Existing Home Sales Rise As Bay Area Home Inventory Shrinks

Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January. This is the first time this has occurred since the period between July of 2005 and May of 2006 driving mortgage rates higher. National Average Home Price Up … [Read more...]

Consumer Confidence Rising, Bay Area Home Prices Expected To Follow

The U.S. economy continues to show signs of a rebound. According to the Census Bureau, Retail Sales climbed to $329 billion last month on a seasonally-adjusted basis, excluding automobiles. January's data marks the 18th time in 19 months that Retail Sales rose, a run that's increased total sales … [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...]

Home Buyers-Existing Home Sales Fall Creating Opportunity in the Bay Area

Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. Supply up- Sales Down The Existing Home Sales posted a 1 percent drop from May as the number of homes sold fell to a seasonally-adjusted, annualized 4.77 million units. It's the monthly … [Read more...]

Home Values Slide 19 Percent From Peak- Is that the Case Everywhere?

Home Values Slide 19 Percent From Peak- Is that the Case Everywhere?

Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency's Home Price Index. The Home Price Index is a government-sponsored home value tracker. The HPI report is the latest in a string of "falling home values" stories -- a trend that's troubling … [Read more...]

Mixed Housing News: Homebuilder Confidence Slips Creating “Deals” for Buyers

Homebuilder confidence is falling -- a good sign for buyers of newly-built homes. Homebuilder Monthly Survey According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It's the 5th time in 6 months that the index read 16 -- a figure exactly … [Read more...]

Tri Valley Pending Home Sales on the Rebound; First Time Home Buyers Opportunity for Tri Valley Home Buyers

Tri Valley Pending Home Sales on the Rebound; First Time Home Buyers Opportunity for Tri Valley Home Buyers

On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month, according to the National Association of REALTORS®. A "pending home sale" is defined as a home under contract to sell, but not yet closed. February's Pending Home Sales Index rebound breaks a 2-month losing … [Read more...]

New Home Sales Continue Decline- Opportunity Awaits

New Home Sales Continue Decline- Opportunity Awaits

Sales of newly-built homes plunged 17 percent to an seasonally-adjusted, annualized 250,000 units in February, and the supply of new homes rose to 8.9 months in February -- a 1.5 month jump from January. It's the lowest New Home Sales reading in recorded history, according to the Census Bureau, and … [Read more...]

The Time to Buy New Construction in the Bay Area

The Time to Buy New Construction in the Bay Area

Homebuilders are optimistic about the housing market this spring, relative to recent months. According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to … [Read more...]

Has the Train Left the Station? Purchasing Power Sunk 10% in the Bay Area Housing Market

Has the Train Left the Station? Purchasing Power Sunk 10% in the Bay Area Housing Market

Home affordability reached an all-time high in 2010's last quarter. Unfortunately for home buyers in California , it's been a different story since, however. As mortgage rates cratered, and with home values soft, the Home Opportunity Index reached its highest level in 20 years. The index is … [Read more...]