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:
California PROPERTY TAX REDUCTION SCAMS
California PROPERTY TAX REDUCTION SCAMS
Companies using official-sounding names like “Tax Review,” “Tax Adjusters” and “Tax Reassessment” seek to scam homeowners who are worried about their property taxes and declining property values. They send misleading mailers that look like official government agency documents to trick you into sending them money to try to lower your property taxes. Read more
Pending Home Sales Fall 11Percent In The West
Pending Home Sales
pending home sales
The National Association of Realtors® reported today that after reaching a 19-month high, pending home sales eased in December.
Lawrence Yun, NAR chief economist, said the trend line remains positive. “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period,” he said. “Contract failures remain an issue, reported by one-third of Realtors® over the past few months, but home buyers are not giving up.” Read more
2012 San Diego Real Estate Forecast
2012 San Diego Real Estate Forecast
2012 San Diego Real Estate Forecast - Opinion on the 2012 San Diego real estate outlook. Why San Diego home values, will still be in decline through at least the first half of 2012. View the full post at:
http://www.brokerforyou.com/brokerforyou/san-diego-real-estate-market-2012-outlook-forecast.html
Home Sales Increase
Home Sales
Bob Schwartz, real estate broker
The National Association of Realtors just reported that home sales increased 5 percent in December to the best level since January 2011 and the third straight monthly increase.
Home sales for2011, totaled 4.26 million. That’s up from 4.19 million the previous year, but, below the 6 million that economists equate with healthy housing markets.
The median home sales price in December rose 2.3 percent to $164,500. Read more