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Tag Archives: Existing Home Sales

Does Zillow Work?

What is my home worthDoes Zillow work, and will it give you a good approximation of the market value for the home you want to buy, or sell?

My simple answer – “Sometimes it’s close and sometimes it’s not even on the same planet.”  While Zillow offers many services, it is primarily known as a free website to help folks obtain a property value, without paying for an actual appraisal. It brings out the Curious George in all of us!

Below, I will show you a few Zillow estimates and then compare them with an actual appraisal. Read the rest of this entry »

 
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Posted by on November 5, 2013 in Home Buyer Tips, Home Financing Tips

 

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Home Prices Accelerate In 2013 Big Time!

Case Shiller Index February 2013 Shows Home Prices AcceleratingLast 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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Posted by on April 3, 2013 in Housing Analysis

 

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California Home Values up 4% – What About 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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Posted by on August 28, 2012 in Housing Analysis

 

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HELP For Homeowners Underwater and What About New Homebuyers?

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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Posted by on July 27, 2012 in Housing Analysis

 

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Housing Starts Up 26% Over Last Year

Housing StartsSometimes, 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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Posted by on June 20, 2012 in Housing Analysis

 

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A Few Reasons Why You Might Not Get The Rate Advertised: May 21, 2012

Existing Home Sales Mortgage rates improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide.

According to Freddie Mac’s mortgage rate survey, conforming 30-year fixed rate mortgage rates slipped to 3.79%, on average, last week for borrowers willing to pay 0.7 discount points and a full set of closing costs.

This is the lowest on-record. Read the rest of this entry »

 
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Posted by on May 21, 2012 in Mortgage Rates

 

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A Recovery in the Housing Market in Sacramento, on Whose Planet?

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Posted by on May 1, 2012 in Mortgage Blog

 

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