Market Update
July New Home Sales are UP 3.6% for the month, to a 372,000 annual rate, and are UP 25.3% over a year ago. The months' supply is now down to 4.6. The median price is also down slightly (2.5%) from a year ago, but some…
Home prices rose 6.9 percent in the second quarter nationwide, according to the Case-Shiller Index compiled by Standard & Poor’s, the strongest quarter-over-quarter gain since the quarterly index began in 1987. WOW, the best ever!!!?? That is really good news for just about everyone!!! In June, the monthly 10 and 20 city indices rose 2.2 percent and 2.3 percent, respectively, S&P reported. Prices also improved month-over-month in all 20 cities tracked by Case-Shiller.
This is the type of data that everyone from the Federal Reserve to the “big banks” watch as they create policy and make decisions that affect you and me. Maybe this information will allow some banks to start releasing more of their “shadow inventory” we hear so much about….. This…
http://youtu.be/gMcsko024_M
9438 Crocker Rd
Granite Bay, Ca 95746
#12026299
$589,950, call today for a showings.
http://youtu.be/xabUxi-nCas
Curtis Park Home, #12040435
Figures released today by real estate information service Dataquick show signs of a strengthening home market across the Sacramento region, driven by investors snapping up rental properties and competition for the ultra-low inventory of resale homes.
The median price of resale single-family homes in Sacramento County rose 5.6 percent from the same month a year ago, from…
In a recent article in the magazine for Realtors, it indicated that the medium home price in California in April was $308,050, up almost 5% from April 2011.
This marks the first time the medium housing prices has gone above the $300,000 mark in a year and a half.
Homes For Sacramento.
http://youtu.be/Jzsr_SxxKyY
Contact Rick today at 916-226-1136 or www.homesforsacramento.com for a showing.
Home prices nationwide have hit a bottom, and home values are finally on the rise.
NEW YORK (CNNMoney) -- Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.
Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter.
Even though June marked the fourth consecutive month of home value increases, overall home prices are still down almost 24% since April 2007, when Zillow began to track home values.
"[I]t seems clear that the country has hit a bottom in home…