member364276's Blog
member364276 Description:
I have 25 years experience in finance of which 18 years were spent in Caliornia real estate. I am a Santa Cruz real estate broker, owner or Authentic Real Estate (http://www.authenticre.com) blogging to help locals stay in touch with the real estate industry. I specialize with short sales, foreclosure sales and first time homebuyers.

Mar 13

Investors Keep SOCAL Housing Market Strong

Published in Real EstateCalifornia Economics by member364276 | Comment (0)

California home sales continued strong last month as investors snapped up mid- to high-end homes, though it was unclear whether the rebound will continue through the year, real estate research firm DataQuick reported Wednesday.

The region recorded its highest February sales in six years, with 15,945 homes sold in Los Angeles, Orange, Riverside, San

Mar 07

Immigration Helps Strengthen US Housing Sector

Published in Santa Cruz Real EstateReal EstateCalifornia Economics by member364276 | Comment (0)

Increasing demand from new arrivals to the United States is helping to strengthen the housing sector, according to a new report from the Mortgage Bankers Association analyzing the effects of immigration on real estate market trends.

“Immigrants are an important and growing source of demand that has bolstered housing markets in recent decades,” Prof. Dowell

Feb 28

Bay Area Real Estate Prices Predicted to Surge

Published in Santa Cruz Real EstateSanta CruzReal Estate by member364276 | Comment (0)

Almost every corner of the Bay Area is poised for robust home-price  appreciation this year in a surge that will outpace projected national growth,  according to a forecast from real-estate information site Zillow.com.

Looking at 245 Bay Area ZIP codes, Zillow projects that 244 will see home  values ratchet up by significant margins in 2013, with 27 ZIPs

Feb 20

Faster Foreclosures Help Bump Home Prices

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

Many states with faster foreclosure processes are seeing sharper increases in home prices.

There are exceptions. And other factors, such as job growth, are likely stronger drivers of home price trends, economists say.

But home price data generally show stronger price increases in states where courts don't have to approve foreclosures than in states where they

Feb 15

Bay Area Real Estate: Strongest January Sales in 6 Years

Published in Westside Santa Cruz Real EstateSanta Cruz Real EstateSanta CruzReal Estate by member364276 | Comment (0)

Turnaround trends continued apace in the Bay Area housing market last month with the strongest January sales in six years and the tenth straight year-over-year increase in the median sale price, a real estate information service reported.

A total of 5,501 new and resale houses and condos were sold in the nine-county Bay Area last month. That was down 28.4

Feb 12

California Real Estate: The Return of the Equity Sale

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

What has been reported nationally about the resurgent single-family housing market and the reasons for its recent growth spurt undoubtedly applies to California. Low inventory, rising median sales prices and a swarm of cash investors are just a few of the explanations, but it's important to remember that the local market is unique inits own right. From

Feb 06

2012 Home Prices: Largest Gain Since 2006

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

The CoreLogic Pending HPI indicates that January 2013 home prices, including distressed sales, are expected to rise by 7.9 percent on a year-over-year basis from January 2012 and fall by 1 percent on a month-over-month basis from December 2012, reflecting a seasonal winter slowdown. Excluding distressed sales, January 2013 house prices are poised to rise

Jan 28

California Foreclosures Fall to Lowest Levels Since 2006

Published in Santa Cruz Real EstateSanta CruzReal Estate by member364276 | Comment (0)

If California is a setter of future real estate trends -- as it has been in the past -- a report that foreclosures in the Golden State fell to the lowest level since 2006 is good news for the entire nation. According to San Diego-based DataQuick, the number of California homeowners pushed into the foreclosure process fell last quarter to the lowest level in

Jan 23

Sale of Existing Homes Slips 1% in December: Housing Inventory Remains Low

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

 

Sales of existing homes slipped 1 percent in the month of December as strict mortgage lending standards and scant inventory restricted sales, according to data on the latest real estate market trends released today by the National Association of Realtors.

Total existing homes, including single-family homes, townhomes, condominiums and co-ops declined

Jan 13

3 Tips for Selling Your Home in 2013

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

 

 

After years of declining home values and a buyers’ market, 2013 could be the year of the seller.

 

Though the situation varies by region, we’ve seen a glimmer of hope for sellers and the housing market in general over the past six months. Homes that didn’t move for a year started getting activity as buyers came off the sidelines, their confidence in the

Jan 09

Short Sales Surpass Foreclosures in California

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

When housing prices first went off the cliff, most mortgage lenders refused
to cut deals with homeowners, choosing instead to repossess homes on a
grand scale.

Five years and billions of dollars in losses later, many banks can't cut those deals fast enough, writing off large chunks of mortgage debt and even paying homeowners to move out.

In recent months,

Jan 04

Home Inventory Takes Center Stage as Foreclosures Fade

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)


Last week, the
 Journal reported that U.S. home prices are on track to post a yearly gain for the first time since 2006, according to one closely watched national price index.

Behind these price gains—which come as good news to millions of homeowners counting on the value of their houses to carry them into retirement, or those looking to sell or borrow

Dec 29

Westen Cities Lead The Pack On Home Price Recovery

Published in Santa Cruz Real EstateSanta CruzReal Estate by member364276 | Comment (0)

If you're looking for the source of this year's home price recovery, look West.

Western cities are recovering strongly after being hit hardest during the real
estate bust. The trend was confirmed Tuesday with the release of the
Standard & Poor's/Case-Shiller index of 20 large cities. The index
was down 0.1% in October from September but up 4.3% compared with

Dec 21

Bay Area Median Home Price Hits $550,000

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

 

Citing increased demand, strained inventory, record-low mortgage rates and robust investor interest, a real estate information service reported this month that Santa Clara County continued its rise in this fall.

DataQuick reported that the median home price in Santa Clara County rose to $550,000 in November, up 21.7 percent from $452,000 a year earlier.

Dec 16

Home Prices Predicted to Rise Through 2013

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

U.S. home prices will likely continue rising in 2013, according to the latest round of predictions from Freddie Mac. The government-controlled mortgage giant expects the U.S. house price index to rise by 2% to 3% in 2013.

On December 11, 2012, Freddie Mac published the latest installment of their U.S. Economic and Housing Market Outlook. The monthly report

Dec 10

The California Real Estate Landscape for 2013

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

Up-trending home prices are seen as a great sign by most people involved in real
estate, because they instill a sense of comfort that, financially
speaking, the market can return to the glory days prior to its collapse.
But the sad truth is, there are more factors than home prices that affect real estate's health, no matter how encouraging the rise may

Nov 28

Bay Area Remains Most Expensive Real Estate Market in US

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

The success of the technology industry and desirable location are continuing to
influence home listing prices in the San Francisco Bay Area, elevating it to one
of the priciest real estate markets in the country. Today, the Home Listing Report (HLR) revealing several of the country's most expensive real estate markets are in Northern California. Google,

Nov 20

Positive Real Estate Trend Continues: Sales, Prices, Confidence Up

Published in Santa Cruz Real EstateReal Estate by member364276 | Comment (0)

The latest real estate market trends show continued improvement with an increase in existing home sales and prices, and rising confidence among home builders, according to industry data released today.

Existing home sales rose 2.1 percent in October, while median home prices posted a year-over-year gain of 11.1 percent, according to a report released today

Nov 15

California Home Sales Hit 3 Year High

Published in Untagged  by member364276 | Comment (0)

California's real estate market bucked the typical fall slowdown
last month, with buyers snapping up pricier homes and sales roaring up 18% over
the prior month. Sales hit a three-year high for an October, rising 25% from the same month last year. The median sale price for a Southern California  home last month was $315,000, equal to September and up 17%

Oct 29

California Leads The Way Out of Sub-Prime Mortgage Crisis

Published in Santa Cruz Real EstateReal EstateCalifornia Economics by member364276 | Comment (0)

 

In the days leading up to the great recession, California led the country in subprime mortgage loans — reckless transactions that played a major role in the housing market bust, both here and throughout the rest of the country. However, a new RealtyTrac data report published in the San Francisco Chronicle shows the California housing market now

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