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Real Estate

Almost Half of States Near Home Appreciation Peaks

Photo courtesy of: http://www.funnypica.com/
Photo courtesy of: http://www.funnypica.com/

Home prices are continuing to rise heading into the summer months, according to CoreLogic’s latest Home Price Index, which shows nationwide home prices, including distressed sales, rising 10.5 percent in April compared to year-ago levels.

“The purchase market continues to suffer from a dearth of inventory, which we expect will continue to drive prices up over the year,” says Anand Nallathambi, president and CEO of CoreLogic.

In fact, no states posted drops to their home prices in April, according to CoreLogic’s index. What’s more, several states surpassed their previous home price peaks, including: Colorado, Louisiana, Nebraska, Oklahoma, North Dakota, South Dakota, Texas, and Wyoming.

Twenty-three states as well as the District of Columbia also are at or within 10 percent of their home price appreciation peak, according to CoreLogic.

The five states with the highest home appreciation (including distressed sales) in April year-over-year are:

  • California: 15.6%
  • Nevada: 14.8%
  • Hawaii: 14.1%
  • Oregon: 11.8%
  • Michigan: 11.3%

Source: CoreLogic

Read more:

Analysts Still Bank on 7% Home Appreciation
This Housing Market Is Sizzling

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Nevada County Weather – Dry Start For 2011 – 2012

Nevada Irrigation District Water Source Map
Nevada Irrigation District Water Source Map


I believe we are all wondering what’s happened to the rain and snow this year.  It’s certainly the driest season I can remember so far.  The Nevada Irrigation District’s newsletter has some interesting facts as to what’s happening to our weather this winter season.

Here’s what they have to say:

Precipitation Season

The 2011/12 rainfall season is off to a very slow start. By Dec. 31, precipitation at NID’s Bowman Reservoir (elev. 5600 ft.) had reached only 12.55 inches, or 50 percent of average for the date (seasonal precipitation is measured July 1-June 30).

From Very Wet to Very Dry

A year ago at this time, rain and snow poured down on the area; by late December 2010, precipitation at Bowman had reached 60.3 inches. By the time the 2010/11 rainfall season ended June 30 it had become the fifth wettest year on record, producing 124.15 inches of precipitation, or 179 percent of average.

This December produced just 0.32 inches of precipitation, the third driest December in 126 years of record-keeping at Bowman. Even with the dry conditions, NID water storage remains strong. As of Dec. 31, district storage was measured at 177,100 acre-feet of water, which is 114 percent of average for this time of year.

Meanwhile, the National Weather Service Climate Prediction Center’s Dec. 15 outlook called for near-normal precipitation and below-normal temperatures in our region through the first quarter of 2012.

Source: Nevada Irrigation District

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