California Real Estate – It’s Over!
California Real Estate – It’s Over!
Yes, I’ve seen this before in 2005. . .home prices still going up while home sales are falling!
For those of you who may not be regular readers here is the link to the first warning blog post that I put out; my first post where I called the real estate market top was June 15, 2021 (https://www.brokerforyou.com/brokerforyou/real-estate-market-downturn/ ) . On June 17 I had a follow-up post ( https://www.brokerforyou.com/brokerforyou/real-estate-market-bust/ ) where I added additional indicators, that to me showed that the market was in a topping phase right now! I put the links to each one of those prior post above, and would suggest if you’re interested, to reread those posts! Read more 
Mandates effect on real estate values
Mandates effect on real estate values
We are witnessing in real time the collapse of small business, small enterprise, real estate and peoples lives.
We are witnessing segregation being reborn in America. We are witnessing crime hit levels that we have never seen in our lifetimes and my fear is that this is just the beginning. Read more
Real Estate Market Crash
Real Estate Market Crash
This video is about the 2021 real estate housing bubble popping, actually, if you read my prior post here this morning, this video is exactly the same only re-created in a video format to make it easy for others just to listen
Yes, today’s real estate market, has been the craziest that anyone has seen in their lifetime. Read more
California Real Estate YES ON 5 – NO ON 10
California Real Estate
Two very important California Real Estate issues are on tomorrow’s ballot!
Homeownership and private property rights are on the California ballot this November and the election outcome will determine our state’s housing future. REALTORS throughout the state are committed to protecting home-ownership and are urging our clients, colleagues and fellow Californians to look closely at this year’s ballot. The state’s housing future depends on it. Read more
Housing Prices
Housing Prices Increase
Last month housing prices moved up the most in Colorado and Washington. The year over year price increases for Colorado were 10.4% and in Washington state home prices increased on a year-over-year basis in December I 10.3%. Yes, Colorado and Washington state posted the largest year-over-year housing price increases for the United States.
The best housing price increases on a year-over-year basis as of December 2015, after Colorado and Washington, were followed by Oregon which showed a 9.1% increase, Iowa with an 8.6% increase and Nevada with an 8% increase.
Now, when you exclude distressed properties from the December housing price data, the states with the largest year-over-year price increases does change slightly. In order of the best twelve-month housing price increase, Colorado still remains first, but now with a slightly lower average 9.7% increase. Also, Washington State and Oregon retain their second and third positions but now with 9.5% increase for Washington and a 9.3% increase for Oregon. In fourth position we now have New York State at 8.5%, followed by Nevada at 8.3%.
Home Prices Up 10.2%
Home Prices Up
CoreLogic, a real estate data provider just reported that home prices in February increased by 10.2% over the year ago period. The February home price increases mark 12 months of annual price improvement.
The gains in home prices were very broadly based with 47 of 50 states showing home price improvement. Read more
Home Prices Rise – Best In Six Years
Home Prices Rise
In a report just released today by a private real estate data provider, US home prices were shown to have increased by 4.6% in August 2012 versus August 2011! This year over year increase marks the largest such increase in US home prices in more than six years! Read more
US Housing Market
US Housing Market Zombified
httpv://youtu.be/YBa6MHfHAsM
Forecast from Barry Ritholtz, CEO of Fusion IQ, of when the foreclosure machinery will be creaking back to life.
Sounds like Mr. Ritholtz is calling for a possible additional 5 to 10% drop in home prices.
San Diego home listings
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
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