Tag >> Santa Cruz Real Estate

Jul 30

Home Appreciation Update: Moderate

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table

 

The Case-Shiller data for May 2014 came out this morning, and based on this information and the June 2014 Zillow Home Value Index (ZHVI, released July 20th), we predict that next month’s Case-Shiller data (June 2014) will show that both the non-seasonally adjusted (NSA) 20-City Composite Home Price Index and the NSA 10-City Composite Home Price Index

Jun 27

The Growing Use of Social Media in Home Searches

member364276 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

member364276 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

member364276 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

member364276 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

member364276 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

member364276 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

member364276 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

member364276 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

member364276 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

member364276 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

Feb 19

Rising Rents Keep California Affordability Low

member364276 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
Jan 14

2014 Will Be the Year to Sell Your Home!

member364276 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?

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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

Jan 03

Looking Into the 2014 Crystal Ball

member364276 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 11

5 Positive Trends for Bay Area Real Estate in 2014

member364276 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

Nov 17

Your Local Real Estate Minute: How to Save Thousands on the Sale of Your Home

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

 
Below is a link to my most recent episode of "Your Local Real
Estate Minute" with 3 quick tips that could save you thousands of dollars
on the sale of your home:



 Your Tube Link: http://www.youtube.com/watch?v=bt7okPRpScI



Nov 14

Looking Into The Crystal Ball: Real Estate Trends for 2014

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

 

If the real estate recovery is a baseball game, we're in the fourth or fifth inning.

 

So what will the rest of the game look like?

 

Experts from the Urban Land Institute unveiled their view of how the rest of the recovery will play out in their Emerging Trends in Real Estate report, released this week at the land use and planning nonprofit's annual

Nov 07

2014 Real Estate Forecast: Experts Give Their Opinions

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

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

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

 

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

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