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santa cruz: Investor's are back in the market - 02/09/10 01:24 PM
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santa cruz: 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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santa cruz: 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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santa cruz: 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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santa cruz: Santa Cruz County Home Sales Rise Ninth Month in a Row - 04/13/09 09:24 AM
Sales of single-family, re-sale homes were up, year-over-year, by 40.8% in March. Year-to-date, home sales are up 28.4%. The median price for homes fell 4.4% from February. The median price was down 36.5% year-over-year. The average price fell 6.9% month-over-month, and was off 34% compared to last March. Inventory was down 19.7% from last March. This is the eleventh month in a row inventory has declined year-over-year. Our Days of Inventory indicator dropped 45 days and is now at 223 days. In a balanced market, the supply of homes is usually around five to six months. For condos, the indicator was … (0 comments)
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santa cruz: American Recovery and Reinvestment Act Ups Loan Limits - 03/15/09 04:39 PM
The American Recovery and Reinvestment Act of 2009 reinstates last year's 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans. These limits were equal to the greater of 125% of the 2008 local area median home price or $271,050 for FHA and $417,000 for Fannie and Freddie, with an overall maximum cap of $729,750. For the few areas where the 2009 limits were higher, the higher limits will apply. In addition, the bill includes language providing the HUD Secretary with the discretion, if warranted, to increase the loan limit for any Hsub-areaI, i.e. an area smaller than a county. … (0 comments)
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santa cruz: e-Pro designation - 03/05/09 10:13 AM
Local REALTOR e-PRO® Agent Utilizing Technology To Provide Consumers with State-of-the-Art Services
March 5, 2009 – As more and more consumers begin their search for real estate-related information on the Internet, it is critical that real estate professionals are well educated in the use of technology to the benefit of both the consumer and the agent and/or broker.
Realizing the importance of technology training, the National Association of REALTORS® (NAR) now offers its members the e-PRO certification course -- the only technology certification program offered by NAR. The program is designed to prepare real estate professionals to make … (0 comments)
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santa cruz: Mortgage Rate Outlook - 02/10/09 09:52 AM
Feb. 6, 2009 -- Mortgage rates moved alittle higher amid the raging "stimulus"debate. It seems to us that more thanone factor is the cause behind themild lift in rates, not the least ofwhich are glimmers of hope amid theeconomic data.HSH's overall average for the week,our Fixed-Rate Mortgage Indicator --inclusive of conforming, jumbo and'expanded conforming' interest rates -- rose by eight basis points (.08%),finishing the week at 5.94%. Theoverall 5/1 Hybrid ARM averagemoved .06 upward, landing at aweek-ending value of 5.67%. Conforming30-year FRMs trudged upwardby nine basis points, whileJumbo 30-year FRMs actually declinedto 6.83% for the period.One of the factors pressing interestrates … (0 comments)
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santa cruz: CBIA Pressing for Housing Stimulus Measure - 02/10/09 09:49 AM
Sacramento (Feb. 3) E Housing productionin California in 2009 is expectedto decrease from the alreadyrecord-low numbers seen in2008, the California Building IndustryAssociation announced today,leading CBIA officials to strengthenthe call to state and federal lawmakersto enact a homebuyer taxcredit in hopes of reinvigorating thehousing market and the economy.The Association is forecasting just63,400 units will be produced in2009, a 3 percent decrease fromthe record-low 65,380 units producedin 2008. In comparison, thelow point of the homebuilding recessionin the early 1990s was84,656 units in 1993, while theworst year during the recession ofthe early 1980s was 85,656 in1982. To meet the need for newhousing generated by … (0 comments)
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santa cruz: 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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