Items Tagged with 'MSA'

ARTICLES

  • The mixed property bag for Bridgeport-Stamford-Norwalk

    Connecticut's largest MSA is rising in value as it drops slightly in population
    The Bridgeport MSA is by no means a poor area. Per capita income is $52,344, about 25% higher than its state, which is $41,087 and 150% that of the average for the nation, which is $31,128. Its median household income of $90,123 is also about 25% higher than Connecticut's as a whole and roughly 1.5 times that for the U.S.
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  • This market is about to see a housing downturn

    Which city and surrounding MSA rank fifth lowest in VEROForecast?
    With a projected -0.6% drop in home prices over the next year, Peoria and its surrounding MSA ranked the fifth lowest on Veros Real Estate Solutions VEROForecast for this year. Veros' Eric Fox explains that a recent move by manufacturer Caterpillar to relocate its headquarters from Peoria to Chicago may be the cause.
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  • Rolling the dice on Atlantic City

    To quote Springsteen, "maybe everything that dies someday comes back."
    The Atlantic City-Hammonton, New Jersey Metropolitan Statistical Area boasts a legendary boardwalk and coastline but is now as well known for its bankrupt casinos. And, rather than a growing population with an expanding economy, the region remains on a downward trend, with a projected -2.9% depreciation.
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  • For Housing, an October to Forget

    Housing markets in key major metropolitan areas endured their worst Oct. in at least eight years -- and perhaps longer, as the number of distressed property sales managed to push recorded home prices downward further and a number of key MSAs saw sales volume drop sharply. According to a report from New York-based real estate data and analytics firm Radar Logic, Inc., released Tuesday morning, home prices and sales volumes decreased more in Oct. 2008 than in any other Oct. since the company's data set began in Jan. 2000.
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  • A Tale of Two Housing Markets: There's REO, and Then There's Everything Else

    Proving that even within a single local housing market, sales trends can be more complex than they might otherwise seem, new data is suggesting that distressed assets can move housing markets -- when prevalent enough. A monthly housing report from real estate analytics firm Radar Logic Inc., released Monday morning, found that in March of this year, so-called motivated sales -- defined as liquidity-driven sales of real-estate owned and similar transactions -- had managed to split apart more than a few local markets.
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  • Home Prices Fell at Record Pace in January: Report

    The record descent of U.S. housing prices managed to pick up steam in January, according to a widely-watched housing price index released Tuesday morning. The Standard & Poor's/Case-Shiller housing price indices show that a 10-city composite of the nation's ten largest metropolitan areas fell a record 11.4 percent on an annual basis during January. A composite of 20 cities posted a similar 10.7 percent decline, S&P said in a press statement.
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