The cover story of last month’s Barron’s Magazinediscussed the Millennial generation and the impact they will have on the economy including the housing sector. There have been many contrasting views about this age group and their feelings on whether or not homeownership is a part of their personal American Dream. Here are few questions about this generation that [...]
Tag Archives: housing market
Equity Sales in California Hit Five-Year High
The share of equity sales rose to their highest level in five years in March, while California pending home sales climbed from the previous month, C.A.R. reported this week. C.A.R.’s Pending Home Sales Index (PHSI) rose 14.8 percent from a revised 110.1 in February to 126.3 in March, based on signed contracts. Pending sales were [...]
FHFA extends HARP to 2015
FHFA extends HARP to 2015 The Federal Housing Finance Agency (FHFA) recently directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP) by two years to Dec. 31, 2015. The program was set to expire Dec. 31, 2013. In addition, FHFA will soon launch a nationwide campaign to inform homeowners about [...]
Vacation Home Sales Rise in 2012
The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are 7.9 million vacation homes in the U.S. Their 2013 Investment and Vacation Home Buyers Survey shows vacation home sales improved in 2012. NAR Chief Economist [...]
A Good Reason to Sell Your House Today in North San Diego County!
Demand for Real Estate is Much Stronger This Year When selling anything, owners can only hope there is a strong demand for that which they are selling. The great news for today’s home sellers is that the current housing market is experiencing a stronger demand than we have seen in some time. The spring housing market of 2013 [...]
Two Additional Experts Upgrade their Pricing Forecast
As reported last week, several analysts had upgraded their projections for home price appreciation in 2013. A few days later, the Wall Street Journal revealed that two additional analysts had also upgraded their forecasts. Zelman & Associates “Ivy Zelman, chief executive of research firm Zelman & Associates, said Wednesday she was now expecting prices to [...]
Homes Are Flying Off the Market
Bloomberg Businessweek; by Karen Weise This is, many people will tell you, a “Big Week for Housing Data” as a deluge of new statistics come out about how housing markets fared in February. Amid the flood of figures, one overlooked data point is crucial in understanding the state of the market right now. The housing [...]
3 Financial Reasons to Buy a Home NOW!
We are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasing and rents are skyrocketing. Prices Are Rising at an Accelerated Rate The price of a home is the major consideration when deciding whether or not it [...]
What’s Up with the Housing Inventory?
It’s All About Supply and Demand Definitions of Supply and Demand: Dictionary.com In classical economic theory, the relation between these two factors determines the price of a commodity. This relationship is thought to be the driving force in a free market. As demand for an item increases, prices rise. When manufacturers respond to the price increase [...]
