Headlines in Real Estate for week ending December 7th 2012

Buying a home over the holiday season, biggest 6 year jump in home prices and so much more. Here are real estate headlines you may have missed this week:

Should you buy a home during the holidays? (via San Diego Union-Tribune)
Once Thanksgiving is over, the real estate world typically starts to wind down for the holidays and doesn’t usually reawaken until after New Year’s.  But potential home buyers who are prepared to close in today’s competitive market may want to keep house hunting while everyone else is waiting for spring. Read Full Story

Consumer confidence rises to highest level since 2008 (via Los Angeles Times)
The Conference Board’s consumer confidence index edged up to 73.7 in November from 73.1 the previous month. Read Full Story

U.S. housing market’s fragile recovery (via San Francisco Chronicle)
When banks pulled back on foreclosures two years ago following a government investigation into allegations of faulty practices, market researchers, academics, and Wall Street analysts said that a surge of delinquent homes would deluge the U.S. market once lenders resolved the claims and worked through backlog, driving down prices for years to come. Read Full Story

Foreclosures down in October as housing market continues healing (via Los Angeles Times)
About 1.3 million homes, or 4.2 percent of all U.S. homes, were in any stage of the foreclosure process in October, down from 1.4 million homes in September, according to data released by CoreLogic. Read Full Story

Home prices show biggest jump in 6 years in October (via Los Angeles Times)
Home prices increased 6.3 percent in October from a year earlier, the biggest year-over-year gain since 2006, according to CoreLogic. Read Full Story

Short sales jump ahead of tax hike (via CNNMoney)
A soon-to-expire tax break for troubled homeowners is helping drive a spurt in “short sales.” Read Full Story

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About Daniel Di Matteo

Realtor at CENTURY 21 Award, Daniel was Voted U-T San Diego’s Best Real Estate Agent in 2014. A Husband, Father, and most recently, accomplished Blog writer, which explains your visit today.