San Diego Real Estate Market 2012 Outlook – Forecast
San Diego Real Estate Market 2012 Outlook - Forecast
San Diego Real Estate Market 2012 Outlook
San Diego Real Estate Market 2012 Forecast
The latest major economic news shows that the unemployment rate finally dropped below 9%. Any drop in the unemployment rate has to be considered good for the housing market in the long run. As is usually the case with government reports, sometimes one has to look beyond the headline or sound bite to really understand what’s going on. When one considers that over 300,000 of the unemployed went off their unemployment benefits last month and were no longer counted, one has to question the possible improvement this report indicates.
The reason I started with the unemployment report was the fact that it should be quite obvious that the real estate market is not going to pull us out of our malaise this time around. No, I believe only strong job growth and the accompanying drop in the unemployment rate will be the key factors in turning around the economy and improving the housing market. Read more 
Pending Home Sales Increase
pending home sales
Pending Home Sales
The national Association of realtors released a report today showing that pending home sales increased by 7.3% in November. the West showed the largest increase for pending home sales of 14.9%. In second place, with an 8.1% increase, was the Northeast. The national pending home sales increase was the largest since April 2010. Read more
Home Prices Down Again
Home Prices
Real estate market condition
home prices
The just released Standard & Poor’s/Case-Shiller index showed home prices dropped in October from September in 19 of the 20 cities tracked! This marks the second month in a row that home prices fell in the majority of cities tracked in this report.
This report also showed that home prices in Atlanta, Las Vegas fell to their lowest points since the housing crisis began.
Home prices in many cities, including Cleveland, Detroit, Las Vegas, Phoenix and Tampa, have reached their lowest points since the housing bust began. Read more
Happy Holidays
Dear Friends and Colleagues,
Today marks our last real estate closing for 2011. Whether one or twenty one closings, they would not have been possible without the trust and confidence of my clients and associates. So at the outset, I want to thank you for your association with Brokerforyou and me.
I would like to take this opportunity to wish you and your loved ones a Happy Holiday season and a New Year filled with peace and happiness.
This year we are humbled by the confidence our friends, colleagues and clients placed in us and grateful for the outcomes we were able to create for them.
California Home Sales
California Home Sales
California home sales
California pending home sales
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today that pending home sales in California fell in November but were up from the previous year for the seventh consecutive month.
Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market. Read more
Real Estate Market – Housing Starts Jump to 18 Month High
Real estate market:
real estate market good news
The Commerce Department released a report today showing that housing starts surged 9.3 percent to a seasonally adjusted annual rate of 685,000 units, the highest since April last year. Now, with this latest housing report, residential construction has now grown for two straight quarters. Read more