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
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
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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Tags: california, dan tharp, European Union, Existing Home Sales, Greece, i want the best rate, lower interest rate, mortgage, sacramento, www.mysacramentolender.com, www.sacramentolender.com
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
The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose throughout California from one week to the next.
Data was strong across all categories last week.
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Tags: best rates, dan tharp, dan the planner, Eurozone, Existing Home Sales, FOMC, higher mortgage fees, mortgage rates, sacramento
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. As a mortgage lender in Sacramento, and living in a state that has been hit hard by massive equity losses, this news is promising.
In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior. Not since November 2007 has foreclosure activity been this sparse across the country.
The drop does not appear to be seasonal, either. Read the rest of this entry »
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Tags: Comstock, dan tharp, Existing Home Sales, Existing Home Supply, Foreclosures, mortgage, paying too much, RealtyTrac, rent or buy, REO, sacramento
