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capitola: Investor's are back in the market - 02/09/10 01:24 PM
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capitola: California Affordability Inches Downward - 09/29/09 01:04 PM
Housing affordability inched downward throughout the state during the second quarter of 2009 as a result of incremental price increases and increased demand sparked by the state new-homebuyer tax credit, the California Building Industry Association said today. The quarterly National Association of Home Builders/Wells Fargo Housing Opportunity Index found that homes were less affordable in 16 of the state<s least affordable market for the fifth quarter in a row (21.2%). www.soldonsantacruz.com … (1 comments)
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capitola: Inventory Declines, While Pending Sales Continue to Rise - 09/29/09 12:57 PM
Inventory of single-family, re-sale homes fell for the thirteenth month in a row in August, and it is now down 43.1% year-over-year. Pending sales, meanwhile, climbed 31.3% from July, and were up 100.5% compared to August 2008. The median price for singlefamily, re-sale homes lost 7.5% in August. Year-overyear, the median price was off 13.4% Sales of single-family, re-sale homes were up, year-over-year, by 3.2% in August. Year-to-date, home sales are up 16.6%. Days of Inventory rose seven days to 129 days. In a balanced market, the supply of homes is usually around five to six months. For condos, the indicator … (0 comments)
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capitola: Mortgage Rate Outlook - 06/16/09 09:12 AM
Mortgage Rate Outlook May 29, 2009 -- Bond and mortgagemarkets spasmed this week, andthe corresponding sharp rise inrates over a two-day period servedas a reminder that even a batteredprivate market markets can be adangerous animal. It wasn't completelyclear what sparked the rout,but there was speculation that acombination of unclear goals inFederal Reserve quantitative easingprograms, floods of new sovereigndebt and shoddy treatment of GMbondholders all led to the selloff.Yields on the 10-year Treasurybond had lifted by just over half apercentage point in a few days'time, taking conforming fixed mortgagerates along for the ride. Afterstanding at a familiar 5.03% onTuesday, Conforming 30-yearFRMs leapt … (0 comments)
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capitola: Santa Cruz County Home Sales Rise Seventh Month in a Row - 02/10/09 09:46 AM
Sales of single-family, re-salehomes were up, year-over-year, by21.5% in January. We expect thismomentum to continue asthe market works its waythrough the glut of bankownedproperties.The median price for reversedcourse, again, andfell 1.7% from December.Since September, the medianprice has gone up,down, up, down. This isusually a sign the market is lookingfor a bottom. The median price wasdown 27% year-over-year.Inventory was down 21.6% fromlast December. This is the ninthmonth in a row inventory has declinedyear-over-year.In spite of the decline in inventory,and because home sales weredown 29.5% month-over-month, ourDays of Inventory indicator regainedthe 71 days it had shed inDecember and is now back at 284days. … (0 comments)
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Charles Lynn
Santa Cruz,
CA
More about me…
David Lyng Real Estate
Address: 2170 41st Ave., Capitola, Ca, 95010
Office Phone: (831) 464-0100
Cell Phone: (831) 247-4577
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