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“Once a common home buyer’s dream, new homes have lost some of their appeal. Instead, it’s fixer-uppers and foreclosures that have been capturing buyers’ attention, creating a window of opportunity for those still looking for new construction.”
“Last week, Blanca Torres of the San Francisco Business Times, wrote an interesting blog about the relatively high rate of vacant homes in San Francisco. After analyzing the 2010 U.S. Census data, she surprisingly discovered that San Francisco had the highest percentage of vacant homes in the Bay Area.”
“The median price of a home in the Coachella Valley between April 2009 and February of this year jumped 26.8 percent — from a low of $156,060 to $197,820.”
“Between the recent report that sales of new homes hit a record low in February and this week’s news that 19 of the 20 largest metro areas tracked by the Standard & Poor’s/Case-Shiller home price index saw a price slump in January, it hasn’t exactly been a stellar few weeks for the housing market.”
“Lately, I’m finding that lots of my successful – non-real estate investor – friends are wanting to get their foots in the door with real estate investing. This is a sign that the tides are turning because “real” investors are wanting to get in on the deals!
“After the steep drop in the housing market revealed cracks in the decades-held belief that there was minimal financial risk in owning a home, does it still make sense to buy a house?”
“If you’re a squeamish homeowner, you probably can’t bear to follow the housing news anymore. Home prices have fallen by more than 30 percent over the last five years, yet the pain still isn’t over: After a respite when it looked like the bust was ending, price declines have been accelerating once again. Sales are abysmal, despite the lowest interest rates in a generation.”
“For the 22 business days ending March 7 – DataQuick’s freshest homebuying stats — these sales trends appear in Irvine ZIPs …
“Orange County builders, who are always in search of finished lots, are saying that housing inventory is tight. But is it really?”
“More people are moving to start new jobs as hiring improves, but the slumping housing market is hampering some job seekers who own homes they can’t easily sell.”
Get on The Real Estate Love Train with Uncle Tony! |
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