As Buyers Respond to Tax Credit, U.S. Existing Home Sales Jump 7.4% November 2009 - 12/23/09 07:32 PM

RISMEDIA, December 23, 2009—Existing home sales rose again in November 2009 as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Existing home sales–including single-family, townhomes, condominiums and co-ops– rose 7.4% to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1% higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007 when they hit 6.55 million.
Lawrence Yun, NAR chief economist, said the … (1 comments)

Has the Housing Industry Hit Bottom? As Demand Disappears, Builders Say 2009 Marks Housing’s Bottom - 12/18/09 09:56 AM
Has the Housing Industry Hit Bottom? As Demand Disappears, Builders Say 2009 Marks Housing’s Bottom

 
RISMEDIA, December 18, 2009—Despite significantly lower traffic and sales this month, Southern California retained pricing strength and the majority of surveyed builders expect revenues to increase in 2010, according to John Burns Real Estate Consulting’s December survey of home builders.
“At this point, it’s clear that the extension and expansion of the tax credit weren’t enough to drive demand through the seasonally slow time of the year,” said Jody Kahn, a vice president with the firm. “This month’s survey results, backed by numerous … (0 comments)

La Jolla Ocean Views to La Jolla Shores New Listing 92037 - 12/17/09 09:36 AM
       Watch Video click on picture
 
 
See the Latest Video of the New Listing for Sale at 2605 Calle Del Oro in La Jolla 92037. This was shot in La Jolla on the REBA La Jolla Caravan hosted by Maxine Gellens. I used my Flip HD Camera to capture these images looking onto La Jolla Cove and La Jolla Shores.
More videos available at www.SanDiegoHomeSold.com & www.GaryGiffin.com Keller Williams Realty La Jolla
 
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Clairemont Listing Custom Home 3641 Mount Aladin zip 92111 - 12/15/09 08:31 AM
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New Construction " Highlands Village" Carmel Valley 92130 by Pardee Homes - 12/06/09 09:48 AM
 
See Video Click on Picture "Carmel Country Highlands"
Coming Soon: " Highlands Village" Carmel Valley 92130 east Del Mar by Pardee Homes Grading is underway at Highlands Village, a resort-style townhome neighborhood anticipated to open for sale in early 2010. Highlands Village is planned to include 167 spacious, two-story townhomes with attached garages and fabulous amenities including a private clubhouse with swimming pool, spa, fitness facility, media room, business center and kid's play area as well as two guest units available for rent to guests of homeowners. Like all new homes built by Pardee Homes, Highlands Village will feature the … (4 comments)

Tax Credit Expands Home Buyer, Economic Opportunities; On Pace to Help 70% of Potential Home Buyers - 12/05/09 08:51 AM

RISMEDIA, November 19, 2009—The National Association of Home Builders (NAHB) is spreading the word to consumers about an important new law that extends and expands an attractive tax incentive for potential home buyers. The Worker, Homeownership, and Business Assistance Act of 2009, signed into law by President Obama on Nov. 6, extends the deadline for the first-time home buyer tax credit and gives a larger group of home buyers the chance to take advantage of this government program.
“The tax credit has already proven to be an effective means of boosting economic activity,” said NAHB Chairman Joe Robson, a home … (0 comments)

Short Sale Reforms Could Speed Recovery - 12/03/09 09:06 AM
Short Sale Reforms Could Speed Recovery –
RISMEDIA, December 3, 2009—The U.S. Treasury Department recently announced new guidelines to the short sale process that could speed the housing market recovery, a move RE/MAX Executives have been promoting in Washington D.C. for the past year.
Short sales, transactions that can occur when a lender accepts the sale of a home at a price below the actual amount owed on the home, have become an increasing part of the real estate business as besieged homeowners look for alternatives to foreclosure. RE/MAX Chairman and Co-founder Dave Liniger has promoted a streamlined short sale … (1 comments)