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. Continue reading
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 ! Continue reading
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. Continue reading
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.”
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. Continue reading