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
By Alejandro Lazo The Los Angeles Times But January’s year-over-year increase to $271,500 is a 6.1% drop from December. Total sales climb about 1% from a year earlier. Home sale prices in Southern California showed fresh strength in January, bouncing 8.6% from the same month one year earlier – a period when the market was [...]
Filed under: California Real Estate News, Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update on February 17th, 2010 | Comments Off
By Jim Puzzanghera The Los Angeles Times About 4 million U.S. homeowners are 90 days or more delinquent on their loans or in foreclosure proceedings, Moody’s Economy.com says. A federal loan modification program is helping a relative few. Reporting from Washington – Experts fear that a new wave of foreclosures will hit this year as [...]
Filed under: Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Home Prices, Housing Market Trends, Jumbo Home Loans, Lending Info, loan modification, Mortgage News, National Real Estate News, Problem Solving, Refinancing on February 17th, 2010 | Comments Off
By E. Scott Reckard The Los Angeles Times The average interest has remained just above or just below 5% so far this year, but the end of Federal Reserve mortgage bond purchases is expected to bump up rates about half a percentage point. Average interest rates for traditional 30-year fixed mortgages have fallen below 5% [...]
Filed under: Economic Recovery, Federal Housing Regulations, Home Buying, Home Prices, Lending Info, loan modification, Mortgage News, Mortgage Rates, National Real Estate News, Refinancing on February 17th, 2010 | Comments Off
Alejandro Lazo The Los Angeles Times The number sold in the state drops 23.8%, for a fourth year of decline in a row. Sales of California homes priced at $1 million or more tumbled for a fourth consecutive year in 2009, according to a report released Thursday. The number of million-dollar-plus homes sold dropped 23.8% [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Prices, Home Selling, Housing Market Trends, Jumbo Home Loans, Market Update on February 5th, 2010 | Comments Off
Alejandro Lazo The Los Angeles Times A National Assn. of Realtors gauge of future home purchases increases 1% to 96.6 in December compared with a month earlier. Contracts for home purchases in December eked out a gain over the prior month, according to data out Tuesday, one sign that the U.S. housing market might muddle [...]
Filed under: Economic Recovery, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on February 3rd, 2010 | Comments Off
The December figure is up 1.1% from the previous month and a 6% increase over a year earlier Alejandro Lazo The Los Angeles Times California home prices ticked up 1.1% in December from the previous month, continuing a slow but steady improvement for the state’s housing market, according to data released Thursday. Home sales have [...]
Filed under: California Real Estate News, Economic Recovery, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update on January 22nd, 2010 | Comments Off
Bloomberg News Federal Reserve Chairman Ben S. Bernanke said that the central bank’s low interest rates didn’t cause the last decade’s housing bubble and that better regulation would have been more effective in limiting the boom. “The best response to the housing bubble would have been regulatory, rather than monetary,” Bernanke said Sunday in remarks at [...]
Filed under: Economic Recovery, Home Prices, Housing Market Trends, Lending Info, Market Update, Mortgage News, Mortgage Rates, National Real Estate News on January 4th, 2010 | Comments Off
Compared to last year at this time… One cannot help but notice that, despite the looming dark clouds on the horizon of foreclosures and unemployment, the momentum has definitely shifted from the financial meltdown that occurred in November of ’08. Is the market making a come back? Have prices bottomed? It all depends. It depends [...]
Filed under: Home Prices, Housing Market Trends, Local LA Real Estate News, Market Update, Micro Market Analysis on December 21st, 2009 | Comments Off
By Michael Edlen The Palisadian-Post As of November 30, there were 120 single-family Pacific Palisades residences listed in the Multiple Listing Service, which is 18 percent lower than a month ago. So far this year, 161 Palisades homes have sold, and there are currently 39 homes in escrow. The current level of inventory is also [...]
Filed under: Home Prices, Housing Market Trends, Local LA Real Estate News, Market Update on December 14th, 2009 | Comments Off
