Inventory Down to 1 Month- Existing Home Sales Approach Bull Market Territory

Inventory Down to 1 Month- Existing Home Sales Approach Bull Market Territory

The housing market finished 2011 with strength, and is carrying measurable momentum into 2012. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to … [Read more...]

Will Bay Area Home Values Rise This Year? Foreclosure Filings Fall To 49-Month Low

Will Bay Area Home Values Rise This Year? Foreclosure Filings Fall To 49-Month Low

Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior. Not since November 2007 has foreclosure activity been this sparse across the country. The drop does not … [Read more...]

New Home Sales Approach Bull Market Territory- Pleasanton Home Buyers Act Now

New Home Sales Approach Bull Market Territory- Pleasanton Home Buyers Act Now

New home inventory is approaching bull market territory. According to the Census Bureau, the number of new homes sold rose 2 percent in November. On a seasonally-adjusted, annualized basis, home buyers bought 315,000 newly-built homes last month. November New Home Sales November's New Home … [Read more...]

Surge in Octobers Housing Strength- Danville, CA “Deals” Running Thin

Surge in Octobers Housing Strength- Danville, CA “Deals” Running Thin

  If you're waiting for Danville CA home prices to reach its bottom, you may have missed your window. Best Housing Number Since the Home Buyer Tax Credit Expiration After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the … [Read more...]

New Home Supplies Fall- Dublin, CA Home Buyer’s Look for Your “Deal” Now!

New Home Supplies Fall- Dublin, CA Home Buyer’s Look for Your “Deal” Now!

  If you plan to buy of new construction in Dublin, CA sometime in 2012, don't expect today's low prices and home affordability. Like everything in housing of late, the market for newly-built homes appears to be stabilizing and, in some markets, improving. As foreshadowed by this month's … [Read more...]

Is There Truth In September’s Housing Starts Report? Single Family Homes Struggle

Is There Truth In September’s Housing Starts Report? Single Family Homes Struggle

Headlines in newspapers can be misleading -- especially with respect to housing figures. Media coverage of the most recent Housing Starts data serves as an excellent illustration. Housing Starts Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said … [Read more...]

Can You Still “Negotiate” a Great Deal in the Bay Area Housing Market?

Can You Still “Negotiate” a Great Deal in the Bay Area Housing Market?

Homebuilder confidence is rebounding sharply. Just one month after falling to a multi-month low, the Housing Market Index rebounded four points to 18 for October. It's the highest reading for the HMI since May 2010 -- the month after last year's homebuyer tax credit expiration. Housing Market … [Read more...]

Home Values Rose For the 4th Straight Month- Or Did They?

Home Values Rose For the 4th Straight Month- Or Did They?

The government is confirming what the private sector has already shown --  home values are on the rise. The Federal Home Finance Agency's Home Price Index shows home values rose 0.8% in July. July marks the fourth straight month that home values climbed and the FHFA's Home Price Index is the … [Read more...]

New Home Sales Figures Better Than Reported- Home Buyers Sense Deals

According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month. August marked the lowest new home sales tally since February. … [Read more...]

Homebuilder Confidence Keeping it a Home Buyers Market in Dublin, CA

Homebuilder Confidence Keeping it a Home Buyers Market in Dublin, CA

Homebuilders are feeling worse about the market for new homes nationwide. With construction credit tight and competition from foreclosures increasing, the National Association of Homebuilder's Housing Market Index slipped 1 point in September, falling to levels just below the index's 12-month … [Read more...]