market trends: Is the Current Pace of Home Sales Sustainable?
- 10/23/16 12:57 PM
There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. As usual this time of year, the slower Holiday market will only start to pick up speed after the Super Bowl, in about the middle of February. Until then, very few homes will be on the market, and demand will be lower. That said, the buyers that are out there looking … (0 comments)
market trends: 4 Stats That PROVE This Is NOT 2005 All over Again
- 10/23/16 12:37 PM
Recent research by the National Association of Realtors (NAR) examined certain red flags that caused the housing crisis in 2005, and then compared them to today's real estate market. Today, we want to concentrate on four of those red flags. 1 Price to Rent Ratio 2 Price to Income Ratio 3 Mortgage Transactions 4 House Flipping All four categories were outside historical norms in 2005. Home prices were way above normal ratios when compared to both rents and incomes at the time. NAR explained that mortgage transactions as a percentage of all home sales were also at a higher percentage: "Loose credit was one … (2 comments)
market trends: Irvine market trends - biggest shift in 10 years
- 10/04/13 03:13 AM
As a Woodbridge homeowner and Realtor, I’m excited to see that prices and sales activity have increased substantially. This is true in all areas of the Woodbridge market, including condo tracts like Lakeside and Seasons, and detached SFR tracts like Landing I & II. These two Woodbridge listings of mine close escrow this month:
Speaking of the “Landings”, so far this year 11 homes have sold, (4 sides were mine), one is in escrow, and two are "active". That's up quite a bit from the 7 sales per year we saw each in 2012, 2011 & 2010. See details of … (2 comments)
There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis?
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