Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. Looking closer to home, here in Sacramento, that number is much greater.
The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale.
All 20 Case Shiller Index Markets Show Growth Read the rest of this entry »
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Tags: california, Case Shiller, dan tharp, dan the planner, Existing Home Sales, Home Appreciation, home prices, rent or buy, sacramento
The housing market recovery appears to turning the corner, but Sacramento is behind the curve and still playing catch-up.
According to the Federal Housing Finance Agency’s Home Price Index, home prices rose by a seasonally adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. Read the rest of this entry »
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Tags: california, dan tharp, dan the planner, Existing Home Sales, Existing Home Supply, FHFA, Home Price Index, HPI, mortgage, sacramento
One month after posting a multi-year high, the Pending Home Sales Index retreated to 99.3 in June — a strong reading in its own right.
At the same time, millions of homeowners find themselves underwater, unable to refinance and take advantage of these historic low rates.
There is help now – click here !
And more help maybe on the way – click here ! Read the rest of this entry »
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Tags: affordability, california, dan tharp, Existing Home Sales, Existing Home Supply, NAR, Pending Home Sales Index, PHSI, sacramento
Nevada, Arizona, Georgia and California post top state foreclosure rates in first half of 2012.
The number of U.S. homes receiving foreclosure notices topped one million through the first six months of 2012, according to RealtyTrac. California registered the nation’s fourth highest state foreclosure rate the first six months of 2012, with 1.56 percent of housing units with a foreclosure filing. Read the rest of this entry »
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Tags: california, dan tharp, Default Notice, Existing Home Supply, Foreclosures, RealtyTrac, sacramento
For that matter, is the Real Estate Market in California truly getting better?
84 U.S. Markets Improved In July, and the Wall Street Journal proudly called an end to the housing crisis, a declaration made without hedge, stating, “the housing bust is over.”
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Tags: affordability, california, dan tharp, dan the planner, Elizabeth Weintraub, Existing Home Supply, Improving Market Index, is housing market better, lower interest rate, NAHB, Pending Home Sales Index, sacramento
Sometimes, the housing data headlines tell just half the tale. The stories on May’s Housing Starts figures are proving to be a terrific illustration.
Tuesday, the Census Bureau released its monthly Housing Starts report. A “housing start” is a home on which construction has started.
The report is separated by property type with a separate count for single family homes such as detached residences and town homes; for multiple-unit homes such as 2-unit, 3-unit and 4-unit structures; and, for buildings of 5-units of more such as new condominiums. Read the rest of this entry »
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Tags: Building Permits, california, Census Bureau, Comstock, dan tharp, dan the planner, Existing Home Sales, Existing Home Supply, Housing Starts, sacramento
According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. Read the rest of this entry »
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Tags: 203K, dan tharp, Distressed Homes, fixer, Foreclosures, i want the best rate, mortgage, mortgage tips, RealtyTrac, rehab loan, sacramento, uppers
Recent data suggests that the U.S. housing market is in recovery. However, the data also shows this to be an uneven recovery.
According to the monthly S&P/Case-Shiller Index, for example, home values rose in three of 20 tracked markets between December 2011 and January 2012. 17 tracked markets showed home prices still in decline. Unfortunately, Sacramento is not one of the 20 markets tracked, but you can gleam a general trend from this report. Read the rest of this entry »
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Tags: california, Case-Shiller Index, dan tharp, dan the planner, Distressed Homes, Existing Home Sales, Existing Home Supply, home prices, mortgage, sacramento
The new construction housing market appears primed for growth this season.
According to the Census Bureau, the number of single-family building permits issued in February rose to 472,000 on a seasonally adjusted, annual basis, marking the highest building permit tally since April 2010 — the last month of that year’s federal home buyer tax credit program.
Building permits are a pre-cursor to new home construction. Read the rest of this entry »
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Tags: Building Permits, california, Census Bureau, dan tharp, dan the planner, Existing Home Sales, Housing Starts, mortgage, sacramento
New construction buyers in Sacramento , look out. The nation’s home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches.
It’s not time to bring out the balloons and good china yet, as the housing market’s health has a long way to go. To put this in perspective, the current pace is less than half the rate in which those homes went up during the 1990s. Hopefully, this is emblematic of a gradual and sustained growth (and recovery). Read the rest of this entry »
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Tags: california, dan tharp, dan the planner, Homebuilder Confidence, Housing Market Index, mortgage, NAHB, sacramento
