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Inventories are Turning the Corner in Runaway California Markets

Friday, March 29, 2013

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The hottest housing prices in the nation at last are encourage more sellers to list their homes, promising more sales and cooler price hikes in the weeks come.

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Foreclosure Inventory Ballooned in First Quarter

Thursday, March 28, 2013

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The inventory of properties in the foreclosure process expanded by nearly 10 percent in the first quarter, casting a pall over the housing recovery as local markets prepare for more foreclosures than expected. However, a high level of demand driving by investor activity may mitigate their impact.

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Lower Rates Benefit Richer Homeowners Most

Thursday, March 21, 2013

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The Federal Reserve's policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.

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Home Prices Expected to Rise at least 3.3 Percent Annually though 2017

Monday, March 4, 2013

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The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014 until settling down to 3.3 percent annual increases over the next three years according to Fiserv, a financial services technology provider using data from the Federal Housing Finance Agency (FHFA).

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Single Family Renters More Likely to Stay in Place

Monday, February 25, 2013

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Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group.

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Hottest Market Sales Going for a Premium Over List Price

Saturday, February 23, 2013

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How long has it been since you heard the words "sold at a premium over asking price?" For the past six years, sales prices ended up somewhere south od list prices by at least five percent. Now, in the markets where the recovery is hottest, sellers are increasingly experiencing multiple bid scenarios and buyers are pre-empting the competition with offers over list price that stir up memories of the boom years.

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January Inventories Fell 25 Percent Below 2012

Thursday, February 21, 2013

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How far can inventories fall? The latest existing home data suggests we have yet to find out because they are still in freefall just two months before the spring buying season nears. Will sellers warm up in time to populate the MLSs with enough listings to get buyers excited? Or will the inventory drought drive buyers away at the most important time of the year for housing markets?

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Student Loan Debt Won’t Hamper Homebuyers

Monday, February 11, 2013

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The rise in student loan debt is certainly a cause for concern, but may not be a significant a drag on young home buyers since the typical borrower has not seen a significant jump in the amount of debt incurred and seems to have a manageable monthly payment.

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Real Estate News Turns Positive

Monday, February 11, 2013

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For the first time in years, the American public is hearing more good news than bad news about real estate values first time, as many say they are hearing mostly good news (25%) as bad news (24%) about real estate values.

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Sellers Awaken and Buyers Accelerate

Thursday, February 7, 2013

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The percentage of customers signing offers in January increased by 12 percentage points according to a leading brokerage and 23 percent of Americans think it is a good time to sell compared to 11 percent the same time last year, according to Fannie Mae's January 2013 National Housing Survey results.

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