix-based brokerage, Realty Executives International unveiled a new Realty Executives International Website and intranet system.

Realty Executives International, parent company to Realty Executives Phoenix and one of the fastest growing real estate franchises in the United States, now offers a comprehensive intranet for its Broker/Owners and sales agents in Phoenix and around the globe. The new intranet serves as a dashboard designed to increase productivity and streamline real estate business activities on a daily basis.

Powered by Southern California based data company, CoreLogic, the new web solutions allow agents to leverage technology effectively through an arsenal of powerful, fully integrated back and front-end marketing tools. The consumer-facing sites, www.RealtyExecutivesPhoenix.com and www.RealtyExecutives.com, offer clients property search functionality in the United States and Canada. The new design and features were developed with the needs of consumers first and foremost, while still providing the company’s Broker/Owners and sales agents with a state-of-the-art website that also meets their needs.

A robust intranet system now provides a comprehensive platform for all Realty Executives Broker/Owners and sales agents, allowing them to interact with the system like never before.  This system, called “Executive Access” includes a Customer Relationship Management (CRM) tool to manage contacts and leads, listing management and access to each agent’s MLS.  The result is an interactive experience as opposed to a static website that provides data, information, agent-to-agent communications, calendar management and alerts for business among other useful tools.

“I’m so pleased to announce the launch of these incredible tools for our agents and consumers in the Phoenix area and worldwide. I’m looking forward to seeing the fruits of this cutting-edge technology, which will dramatically improve the home search and marketing process for today’s savvy consumer,” said Rich Rector, owner and president of Realty Executives.

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Home prices jump 22.1 percent in Phoenix

A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.

The real estate data provider also said Tuesday that prices declined 0.3 percent in September from August, the first drop after six straight increases. The monthly figures are not seasonally adjusted. CoreLogic says the monthly decline reflects the end of the summer home-buying season and not a softening in the housing recovery.

Some of the biggest increases were in states that suffered the worst from the housing bust. Home prices in Arizona jumped 18.7 percent in the past year, the most of any state. Home prices in Idaho rose 13.1 percent, the second largest. Nevada’s home values rose 11 percent.

Home prices jumped 22.1 percent in Phoenix, the metro area with the biggest gain. Prices in Houston rose 6.6 percent, the second-highest increase.

The states with the biggest drops were Rhode Island (3.5 percent) and Illinois (2.3 percent).

Steady price increases should give the housing market more momentum when home sales pick up in the spring. Rising prices encourage more homeowners to sell their homes and entice would-be buyers to purchase homes before prices rise further.

Other measures have also shown healthy gains in home prices over the past year. The Standard & Poor’s/Case Shiller 20-city index rose 2 percent in August compared with a year ago, a faster pace than the previous month.

The price gains in the past year reported by CoreLogic were widespread. Prices have risen in all but seven states. And they declined in only 18 out of 100 large cities that are tracked by the index.

CoreLogic’s price index is based on repeat sales of the same homes and tracks their price changes over time.

Several reports last month showed that the housing market is improving, though from depressed levels.

Home builders started construction on new homes and apartments at the fastest pace in more than four years in September. They also requested the most building permits in four years, a sign that many are confident that home sales gains will continue.

New home sales jumped last month to the highest annual pace in the past two and a half years. Sales of previously occupied homes dipped in September but have risen steadily in the past year.

Sales of both new and previously occupied homes are still below levels that are consistent with a healthy housing market. That’s partly because the supply of available homes for sale remains low. And many prospective home buyers are struggling to qualify for a mortgage or scrape together the bigger down payments that many banks are requiring.

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Arizona home prices soar 18.2 percent in 12 months

A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years, according to an Associated Press report.

CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

States with the biggest price increases in the past 12 months were Arizona, Idaho, Nevada, Utah and Hawaii. Prices soared 18.2 percent in Arizona, partly because the supply of homes for sale is low and foreclosure sales have slowed. Prices have risen 10.4 percent in Idaho.

The states with the biggest declines were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.

Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

Other measures of home prices have also increased. The Standard & Poor’s/Case Shiller index rose in July compared with a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also reported annual increases.

Housing prices are rising in most areas, according to CoreLogic. Only 20 large cities out of 100 tracked showed declines in the 12 months ending in August. That compared with 26 in July.

“The housing market’s gains are increasingly geographically diverse with only six states continuing to show declining prices,” said Mark Fleming, chief economist for CoreLogic.

The housing market has begun to rebound this year more than five years after the bubble burst.

Sales of previously occupied homes jumped in August to the highest level since May 2010. The rate at which builders started single-family homes rose last month to the fastest in more than two years. Builders have also increased their spending on single-family home construction for five straight months. And the lowest mortgage rates on record have made home buying more attractive.

Even with the gains, the housing market has a long way back. Many would-be buyers can’t qualify for stricter lending standards or save enough money for larger down payments that most banks now require. Home sales, housing starts and prices all remain below healthy levels.

CoreLogic said its measure of prices is 26.7 percent below a nationwide peak in April 2006.

Still, the broader economy will likely benefit from rising home values. When prices rise, people typically feel wealthier and spend more. And more Americans are likely to put their houses up for sale, which could further energize the market.