Today's real estate market is quite different

Without a doubt, historically low mortgage rates have, in a de facto sense, extended the first time home buyer credit. Also, the billions allocated to residential properties via extraordinary and unprecedented actions of large funds, distorts comparisons.
Today, there is an increased use of HAMP/HARP, etc programs, as well as seniors using reverse mortgages to buy both primary residences, as well as investment properties. So, apples to apples is a bit more complicated.

California Housing Market

California Housing Market

San Diego Real Estate broker - http://www.brokerforyou.com/

California Housing Market

The National Association of Homebuilders just released a report listing US housing markets showing measurable and sustained improvement from their respective market troughs in housing permits, employment and house prices for at least six consecutive months.

This latest report includes 73 metro areas that held their position on the list from last month as well as 11 new metro areas.

It's speculated that the modest improvement in this improving market index indicates that individual housing market are regaining their footing despite some recent reports of weakening in the broader economy.

Now, for an inside take on this report, which I estimate the vast majority of news outlets won't mention, is that when one looks at the individual markets noted in the National Association of Homebuilders Improving Market Index, of the 84 metro areas listed, just one is in California!

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Bob Schwartz, San Diego real estate broker - CA Lic. # 00706331

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San Diego 2012 Real Estate Outlook

San Diego 2012 Real Estate Outlook

San Diego Home Forecast 2012 - Opinion on the 2012 San Diego real estate outlook. Why San Diego home values, will still be in decline through at least the first half of 2012. brokerforyou.com Bob Schwartz is a San Diego real estate broker with 30+ years experience. If you own a San Diego home or are planning purchasing San Diego real estate Bob's San Diego 2012 real estate outlook is a must read. View the full post at:   San Diego real estate

California Real Estate Turnaround?

According to the Los Angeles County Economic Development Corp. report released last week, California home prices and sales volumes will also slide into 2009, while some areas of the state experience an even more prolonged downturn.

Jack Kyser, chief economist of the Los Angeles County Economic Development Corp, said:
"The housing pains there will remain, probably until 2010."
The statewide median home price last month was down about 17 percent from a year earlier and 5 percent from December, according to DataQuick Information Systems. The statewide median price peaked last spring.
In San Diego, most insiders will agree that the top of the housing market was the summer of 2005.
Century 21 San Diego Realtor