Headlines in Real Estate for week ending September 21st 2012

Housing recovery under way, decrease in homes for sale, life after bankruptcy and much more. Here are the real estate headlines you may have missed this week: Shortage of California homes up for sale (via San Francisco Chronicle) After years of having too many homes and not enough buyers, real estate agents in California now have […]

Headlines in Real Estate for week ending August 24th 2012

4 year high for home prices, the investor effect, short sales and much more. Here are your real estate headlines you may have missed this week: California home prices near 4-year high (via Orange County Register) California home sale prices came close to a 4-year high in July, with the pace of sales year-over-year growing for […]

Headlines in Real Estate for week ending June 29th 2012

Raised concerns over reverse mortgages, home sales jump and plan for California’s homeowner bill of rights moves forward. Here are the real estate headlines you may have missed this week: Homeowner Bill of Rights plans move forward (via San Francisco Chronicle) On Wednesday, a so-called “Homeowner Bill of Rights” moved a step closer to passing, with […]

Sales & Prices Up for New Homes in May

The sale of new homes spike 7.6% in May far exceeding expectations with the pace of new home sales reaching their highest levels since the home buyer tax credit back in 2010. Home prices also rose in this category by 5.6% year over year to a median price of $243,500. As inventory continues to be an […]

December Existing Home Sales Up 5%

Existing home sales rose 5% in the month of December according to the National Association of Realtors to end the year totaling 4.26 million home sales vs. 4.19 million the previous year. The increase in home sales comes as no surprise to me since November pending home sales, which are contracts to purchase, soared to their highest […]

Home Sales Jump Nearly 8%

Sales of existing homes jumped much more than economists expected in August in response to low prices and historic interest rates, according to the National Association of Realtors. Sales were up 7.7% month over month as the median home price fell 5.1% compared to last year. The National Association says increasing rents may be the cause […]

Positives and Negatives in Real Estate

There was some good news and not so good news for the real estate market yesterday which added to the uncertainty in the future of the world economy. The Bad Existing home sales fell by over 12% from a month earlier which was the biggest month over month drop this year. One thing to point […]

Home Prices Roll Backward

An article today in the San Diego Union Tribune which read “Home Prices Roll Backward”. To my surprise actually, and I do want to give credit to Roger Showley at the San Diego Union Tribune for not making this a negative piece and taking this opportunity to making this a negative point in the economy […]

Foreclosures Up, Defaults Down?

A look into what caused a 41.9% spike in foreclosures for the month of December and why are notices of default declining. Should we expect to see many new forclosures on the market? No In Case you missed it there was an article in the San Diego Union Tribune, written by Roger Showley which showed […]

Pending Home Sales Surge, Now What?

For the seventh consecutive month, pending sales of existing homes rose sharply in August reaching it’s highest level since March 2007. The National Association of Realtors Pending Home Sales Index, based on signed contracts was up 6.4% to 103.8, which makes it the longest consecutive month to month increase since the index began tracking in […]