California No Longer Dominates Top Ten Annual Gaining Markets, According to Homes.com Reports

Areas in West, South still have long road to recovery, Northeast among top performing regions

NORFOLK, Virginia (August 27, 2014) – Homes.com®, leading online real estate destination, has released its June Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for defined areas ranked from 101-300. Among the nation’s top 100 largest markets, all but one market has increased their three-month average index point change.  Analyzing the top 300 U.S. markets, 299 markets report year-over-year gains for single-family properties. A total of 105 markets, or 35 percent, have achieved full pricing recovery across the nation.

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Homes.com® Takes Giant Step in Evolution of Website Domain Technology

Leading real estate listing site secures top level “.homes” domain, making search process easier for partners and consumers

Norfolk, Virginia (August 26, 2014) – Homes.com®, the online real estate resource and leading provider of real estate marketing solutions, has secured the top level domain, “.homes.” Long known as simply “.com,” “.org,” and “.net,” the internet is experiencing monumental changes with the creation of nearly 2,000 top-level domains, altering the way consumers search for homes online. A longstanding leader in search solutions and web technology, Homes.com continues to prove itself as the frontrunner in providing innovative tools and resources for partners and consumers across the country.

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Homes.com® Offers “Top 10 Tips to Pay off College Debt and Still Save for a House”

Paying off college debt

Leading real estate site helps graduates afford a dream home

NORFOLK, Virginia (August 18, 2014) – Graduating from college with a hefty load of debt can be discouraging for many, especially with the economy at a standstill. For many college grads, buying a house remains just a dream. The experts at Homes.com® and ForRentUniversity.com™, leading online real estate destination sites, have compiled a list of the top 10 tips and trends for paying off college debt while saving for a house. Knowing how the numbers work with debt payments and learning innovative tricks to save money can be a tremendous step in the right direction toward purchasing that first home. Seven in ten college graduates are reported to have college debt, according to the Project on Student Debt. These tips will give graduates advice for paying off loans and help jumpstart savings for a future home.

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Local Content is Key, According to New Guide Released by For Rent Media Solutions™ and Homes.com®

Top online real estate resources provide insights into growing importance of local expertise in housing industry

Norfolk, Virginia – (August 11, 2014) – For Rent Media Solutions™ and Homes.com®, leading real estate marketing resources designed to assist today’s apartment and home owners throughout every stage of the rental and owning process, have released the “Rise to the Top: Be the Local Expert” guide to help real estate and multifamily professionals overcome marketing challenges, achieve success, and better understand what being a “local expert” in their communities entails.

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West, Midwest Demonstrate Continued Improvements, According to Homes.com Local Market Index Reports

Year-over-year gains in 299 of the top 300 U.S. markets

NORFOLK, Virginia (August 8, 2014) – Homes.com, leading online real estate destination, has released its May Local Market Index, a price performance summary of repeat sales in the top 100 U.S. markets, and the companion Midsize Markets Report, for markets ranked between 101-300. Utilizing repeat sales home pricing data, the Index showed year-over-year gains for single-family properties in 299 of the top 300 U.S. markets.

 The West continued to lead in the top 10 yearly gaining markets, representing eight of the top 10. For the twelfth month in a row, California captured five of the top 10 annual improving spots, with San Diego remaining in the lead with an increase of more than 11 percent. In the Northwest, Seattle and Portland also held spots on the yearly gaining list with an increase of over nine percent for each. The West dominated the yearly improving midsized markets, with six markets coming from that region. Annually, Bend-Redmond, Oregon took the top spot, with an 11.25 percent increase. California had four of the top 10 year-over-year markets.

In the nation’s top 100 largest local markets, 95 increased their three-month average index in May. New Orleans saw the biggest increase in that three-month period — nearly 1.5 percent. The top 10 monthly gaining list over a three-month average was a mixture of markets in the South, Midwest and West. The South dominated with five markets, followed by the Midwest with three markets. Albuquerque and San Francisco are the only western markets on the three-month average gaining list, with an increase of .7 percent for each market. Of the midsized markets, the top performers increased at least .8 percent over 3 months. Of the 200 midsized markets measured, 199 showed yearly gains.

This month, 36 of the top 100 markets showed a complete price recovery, down one market from last month’s count. Knoxville, Tennessee was the only market that fell out of rebound. Of the top 100 markets that rebounded, six were from Texas, all of which averaged a total rebound percentage of more than 109 percent. Additionally, 69 midsized markets have now rebounded 100 percent or more, up one from last month’s report. The midsize market just added to the full rebound list was Columbus, Georgia-Alabama, with a rebound percentage of 100%.

“If we combine the Top 100 and the Midsize Markets 200, representing the largest 300 U.S. markets by population, 105 markets, or 35%, have achieved full pricing recovery,” said Brock MacLean, executive vice president of Homes.com. “While the Pacific Coast continues to see markets with some of the fastest rising prices, the South and Midwest continue to show steady growth. The South, specifically some Florida markets, still has price recovery to attain. However, overall improvements can be seen. Nationwide sustainability in the housing recovery process remains promising.”

Additional highlights from the Homes.com Local Market Index reports included:

  • New Orleans-Metairie, Louisiana saw the biggest increase in this month’s report over a three-month average, with a 1.1% index point increase.

  • Louisville/Jefferson County, Kentucky-Indiana saw the largest three-month average decrease, at 0.28%.

  • Annually, the San Diego-Carlsbad, California and San Francisco-Oakland-Hayward, California metro areas posted index point increases of over 11.4%.

  • The only markets on the yearly gaining list not from the West were Miami-Fort Lauderdale-West Palm Beach, Florida and Atlanta-Sandy Springs-Roswell, Georgia, which saw year-over-year increases of 9.86% and 9.72%, respectively.

  • Of the midsized markets, the lone market that decreased annually was Wheeling, West Virginia-Ohio, with a 4.34% index point decrease.

Additional highlights from the Homes.com Rebound Report:

  • Knoxville, Tennessee was close to showing a rebound again, with a rebound percentage of 99.92%.

  • Two additional markets close to rebound were Provo-Orem, Utah and Augusta-Richmond County, Georgia-South Carolina, with rebound percentages of 99.44% and 99.37%, respectively.

  • The South region continued to dominate recovery, with 18 markets having(I do rebound percentages greater than 100%.

Resources:

Download all Homes.com Local Market Reports, supporting documents and rebound percentages for May 2014.

Download the Homes.com Local Market Report tables and graphs.

Learn more about the methodology used to create Homes.com’s Local Market Index, the Homes.com Rebound Report and other frequently asked questions.

To receive a comprehensive data file, including index values in every zip code within a local market, contact LocalMarketReports@Homes.com.

About Homes.com

As one of the nation’s top online real estate destinations, Homes.com inspires consumers to dream big. From affordable houses to luxurious estates, condos, apartment rentals and more, Homes.com features more than 3 million property listings and exclusive distribution of over 20,000 apartment listings from ForRent.com in a user-friendly format, making finding your next home easy. Visitors to the Homes.com blog will find a collection of rich information and posts on DIY projects, painting, organization tips and more, providing the ultimate resource for everything home related. From finding your first apartment to buying your first home, upgrading, downsizing and everything in between, Homes.com is an inspiring and engaging partner in every phase of the home buying or renting process.

Visit Homes.com and download the Homes.com Mobile App, Rentals Mobile App, or Mortgage Calculator to assist in your home search. For home decor tips and more, visit Blog.Homes.com.