September 2012

Found 5 blog entries for September 2012.

Check out this beautiful home in Serano in El Dorado Hills. brought to you by

Homes For Sacramento. http://youtu.be/G7WLCKJ088o

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INFO THAT HITS US WHERE WE LIVE... People indeed are astonished at how the housing market has started to recover and last week's data just kept the ball rolling. Builders are busier as housing starts are up 2.3% from July to August. They're now at a 750,000 annual rate, UP 24.5% over August 2011. Housing starts have been rising on an annual basis for the last 11 months and they're now UP 57% from their April 2009 bottom. No wonder builder confidence in September was up for the fifth month in a row, hitting its highest level since 2006.

August Existing Home Sales were up 7.8% over July, reaching a seasonally adjusted annual rate of 4.82 million units. These sales are UP 9.3% for the year, while the national median price for all housing types is UP 9.5%
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The following are the statistics for August’s real estate activity: 

Sales continue to be solid in all zip codes of our region.  We are beginning to see activity in the $400K+ "move up" market, which is a good sign for those upper-end sellers.  The bank owned listings are depleting in supply; although demand is still very high from the cash investors.  Today we have 78% fewer REO (real estate owned) homes on the market in the 4-county region than we did at this same time last year.  It's clear that banks have determined it's better to work with homeowners on approving a short sale than it is to foreclose on them.  Successfully closed short sales are up 35% over this time last year and we're seeing a decline in the amount of time it's taking for the

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INFO THAT HITS US WHERE WE LIVE... One of the key things remaining to be done to achieve a housing market recovery is a return to appreciating prices. Many observers feel prices have stabilized nationally and now we're seeing the first signs of some increases. A national real estate website reports the asking prices for homes for sale were up in August for the seventh month in a row. This put them UP 2.3% versus a year ago, the largest year-over-year gain since the housing downturn began.

Excluding foreclosures, asking prices were UP 3.8% nationally for the year. This means they're rising at a faster rate than wages, so affordability is no longer on the increase. The price gains are broadly based, showing up in 68 of the 100 largest metros tracked. Many…
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INFO THAT HITS US WHERE WE LIVE... It wasn't that long ago when some pundits were saying hope was all we had in the housing market. But now our hope is being justified by some solid facts. Last Tuesday, the Case-Shiller S&P 500 index of home prices in the 20 largest metros posted a 0.9% gain (seasonally-adjusted) for June. For the month, 18 of the 20 metro areas showed gains; in the last three months, prices were up in all 20. Overall, prices are UP 0.5% compared to a year ago.

This encouraging news was followed by July Pending Home Sales. The index of contracts signed on existing homes scored its 15th consecutive month of year-over-year gains. The 2.4% hike over the prior month put the index at its highest reading in two years, at 101.7, "a level that is
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