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Existing-home sales fall for third straight month
Written on 23 Mar, 2010 at 8:04 in Blog | viewed 42 views times and users have made 0 comments so far
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Sales of existing homes have thus fallen three consecutive months, a reversal after having risen steadily through the fall in response to a federal subsidy for first-time home buyers. The tax credit has been restored and expanded to repeat buyers,... (Continue reading)
December home sales down nearly 17 percent
Written on 25 Jan, 2010 at 8:51 in Blog | viewed 56 views times and users have made 0 comments so far
WASHINGTON — Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use a tax credit. The report reflects a sharp drop... (Continue reading)
Apartment Dwellers on the Move This Year
Written on 22 Jan, 2010 at 9:10 in Blog | viewed 72 views times and users have made 0 comments so far
With apartments increasingly available, renters are more demanding than they used to be. Here are some key issues that landlords should consider, according to Apartments.com, whose recent survey of renters showed that 60 percent of apartment dwellers intend to move in... (Continue reading)
Government Announces Short Sales Guidelines
Written on 2 Dec, 2009 at 19:47 in Blog | viewed 76 views times and users have made 0 comments so far
The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly. To qualify under these new guidelines: The property must be the home owner’s principal residence. The home owner must be delinquent on the mortgage or... (Continue reading)
Home Sales Drive the Recovery
Written on 16 Nov, 2009 at 14:47 in Blog | viewed 64 views times and users have made 0 comments so far
It’s been a long time coming, but thanks largely to strengthening housing markets, the country is pulling out of the recession. Existing-home sales rose 7.2 percent from June to July to post a seasonally adjusted annual rate of 5.24 million... (Continue reading)
Both Houses OK Tax Credit Extension, Expansion
Written on 5 Nov, 2009 at 21:46 in Blog | viewed 68 views times and users have made 0 comments so far
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for... (Continue reading)
Big Rebound in Existing-Home Sales
Written on 26 Oct, 2009 at 20:11 in Blog | viewed 59 views times and users have made 0 comments so far
Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of REALTORS®. Existing-home sales—including single-family, townhomes, condominiums, and co-ops—jumped 9.4 percent to a... (Continue reading)
Home prices across area ending decline, data show
Written on 19 Oct, 2009 at 20:38 in News | viewed 88 views times and users have made 0 comments so far
San Diego County’s three-year slide in home prices is ending, neighborhood by neighborhood, according to a quarterly breakdown from MDA DataQuick. Eight out of 56 neighborhoods saw higher prices than a year ago, compared with only one or none in the... (Continue reading)
SoCal home sales up, prices hold steady
Written on 14 Oct, 2009 at 7:29 in News | viewed 102 views times and users have made 0 comments so far
Southern California home sales rose unexpectedly last month as price declines moderated, MDA DataQuick reported Tuesday. There were 21,539 sales in the six-county region, including San Diego, up slightly from August’s 21,502, as low rates, federal tax credits and delayed closings... (Continue reading)
Home Buyer Tax Credit Extension Likely
Written on 9 Oct, 2009 at 7:54 in Blog | viewed 86 views times and users have made 0 comments so far
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader... (Continue reading)