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.

Jun 27

The Growing Use of Social Media in Home Searches

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

 

 

Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 Survey of California Home Buyers.”

More than three-fourths of home buyers used social media in their home search, up from 52 percent who

Jun 04

Profits Return to California Home Owners

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

 

Rising home prices have hiked more California homes into positive equity and increased the percentage of home owners making a profit from home sales, according to California Association of Realtors' data.

The association reported 88.4% of home sellers left closing tables with money in their pockets in April. This is the highest percentage of money making

Jun 04

Profits Return to California Home Owners

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

 

Rising home prices have hiked more California homes into positive equity and increased the percentage of home owners making a profit from home sales, according to California Association of Realtors' data.

The association reported 88.4% of home sellers left closing tables with money in their pockets in April. This is the highest percentage of money making

May 20

Underwater Mortgages Still Haunt Some US Households

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

 

Nearly 10 million U.S. households remain stuck in homes worth less than their mortgage and a similar number have so little equity they can't meet the expenses of selling a home, trends that help explain recent sluggishness in the housing recovery.

At the end of the first quarter, some 18.8% of U.S. homeowners with a mortgage—9.7 million households—were

May 13

China's Real Estate Bubble Begins to Burst

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

 

Late yesterday China released its April economic data and here’s the tale it tells of the property sector is of concern. New starts contracted 15% year on year (vs. -21.9% in March), property sales fell 14.3% year on year (vs. -7.5% in March); and land sales (by area) fell 20.5% year on year (vs. -16.9% in March). This chart is from Society Generale:

 

 

 

The

May 13

China's Real Estate Bubble Begins to Burst

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

 

Late yesterday China released its April economic data and here’s the tale it tells of the property sector is of concern. New starts contracted 15% year on year (vs. -21.9% in March), property sales fell 14.3% year on year (vs. -7.5% in March); and land sales (by area) fell 20.5% year on year (vs. -16.9% in March). This chart is from Society Generale:

 

 

 

The

May 08

Cash Is King In Today's Real Estate Market

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


 


One in three buyers of U.S. homes is paying cash, a record high number, according to data made available to McClatchy. The trend is being driven by retiring baby boomers and rich investors, who unlike most first-time buyers can bypass tighter lending requirements to pay cash. They now rule the roost, composing record percentages of residential home sales.

 

Apr 30

California Real Estate Bubble Watch on High Alert

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


An influx of foreign buyers and Internet money could be creating conditions for another bubble in California's housing market, says one real estate expert.

Kathy Fettke, CEO and co-founder of The Real Wealth Network, told J.D. Hayworth and John Bachman on "America's Forum" on Newsmax TV that she is "concerned" by what she is seeing in California's real
Mar 28

Real Estate Investing: Risks VS Rewards

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

With limited knowledge that the real estate market has tanked over the last several years, you might be hesitant to pull the trigger to make what should be an excellent investment today. With some fortitude and patience, today is likely the best opportunity you’ll have in your lifetime to make a hefty profit from a real estate investment.

Generally, your

Mar 28

Real Estate Investing: Risks VS Rewards

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

With limited knowledge that the real estate market has tanked over the last several years, you might be hesitant to pull the trigger to make what should be an excellent investment today. With some fortitude and patience, today is likely the best opportunity you’ll have in your lifetime to make a hefty profit from a real estate investment.

Generally, your

Mar 12

California Real Estate: Not So Distressed

Published in Real Estate by member364276 | Comment (0)

Vastly improved home prices over the past five years have changed the landscape of California's distressed housing market, which is now just a fraction of what it was during the Great Recession, the California Association of Realtors said today.

In January 2009, 69.5 percent of all homes sold in California were distressed, which includes short sales and

Feb 19

Rising Rents Keep California Affordability Low

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

A combination of rising rents and falling government aid for affordable housing has dealt a blow to California's lower-income residents, according to a new study. Nearly 1 million extremely-low-income California households lack affordable, habitable homes, a need most pronounced in Southern California, a report released Tuesday found.

The foreclosure crisis
Feb 05

Monterey County Real Estate Retuns to the Fundamentals

Published in Real Estate by member364276 | Comment (0)
Jan 14

2014 Will Be the Year to Sell Your Home!

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

 

Patience seems to have paid off for those who’ve postponed putting their homes on the market until this year, real estate analysts say. They stand to pocket the kind of profits not seen since the housing boom.

Prices surged more than 10% in many markets last year, bidding wars are once again common, and homes are routinely going for well over the asking

Jan 09

Is Now a Good Time to Sell?

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



The housing market’s recovery has been shoring up the U.S. economy, but it is still challenging for homebuyers, according to real estate market trends tracked by a new survey conducted by real estate brokerage Redfin.


Now is an advantageous time to sell, say two-thirds (65 percent) of 468 Redfin agents surveyed in the fourth quarter. This is down from 72

Jan 03

Looking Into the 2014 Crystal Ball

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

 

Home prices got off dead center as early as February, and climbed like the California Screamin’ roller coaster ride at Disney California Adventure Park. Unpredicted price escalation took hold for the rest of the year.

 

Foreclosure filings took a steep fall. The market rumbled toward recovery, despite pinched inventory and hairpin turns.

 

Thanks to the

Dec 27

California Short Sales Get Extended Relief

Published in Real Estate by member364276 | Comment (0)

 

Distressed California homeowners can breathe a sigh of relief.

Those who decide to short sale their home — or sell it for less than is owed to the lender — don’t have to pay state tax on the mortgage debt.

 In January, Congress extended the federal Mortgage Forgiveness Debt Relief Act of 2007 giving thousands of homeowners a break on having to pay taxes on

Dec 17

Southern California November Real Estate Sales: "Underwhelming"

Published in Real Estate by member364276 | Comment (0)

 

Southern California home sales plunged in November, falling with a 10.4 percent thud across Riverside County and by the same percentage in the entire six-county region, the latest report from San Diego-based DataQuick said.

DataQuick president John Walsh called the performance “underwhelming.”

The month was far from flamboyant by DataQuick president John

Dec 11

5 Positive Trends for Bay Area Real Estate in 2014

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

 

The good feelings generated by many swollen bank accounts in Silicon Valley's real estate industry should spread to more markets next year, while the Bay Area continues to reap the benefits of a strong local economy.

That was one takeaway from this year's presentation of Emerging Trends in Real Estate 2014, the closely watched survey of real estate

Dec 03

Home Prices Gained Less Than 1% in October

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

 

CoreLogic a leading residential property information, analytics and services provider, today released its October CoreLogic Home Price Index (HPI(®)) report. On a month-over-month basis, including distressed sales, home prices increased by only 0.2 percent in October 2013 compared to September 2013*. Year over year, home prices nationwide, including

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