Tag >> Real Estate

Mar 12

California Real Estate: Not So Distressed

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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

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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

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Jan 14

2014 Will Be the Year to Sell Your Home!

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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?

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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

Dec 27

California Short Sales Get Extended Relief

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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"

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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

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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

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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

Nov 07

2014 Real Estate Forecast: Experts Give Their Opinions

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Christopher Thornberg, economist and founder of Beacon Economics:

Christopher Thornberg

Christopher Thornberg

"Fundamentals are improved. Corporations are making money. Income is rising at a better pace. Real estate is starting to turn the corner," he said. "The biggest problem we have are with our leaders in Washingotn, D.C., who seem disparate to upset the apple cart at some

Oct 11

2014 California Real Estate Forecast: Larger Inventory, Higher Prices

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It's not breaking news that the California housing market is heating up, but now the California Association of Realtors is confirming it on the record, predicting that the trend will continue upward into 2014.

 

In its latest forecast, CAR predicts primary home buyers will make a comeback after a period of tough competition with investors for what has been a

Oct 04

Tips on Selling Your Home in Today's Market

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<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-PV2ICuS6IlQ/TdQBkF7YSOI/AAAAAAAAAFQ/4PzCyMhK7GY/s1600/Home+for+sale.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-PV2ICuS6IlQ/TdQBkF7YSOI/AAAAAAAAAFQ/4PzCyMhK7GY/s320/Home+for+sale.jpg"

Sep 05

Top 10 List for Highest Home Value Increases

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This list shows how single-family home prices changed from July 2012 to July 2013. These rankings are based on a repeat-sales index that tracks increases and decreases in sales prices and includes distressed sales.

1. Los Angeles-Long Beach-Glendale, CA +22.62%

The Southland housing market includes the cities of Los Angeles, Long Beach and Glendale,

Aug 30

Bay Area Housing Hits a Peak in July

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The Bay Area's housing market staged a breakthrough in July, reaching the highest level of sales for any month in nearly seven years, according to a report Thursday. The housing recovery has been bogged down by a lack of inventory. This month's report indicates that is no longer the case, as sellers respond to double-digit price increases.

 July's median

Aug 15

Southern California Home Market Cools Off, Prices Flaten

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 The red-hot Southern California housing market finally got a dose of cold water. 

 The region's median home price in July remained flat from a month earlier,
at $385,000, real estate firm DataQuick said Wednesday. The figures
followed a record-setting June, when the median price rose 4.6% over the
previous month and 28% year-over-year, the highest

Jun 14

Salinas Real Estate Heats Up

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For the Monterey County real-estate industry, it’s game on. Key indicators across the board are showing a vibrancy not seen since the financial market crash of 2008.

More homeowners are seeing equity return as fewer mortgages are underwater. Home sale prices are back to within a whisker’s width of where they were in 2008 at the start of the real-estate

Jun 02

California Real Estate Forecast for Summer 2013

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Are you finally off the fence and doing a little home shopping? As the market heats up and sellers regain control, here are a couple of trends to consider.

Low mortgage rates

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently hovering near historic lows, at 3.78 percent. And while rates have crept up this past week, they're not going

Mar 13

Investors Keep SOCAL Housing Market Strong

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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

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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

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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

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