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Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Real Estate Market Trends: Price Increases Keep Accelerating

Home prices rose 10.5 percent year-over-year in March, for the biggest annual gain in seven years, according to the latest real estate market trends from CoreLogic.

| BY Adriana Reyneri

Rising on tight supply, U.S. home prices posted their biggest annual gain in seven years, increasing 10.5 percent from March 2012 to March 2013, according to the latest real estate market trends from CoreLogic, an analytics firm serving the real estate and financial services industries.

“The pace of appreciation has been accelerating throughout 2012 and so far in 2013 leading into the home buying season,” Dr. Mark Fleming, chief economist for CoreLogic, said in a statement.

The latest increases puts home prices 25.1 percent below their April 2006 peak, according to the CoreLogic Home Price Index released yesterday. Excluding distressed sales – short sales and foreclosed homes sold at a discount – prices are 18.3 percent below the peak.

In related real estate market trends, borrowing rates are at or near record lows. Click here to learn more.

Distressed properties sold at discounts of 12 percent to 35 percent, over the past year, according to the March REALTORS Confidence Index  Survey from the National Association of Realtors or NAR.  Roughly 21 percent of existing home sales are distressed properties, according to Jed Smith, managing director of quantitative research. “Not surprisingly, the price discount is affected by the property condition: properties in the poorest condition are discounted at twice the rate of those with above average condition,” Smith said in the NAR Eye on Housing blog posted today.

 On a monthly basis, U.S. home prices prices rose 1.9 percent from February to March, according to CoreLogic. Eleven states posted losses ranging from 0.1 percent to 1.4 percent.

“Home prices continue to rise at a double-digit rate in March led by strong gains in the Western region of the U.S.,” Anand Nallanthambi, president and CEO of CoreLogic, said in a statement analyzing current real estate market trends. “Looking ahead, our pending index for April indicates that upward price appreciation will continue.  Much of the price increases we are seeing are the result of rising demand among investors and homebuyers for a still-limited supply of home for sales.”

High net worth investors also predict that home prices will continue to improve over the next two years. Click here to learn more.

In other real estate market trends reported this week, the National Association of Home Builders reported an increase in construction-related job openings over the past six months. Unfilled construction jobs exceeded 100,000 in January, February and March – the first period of three consecutive months of six-digit openings since 2008.