Skip to content

Archive for September 21st, 2011

21
Sep

Housing Sales News

Home sales increase

Home sales

Home sales

Well, today we finally have some good news on the US real estate market. The National Association of Realtors just released the report showing that existing home sales for August  rose 7.7%.  I’m sure all the national media outlets will be proclaiming the August home sales increase. But, I wonder how many will also report the other major housing news in this report. Yes, the other side of the coin is (as reported in this report) that median price for an existing home in August was down 5.1% from a year ago! Read more »

21
Sep

Peter Schiff Testimony Before Congress

 Real estate market

Reality Warning: this is for my California subscribers, before viewing this video please understand that this is harsh reality and not the fantasy theories that many Californians believe in.

In order for the San Diego real estate market, or for the entire US real estate market to turnaround, first the economy must improve. Yes, the unemployment rate must go down people who get jobs must be secure in those jobs and taxes, fees and living expenses must not be so high as to stifle savings and investment.