The median home price in California will rise 3.3 percent to $280,000 in 2010 compared with a projected median of $271,000 this year, according to C.A.R.’s “2010 California Housing Market Forecast,” presented today at CALIFORNIA REALTOR® EXPO 2009 in San Jose. Sales for 2010 are projected to decrease 2.3 percent to 527,500 units, compared with [...]
The latest figures from ForeclosureRadar show that the number of distressed filings in California, one of the worst hit states in the country, fell in August. Notices of default in California, which is the first step in the foreclosure process, dropped from July to 36,396 filings, a monthly dip of 19.1% and a 14.2% decrease [...]
The National Community Reinvestment Coalition (NCRC) filed a consumer protection complaint to the Federal Trade Commission alleging Zillow.com is misleading consumers, real estate professionals and financial service providers. Humm, I don’t know too many consumers, real estate professionals and financial service providers that put much stock in home prices by Zillow.com or other on-line valuation [...]
Home sales continue upward in Nevada County, increasing by 7% for the period April, May and June of this year compared to the same period last year. Nationwide, they have continued upward for the fifth consecutive month, the first time in six years for such a streak, according the National Association of Realtors®
Well, you can get a room full of economists and get a room full of different opinions. But according to USA Today it seems that two-thirds of the economists agree that we may have hit bottom. Here’s the article, let’s let a little sunshine in. “Economic recovery is still a few months away, say economists [...]
While there may be another storm of foreclosures on the horizon, at least for now there are some signs of recovery for our housing market. California is the bell weather of the economy for the nation. Any sign that the housing market in California is recovering is a sign that the economy is recovering. It’s [...]
This is an interior picture of a listing for a three bedroom, two bath home which will save you travel time and gas for Sunday services. Here in Nevada County, while there were almost the same amount of sales in April of this year compared to last year, the pending sales are way up. Potential buyers in areas [...]
Another indicator that we may be nearing the bottom of the housing market is builder confidence in April made its most dramatic increase in nearly seven years, according to an industry report. According to CNN Money “The Housing Market Index, a survey-based measurement of sales, as well as sales expectations, rose by more than 50% [...]
