The lowest mortgage rates in the history of U.S. home markets have come up at an inopportune time. The housing markets across the country, including California and its 9-County SF Bay Area are laden with innumerable problems – from the foreclosure crisis to the latest crisis in foreclosure documentation by lending banks. So in a [...]
This question lurks in the minds of market watchers, while seeing the housing market report for August 2010 in the 9-County SF Bay Area. The reason is simple – indicators of performance – home sales; median price; foreclosure activity; and mortgage financing taken along with mortgage rates – are pulling in different directions. The market [...]
This seems a foreclosure crisis of course – but of a different nature from the earlier devastation that rendered millions of home owners lose their homes and driven away by lenders – dejected. Adding insult to injury, the present crisis seems to be the handiwork of inefficient or lethargic officials of the lending banks – [...]
In all the home markets of U.S. some are distinguished as expensive markets, owing to the cost of housing in those locations remaining high – for varied reasons including standard of life. For decades, they are so with best of best facilities provided, because of the continued influx of population. California is considered as a [...]
Call it a temporary lull after the ending of fillip to home buyers, with a deadline to book their home faster by the tax-break incentive; or the present fretting out about job security; or loss of job or downward economy – the fact remains that home sales dwindled all over the country in the month [...]
On a perusal of housing market report from the 9-County SF Bay Area, you will observe that the home sales dropped in August 2010, both month-wise from July and year-over-year from August 2009.Total number of homes sold – from the categories of condos, single-family existing homes as well as new homes – in August was [...]
In the present gloom engulfing the U.S. housing market every bit of news, which shows a positive sign towards a faster recovery is welcome and that is what turns out from the 9-county SF Bay Area. Compared to August 2009 the housing market news for August is 11 percent drop in single family home sales [...]
Housing markets in the 9-County SF Bay area are no exception to the prevailing gloom in real estate across the country. Foreclosure properties were flooding the markets as elsewhere for the last few years. Inventory of unsold homes was mounting, as reported month after month, until, of course reaching the peak towards the end of [...]
What is stalling the economic recovery of the country? Growing unemployment – is the answer. There are 2 million jobs lost overall from the year 2007. Real estate experts say the growth of housing markets and recovery from the present gloom is only possible, if employment opportunities are created by both private sector and the [...]
Jobs, Jobs and more Jobs – this is the mantra recited by economic analysts, to put the economy back on its track from the present gloom (some of them have nicknamed it as Great Depression No.2 – the first being 1930s). But adding of more jobs is difficult in a recessionary trend – basically because [...]
