Friday, May 31, 2013

Home Prices Jump 9.3% Nationally in One Year

Just the Facts

This sign may not politically correct.
Sometimes you just have to be politically incorrect.

Home Prices Jump 9.3% Nationally in One Year
Home prices are rising at the fastest rate in years, with some communities seeing double-digit gains, as buyers are returning to a market where the number of properties for sale is in short supply.  Prices increased 9.3% in February from a year earlier.  In some of the hardest hit markets, the gains have been particularly heady.  Home prices rose 23% from one year ago in Phoenix and 18.9% in San Francisco.  Nationally, the median home price in March stood at $184,300, up from $154,600 in January 2012.
-          Wall Street Journal, May 1, 2013

Dallas Business Journal Names 3 Best New Communities
The annual DBJ review of best new neighborhoods announced are significant because each of them are large master-planned communities.
·         Light Farms in Celina, 2,700 new homes, lots open in May.  Eventually 8,300 people will call Light Farms their home.
·         Windsong Ranch in Prosper, 3,100 new homes, first phase opening in 2014.  Some 9,500 people will call Windsong Ranch their home.  The development includes 3 school sites, 4 amenity centers and a 150-acre mixed use commercial development.
·         Harvest in Argyle and Northlake, 3,000 new homes, eventually 9,000 residents.   The first phase opens later this year.  It is located in Northlake and Argyle ISDs.
-          Dallas Business Journal, April 26, 2013

America’s Highest Earning Cities
Survey of 562 cities, population over 50,000
Congratulations to Flower Mound, Frisco and Allen
There are 16 cities in the United State with populations over 50,000 where more than 50% of the households in the city earn more than $100,000 per year.  California and Texas dominate this list of high-earners.  Most of these cities are well-to-do suburbs of large metro areas, including Dallas-Ft Worth, San Francisco, Atlanta and Chicago.

Rank
City/CDP
Larger metro area
Percentage of households making over $100,000
Percentage of households making less than $100,000
Percentage of households making $100,000 to $149,999
Percentage of households making $150,000 to $199,999
Percentage of households making $200,000 or more
1
San Ramon, California
San Francisco
63.50%
36.50%
22.10%
16.40%
25.00%
2
Flower Mound, Texas
Dallas-Fort Worth
62.80%
37.10%
28.30%
15.90%
18.60%
3
Pleasanton, California
San Francisco
59.80%
40.00%
22.80%
14.70%
22.30%
4
Yorba Linda, California
Los Angeles
58.80%
41.20%
23.50%
16.70%
18.60%
5
Carmel, Indiana
Indianapolis
58.40%
41.60%
20.90%
14.30%
23.20%
6
Palo Alto, California
San Francisco
57.80%
42.10%
17.70%
11.90%
28.20%
7
Newton, Massachusetts
Boston
55.40%
44.60%
18.00%
11.70%
25.70%
8
Naperville, Illinois
Chicago
54.80%
45.10%
18.50%
13.50%
22.80%
9
Frisco, Texas
Dallas-Fort Worth
53.70%
46.30%
25.70%
14.70%
13.30%
10
The Woodlands CDP, Texas
Houston
53.40%
46.70%
24.70%
13.40%
15.30%
11
Johns Creek, Georgia
Atlanta
52.10%
48.00%
21.20%
10.40%
20.50%
12
Ellicott City CDP, Maryland
Baltimore
51.70%
48.30%
16.80%
16.40%
18.50%
13
Allen, Texas
Dallas-Fort Worth
51.20%
48.90%
24.50%
16.10%
10.60%
14
Lake Forest, California
Los Angeles
50.70%
49.30%
26.70%
13.70%
10.30%
15
Highlands Ranch CDP, Colorado
Denver
50.50%
49.40%
25.60%
12.70%
12.20%
16
Arlington CDP, Virginia
Washington, DC
50.30%
49.80%
18.10%
12.90%
19.30%
Data was obtained from the U.S. Census. 562 cities were included in this analysis.
-          NerdWallet, April 29, 2013

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