The number of people who signed contracts to buy homes jumped in October, marking the third gain since contract signings hit a decade low.
The National Association of Realtors said Thursday its index of sales agreements for previously occupied homes rose 10.4 percent in October. Contract signings were up in every region of the country except the West.
Filed under: Housing Market Trends, Market Update, National Real Estate News on December 2nd, 2010 | Comments Off
Fading government stimulus and waning buyer enthusiasm caused Southern California’s housing market to soften in August — but not as badly as earlier in the summer. The median price for a Southland home in August dropped 2.4% from the month before to $288,000, the third consecutive month-to-month drop for the closely watched indicator, San Diego [...]
Filed under: California Real Estate News, Economic Recovery, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, La Times, Local LA Real Estate News, Market Update on September 16th, 2010 | Comments Off
The end of a popular government stimulus program drove home sales in July to their lowest levels in more than a decade, fueling fresh concerns about the economic recovery. Home sales fell 27.2% nationwide from a month earlier, the National Assn. of Realtors reported. That was a much bigger drop than expected, as the boost [...]
Filed under: Home Prices, Housing Market Trends, La Times, Market Update on August 27th, 2010 | Comments Off
BOSTON — Homeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released Tuesday, possibly debunking predictions of a huge wave of defaults to come. The State Foreclosure Prevention Working Group warned of other troubling signs, however, on the same day that [...]
Filed under: Home Buying, Housing Market Trends, Lending Info, loan modification, Market Update, Mortgage News, National Real Estate News on August 27th, 2010 | Comments Off
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
Real estate deals in which lenders agree to take less for a property than the balance on the mortgage have tripled since 2008, a report says. Sales of homes for less than the amount of their outstanding mortgage debt have tripled since 2008, particularly in California and the Sunbelt, according to a report released Tuesday. [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Prices, Home Sellers, Housing Market Trends on August 11th, 2010 | Comments Off
Housing starts fall 5% overall from May, single-family home construction is down 0.7% and apartment construction declines nearly 20%, the government says. It’s the latest sign of trouble in the housing market. New residential construction dropped in June, another indication that the U.S. housing market is struggling. Housing starts fell 5% in June from May, [...]
Filed under: California Real Estate News, Home Buying, Housing Market Trends, National Real Estate News on July 23rd, 2010 | Comments Off
Homeowners who owe so much on their mortgages that they can’t refinance may want to consider bringing some money to the table to take advantage of today’s near record-low interest rates. That’s what Frank Nothaft did. And he isn’t alone. Millions of people in recent months have become part of a phenomenon known as “cash-in” [...]
Filed under: Economic Recovery, Housing Market Trends, Market Update, Mortgage News, Mortgage Rates, Refinancing on July 12th, 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
Case-Shiller index of 20 metro areas shows prices up 2.3% in March from a year earlier. But they fell 0.5% from February. The mixed reading leaves economists disagreeing over where the market is headed. Home prices in 20 major cities gained ground in March for the second consecutive month compared with their beaten-down year-earlier levels, [...]
Filed under: California Real Estate News, Economic Recovery, 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, National Real Estate News on May 26th, 2010 | Comments Off
