real estate: Dissecting the data
- 04/17/08 09:58 AM
I read the following brief report online: Southern California's seasonal boost in home sales between February and March was less than half its normal level and a record low, and median prices of sales took a dive, according to a report today from data provider DataQuick Information Systems. A total of 12,808 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in March. That was up 18.8 percent from 10,777 the previous month but down 41.4 percent from 21,856 in March 2007, DataQuick reported. On the surface this news can seem bad. … (0 comments)
real estate: More GOOD news for housing
- 03/21/08 04:37 AM
Throughout the week I have read a couple of reports that have shed some positive light on the whole housing situation. With the Fed injecting money into the financial markets and banks desperately trying to help out defaulting homeowners, more good news is coming out in regards to the housing market. Here are a couple of excerpts from these articles.From INMAN News March 20, 2008California's foreclosure rate fell in February compared to January, research and data company ForeclosureRadar reported Wednesday.Foreclosure sales at auction in the state fell 15 percent compared to January, with 16,931 sales at a combined loan value of … (1 comments)
real estate: California Fast Facts
- 03/13/08 09:07 AM
Fast Facts Calif. median home price - January 08: $430,370(Source: C.A.R.) Calif. highest median home price by C.A.R. region January 08: Santa Barbara So. Coast $1,135,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region January 08: High Desert $234,310 (Source: C.A.R.) Calif. First-time Buyer Affordability Index - Third Quarter 07: 33 percent (Source: C.A.R.) Mortgage rates - week ending 03/06/08 30-yr. fixed: 6.03% Fees/points: 0.5% 15-yr. fixed: 5.47% Fees/points: 0.5% 1-yr. adjustable: 4.94% Fees/points: 0.5% (Source: Freddie Mac) Sincerely Kevin Williamson http://www.williamsonteam.net This information was originally from the CAR.org website … (1 comments)
real estate: New Home Builders
- 03/05/08 08:27 AM
Last week my office took a tour of new model homes in the city of Riverside. I was amazed at the prices of some of these homes. I took some time and spoke with a couple of the sales people at the front office. Each of them said pretty much the same thing, “These builders are desperate and have to sell.” The prices in some communities were over $100,000 less than the same time last year and the builders were still offering incentives on top of the price decrease. When you are looking for a home it is always a good … (0 comments)
real estate: Government intervention not bailouts
- 03/05/08 08:22 AM
If you have been watching the news this last week, you noticed there has been a lot of talk about our country's economic status. Federal Reserve Chairman Ben Bernanke gave an economic outlook for the next coming months: he pretty much stated that it is not going to get a whole lot better. The economy will still crawl along with slight growth, but there are still fears of negative growth in this first quarter of 2008. The odd thing is that that has been the statement for the last 2 quarters. But in spite of those predictions we have continued to … (1 comments)
real estate: Buyers: Should you wait for the bottom of the market?
- 03/05/08 08:07 AM
A couple of days ago I read an article from the msnmoney.com report. It was titled Buyers: Should you wait for the market bottom? By Melinda Fulmer. I thought it was interesting to see a report from a major news source that was actually positive news on the market. In the body of the article the writer gave 5 reasons to buy right now. The reasons are: 1. Prices in the neighborhood you are interested in are relatively stable. Either they are holding their own or increasing, or the pace of decline is slowing significantly. If you have to move and don't … (0 comments)
real estate: Where do you get your real estate news?
- 01/23/08 04:30 AM
I read an article online at http://www.rismedia.com/ titled "Where the Truth about Today's Market Really Lies". As you look at the title you might read the word "Lies" as where someone can really find the truth of the real estate market. But, as you read further on down in the article you find that the word "Lies" is in reality defined as untruths. This article was insightful to me as a REALTOR to see the impact of the media on the housing market. In this entry I wanted to ask a couple of questions and see just where all of you … (1 comments)
I read the following brief report online:;)
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