California home prices remained almost flat in July but sales stalled as federal tax credits for buyers expired. The median price paid for a home last month was $268,000, down less than 1% from June, and up 7.2% from July 2009, according to MDA DataQuick of San Diego. The year-over-year increase was the ninth in [...]
Filed under: California Real Estate News, First-Time Homebuyer Tax Credit, Home Buying, Home Prices, Home Selling, Housing Market Trends on August 23rd, 2010 | Comments Off
The May increase to $305,000, compared with the same period a year earlier, reflects a shift in sales in the region. Purchases climb 7.2% as buyers rush to take advantage of tax incentives. The Southland’s housing market surged in May with the median home price soaring 22.5% from its year-earlier level as tax incentives for [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, Mortgage Rates on June 21st, 2010 | Comments Off
the 0.6% drop, less than expected, follows steeper declines in January and December. It comes KB Home reports a narrower loss in its first quarter. By Alejandro Lazo The Los Angeles Times The housing market stumbled anew in February as sales of previously owned homes fell for the third consecutive month and the number of [...]
Filed under: Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 24th, 2010 | Comments Off
The National Assn. of Realtors index of deals under contract fell to 90.4 from 97.8 in December. It’s 12.3% higher than January 2009. By Alejandro Lazo The Los Angeles Times In another sign that the U.S. housing recovery might be on a shaky foundation, the number of homes placed under sales contract fell 7.6% in [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 5th, 2010 | Comments Off
Alejandro Lazo The Los Angeles Times Sales of previously owned houses fell 17% in December, raising fears about recovery Sales of previously owned homes nationwide plunged steeply in December, raising concerns that the housing recovery could lose steam after government policies intended to support it expire in the spring. For now, California appears to be [...]
Filed under: California Real Estate News, Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Selling, Housing Market Trends, Market Update, Mortgage News, Mortgage Rates, National Real Estate News on January 27th, 2010 | Comments Off
Even if policy supports are ended, home affordability and shrinking inventory point to a sector on the mend. But don’t expect recent price increases to continue apace By James Cooper Business Week Click here to watch a video on the outlook of the housing market according to Business Week Magazine. The broad improvement in the [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Housing Market Trends, Market Update, National Real Estate News on December 11th, 2009 | Comments Off
Residential real estate market shows signs of gaining momentum, while manufacturing appears to lose steam By Dina ElBoghdady The Los Angeles Times The uneven nature of the economic recovery was on display again Tuesday with the release of mixed data on pending home sales, manufacturing and construction spending. The residential real estate market showed signs [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Home Buying, Housing Market Trends, Market Update, National Real Estate News on December 2nd, 2009 | Comments Off
The median sales price in Southern California rises 1.8% in October By Alejandro Lazo The Los Angeles Times Southern California’s housing market showed fresh signs of a comeback last month as first-time buyers took advantage of a federal tax credit aimed at keeping the fragile recovery on track. And the tax credit program, which was [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Market Update, National Real Estate News on November 18th, 2009 | Comments Off
Lower Prices Have Spurred Home Sales, but Looming Foreclosures and High Unemployment Are Clouding the Outlook The U.S. housing market has been in a slump for the past four years. When will it ever end? In recent years, real estate has proven as jittery and unreliable as any other market. The average U.S. home price [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Jumbo Home Loans, Market Update, National Real Estate News on November 18th, 2009 | Comments Off
If you fit the criteria and are considering buying another house in the coming year, you might want to speed up the process and close by the June 30 expiration date. By Kenneth R. Harney The LA Times Take a close, hard look at the new $6,500 federal tax credit for so-called move-up home buyers [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Home Buying, National Real Estate News, Tax Issues on November 16th, 2009 | Comments Off
