S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Housing

States Battered By Housing Show Some Improvement

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Some of the states which had the largest drop in home values during the housing market collapse have begun to recovery at a rate better than the national market. It may be a case of homes become so cheap in these areas that they have become nearly irresistable.

New Corelogic data for February shows that year over year

Including distressed sales, the five states with the highest appreciation were:  West Virginia (+8.6 percent), Michigan (+5.8 percent), Florida (+4.7 percent), Arizona (+4.5 percent) and South Dakota (+4.1 percent).

Several of these state are among those which have had remarkably huge drops in prices:

The five states with the largest peak-to-current declines including distressed transactions are Nevada (-60.2 percent), Arizona (-49.8 percent), Florida (-48.6 percent), Michigan (-44.0 percent) and California (-43.7 percent).

States like Michigan and Florida may seem to be in the midst recoveries, but they have so much ground to cover to get back to even, it may never happen

Douglas A. McIntyre

 

 

 

 

 

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Baltimore’s Distressed Home Sales Near 20%
Paul Ausick |

Baltimore’s Distressed Home Sales Near 20%

U.S. sales of distressed homes totaled nearly 10% of all homes sold in March of 2016, according to data published…

Douglas A. McIntyre |

Another Sign of Home Price Recovery

Although news about the housing market has been mixed over the past month, new data has started to be more…

Paul Ausick |

U.S. Home Price Increases Still Slowing

Home prices in the United States rose for the 30th consecutive month in August, but the increases have slowed sharply…

Distressed Home Sales Remain High in Baltimore, Chicago, Tampa
Paul Ausick |

Distressed Home Sales Remain High in Baltimore, Chicago, Tampa

U.S. sales of distressed homes totaled nearly 8% of all homes sold in June of 2016, according to CoreLogic. That…

Maryland, Michigan, Florida Top States for October Distressed Home Sales
Paul Ausick |

Maryland, Michigan, Florida Top States for October Distressed Home Sales

U.S. sales of distressed homes totaled more than 10% of all homes sold in October of this year, according to…

Maryland, Florida Top States for August Distressed Home Sales
Paul Ausick |

Maryland, Florida Top States for August Distressed Home Sales

The five states with the largest percentage of distressed sales in August were Maryland, Florida, Michigan, Connecticut and Illinois.

Paul Ausick |

September U.S. Home Prices Rise Most in Michigan and Montana

Home prices in the United States rose for the 31st consecutive month in September.

Paul Ausick |

Michigan, Florida, Maryland Lead US in Distressed Home Sales

U.S. sales of distressed homes dropped to about 11% of all homes sold in April of this year, according to…

December Foreclosure Inventory Remains Highest in New Jersey, New York
Paul Ausick |

December Foreclosure Inventory Remains Highest in New Jersey, New York

In December, 32,000 U.S. home foreclosures were completed, down more than 2% month over month, according to CoreLogic.

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820