Pending home sales declined 1.1 percent in October compared to September. Nationally contract signings are up 20.2 percent compared to a year ago, according to the National Association of Realtors. In the West, pending home sales are up 20.8 percent over a year ago. Meanwhile both the inventory of homes for sale and mortgage rates …
Thank You To Our Veterans
At 11 minutes on 11th day of the 11th month in 1918 the Armistice with German was signed to end World War I.
CA Home Sales & Prices Continue To Rise
The California Association of Realtors is out with its September housing report and the news is that home sales and prices are continuing to accelerate in the state. Home sales in California climbed to their highest level in more than a decade while the median home price set another record high for the fourth straight …
New Home Sales Slow Down In September
Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said today, as the housing market’s summer buying season came to a close. The Commerce Department said that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the …
CA Home Prices Expected To Continue To Rise In 2021
Homes prices and sales are expected to continue to rise next year, according to the 2021 California Housing Market Forecast recently released by the California Association of Realtors. While it is likely they will continue to increase, it should be at a more modest rate, the report noted. The problem remains lack of inventory. So …
Migration From Cities Continues
My Take: The two major trends impacting real estate continue. First, the 30-year fixed mortgage rate ticked down last week to 2.88 percent, again at historic lows. Mortgage rates that have stayed under 3 percent since July have given the housing market a strong upward trajectory during these uncertain times. Although Freddie Mac cautions that …
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