National Home Pending Sale Index Off 13.2%
The Pending Home Sales Index, based on contracts signed in October, slipped 1.7 percent to a reading of 107.2 and is 13.2 percent lower than October 2005. The index had trended up from a cyclical low of 105.6 in July, and a decline from year-ago levels is narrowing. In September, the index was 13.6 percent below a year earlier, while in August the decline was 14.0 percent. San Diego real estate agent
[tags] real estate market, real estate, housing, housing market, real estate bubble[/tags]
San Diego real estate in 2007?
With a huge amount of interest only, 100% loans set for their first rate adjustment next year, the stage is set for real trouble. Even though some lenders are ‘behind the scenes’ getting ready to ‘assist’ homeowners in trouble by extending loan terms to 40/50 year terms, the real question is….What will these no/low down homeowners do when the realize their homes value has suffered double digit depreciation? Looking for a unique investment, check out gold. No, not any gold but natural gold nuggets.
[tags] San Diego homes, San Diego real estate market, real estate, housing, housing market, San Diego real estate, real estate bubble, California real estate, San Diego home values[/tags]