Tag Archive: sales volume

August 2012 Sales Rally Video is UP!

Our 2012 Sales Rally for all offices was recently held at the Double Tree Hotel in Ontario, led by Lance Martin with special guests from Chase Mortgage. Great info on the state of the market, challenges that the industry and homeowners are facing, as well as where we think things are going. Watch this video …

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Housing Affordability at All-Time Highs

Bear with me on these numbers: they are meaningful to local home buyers and sellers alike. One of the most meaningful calculations The National Association of Realtors® makes is the Housing Affordability Index. An Index value of 100 means that the average (actually, ‘median’) family’s income is exactly the right amount to qualify for a …

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Home Bulk Sales Will Destroy the Market

Home Owners, Prospective Buyers, Rental Owners, and Real Estate Agents/Brokers please read this article!
Its absolutely critical to understand some new developments being enacted by our government right now and how it will effect the real estate market.
There is critical regulations taking effect regarding allowing large bulk sales of properties to major equity fund groups that …

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Shadow inventory remains unchanged at 1.6 million

National home prices continue to be pressured by a stream of distressed properties that threaten to push prices even lower, a CoreLogic report said Wednesday.
The nation’s shadow housing inventory stood at 1.6 million units, or a 5-month supply, in October, suggesting little movement in the past six months.
That number remains consistent since July, but is down from …

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Baby Boomers and the Real Estate Market

Check out this video from NBC, an interview with Budge Huskey, COO of Coldwell Banker. He discusses the market, and baby boomers specifically and what they are doing in the Real Estate Market these days.

Homeownership rate experiences biggest drop in 70 years

According to information from the Census Bureau, home ownership has experienced its largest drop in 70 years, going from 66.2% in 2000 to 65.1% in 2010. This decline is despite the fact that the country has added 15.8 million homes, an inventory increase of 13.6%. South Carolina experienced the worst drop (2.8%). Nevada and California …

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Legislation in the works to rent out foreclosed properties

A bill was recently introduced in the senate that would push banks such as Fannie and Freddie to subsidize and rent out foreclosed properties; either back to the existing occupant or out to the general public.
This concept is not new, it floated up in 2009 when the Obama administration was tossing out moratoriums and plans …

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Home sales rising in Southern California

Reports from Dataquick released today showed that home sales in Southern California climbed in June to the highest level seen since June 2010. Last year’s spike was mainly due to an bump from the tax credit program that the government put out. The leader in the recent activity was the lower priced homes, with the …

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California home sales rise 12% in May

home-sales-rising

While the rest of the nation suffered from a decline (15.3%! according to NAR) in overall home sales, California was quite the opposite. Sales were up 12% in May over the previous year’s sales volume, according to CAR.  Distressed homes still make up at about half of all transactions. If you are thinking of buying …

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