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Residential Real Estate Quiz: What Year Is It?
Here are your clues: Existing Home Sales increased 10.4% over the prior year. Home prices appreciate at 9.4% per year. Homes available for sale are at 6.4 months of supply. Is it: A) 1999 B) 2002 C) 2004, the height of our recent boom D) Right now If you guessed D), you are right! According to the ...
Statistics Show Majority of Counties in California Post Price, Sales Gains
Year to date, most counties in California have posted increases in sales and in median price. Days on market have declined in most counties as well. While this is great news for those of you who have postponed selling due to market conditions, it might be a good time to give me a ring. The time to put your ...
More Good News: Housing Industry Shows Continued Improvement
Pending Home Sales Hit 2 Year High: Contracts to purchase previously owned U.S. homes matched a two-year high in May, fueling optimism the housing market is poised for a recovery. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 5.9 percent to 101.1. ...
San Diego Housing Recovery Evident
Sellers, your ship is finally coming in! For some sellers, especially those who are considering a subsequent purchase, it's already arrived and you might want to consider getting on board. The local market is exhibiting distinct signs of improvement. San Diego County is not alone—housing industry improvements are being reported across the nation. Those of you who ...
The Best Time in Decades–Perhaps in Your Lifetime–to Buy Real Estate
Buying a home is a big step for many, particularly first time buyers. But now is not the time for indecision! If you have been thinking about it and doing a little research online, then make your move! Home affordability is higher than it's been in decades. Inventory has already begun to shrink--even below "normal ...
More Good News For Residential Real Estate Sales
According to a May 3rd, 2012 CNNMoney article, http://money.cnn.com/2012/05/03/real_estate/home-buying/?source=linkedin things are looking up for real estate and expected to get even better into 2013! The article, "Buying a Home Won't Get Much Cheaper," cites jobs growth, low mortgage rates and the falling number of distressed sales as key factors to an improved real estate market outlook. ...
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