Home Sales Jump
Existing Home Sales Jump
California Real Estate
The National Association of Realtors reported today that existing home sales increased 4.7 percent to an annual rate of 5.55 million units.
This September home resale increase was more than expected and the second highest monthly sales pace since February 2007!
Personally because of seasonal factors I would expect housing prices to remain somewhat stagnant or actually soften the little from now through the next four or five months. So, for those of you who have been thinking about buying your first home, or perhaps buying a move-up home, from now through about March is usually the best time to purchase a home. Read more 
Living at Home
Living at Home
According to a study by the National Association of Homebuilders there are more than 24 million young adults age 18 through 34 are living with their parents or parents-in-law.
The study attributes this fact to tough economic conditions and increased housing cost. Older young adults age 24 through 34 typically make up approximately half of all first-time homebuyers, but they’re delayed willingness to apparently leave their parents domicile contributed to lower housing demand during the recession. Read more