The Beverly Hills Real Estate blog.
Good morning Thusday. Another beautiful day on tap for SoCal! What did you expect?
Maybe a touch cooler today. How about that speech last night? Wow! Sarah Palin accepts GOP nomination for vice president proved to me; I have no problem with a woman in the White House. The speech was positive, uplifting and full of "what's right with America." We both loved it as did the main stream media.
Real Estate news:
RATE OF HOME PRICE DECLINES ACROSS THE COUNTRY SLOWS TO 0.4 PERCENT IN 2ND QUARTER
U.S. home prices declined by an annualized 0.4 percent during the second quarter of 2008, following a 10.8 percent annualized drop in the first quarter, according to the latest Conventional Mortgage Home Price Index Purchase-Only Series from Freddie Mac, which excludes refinanced transactions in its calculations.
"While U.S. home value indexes continued to decline, an encouraging sign has been the significant moderation in the rate of decline of the Purchase-Only series," said Frank Nothaft, Freddie Mac vice president and chief economist. "After falling sharply over the prior two quarters -- more than a 10 percent annualized drop -- home value depreciation slowed substantially to only a 0.4 percent annualized rate. While we expect to see further declines in average U.S. home values throughout this year and into 2009, we will be watching for signs of stabilization in indicators of real housing activity, such as a leveling off in home sales and for-sale inventories."
A tip from CAR that provides info to help us and our planet.
C.A.R. GREEN TIP OF THE WEEK: GREEN YOUR OFFICE
If you are looking for a distributor of green office supplies -- everything from cleaning supplies to refillable pens, paper cups, and furniture -- The Green Office (www.greenoffice.com) is a good place to start.
C.A.R.'s "Green Tips" are part of the Association's effort to raise member awareness about environmentally sound practices and offer REALTORS® ideas for greening their business practices and better serving their green-minded consumers. For more green real-estate-related tips and discussion, visit C.A.R.'s green blog at http://www.car.org/newsstand/greenblog/ .
We can all help out in our own way. Let's all pitch in and help out.
We're at: www.patandmelody.com Have a great day!
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