Home Prices End 2011 Down
Home Prices
Home prices
Today, the much awaited S&P/Case Shiller composite index of 20 metropolitan areas was reported. Today’s report showed that this index declined 0.5 percent on a seasonally adjusted basis, after falling 0.7 percent in November.
The 20-city index fell to it’s lowest level since January 2003. Read more 
Housing Market Foundation Still Shaky
Housing Market
Obviously, with the severity of our housing collapse a snap-back recovery is just a fantasy. As I’ve said before, the first step to any real housing recovery, is housing market stability and base building. Read more
San Diego Condo Sold
San Diego Condo Sold
Being in residential real estate sales for over three decades I’ve had the opportunity to assist a number of my clients from buying their first homes, move-up homes and finally retirement homes.
Sure, there’s a certain sense of pride and satisfaction in selling any property. It’s different though when I’m fortunate enough to help the same client through various life-cycle homes. Read more
Home resales jump to 1-1/2 year-high
Home resales
home resales
The National Association of Realtors just reported that existing home sales increased 4.3 percent to an annual rate of 4.57 million units last month, the fastest pace since May 2010.
All four regions of the country experienced home resale gains in January. But, here in the Western region we experienced the largest gain in home resales with 8.8% increase! the sales figures were tempered somewhat by the large revision in the in the home resale numbers for December 2011. December’s sales data was revised down to show only a 4.38 million unit sales rate rather than the previously reported 4.61 million unit pace. Read more
San Diego Home Sales
San Diego Home Sales
The firs
t of two important real estate reports released today was from the California Association of Realtors. this report just analyzed the detached single-family homes. The report showed that home sales for January 2012 increased by 15% over January 2011 in San Diego County. unfortunately, the same report showed that the home sales for January took a huge drop of 26.9%from December 2011. The median price of a single-family home last month was $350,680, down from January 2011′s figure of $370,100 and December 2011′s $359,930. Read more
Real estate market and the economy
Real estate market … Economy
I said it before, and I’ll say it again, I don’t believe this time around the real estate market will be the engine that pulls the economy out of the dumps. Quite to the contrary, I believe it has to be the economy to improve first, before we see a stabilization and the solid base building for a sustained real estate market recovery.
I’ve been a fan of Peter Schiff for some time now, and so, here is another one of his videos: