More Good News For Real Estate

Tuesday brought us more positive news on the housing and consumer front. The S&P/Case-Shiller Index rose 2.9% in the second quarter vs. the first, the first quarterly increase in home prices in three years. And, the Conference Board’s consumer confidence index came in higher than expectations.
Purchases of new homes in the U.S. jumped more than [...]

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Second Wave Of The Credit Crisis: Collapsing Commercial Real Estate

The recent uptick in home sales, green shoots of new housing starts and rebounding stock market may suggest that the long-awaited turn in the U.S. economy is here.
But is this daylight at the end of the tunnel or the beam of an oncoming locomotive of commercial real estate insolvency coming down the tracks on a [...]

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Strong Gain in Existing-Home Sales Maintains Uptrend

For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.2 percent to a seasonally adjusted annual rate1 of 5.24 million units in July from a level of 4.89 million in [...]

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Things You Will Never See At Aviara or Powell Fine Homes

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Ventura County Home Prices Rising Slowly, Steadily- Quotes from Richard in Story

From the Ventura County Star
By Allison Bruce
Wednesday, August 19, 2009
The median price of homes sold in Ventura County in July continued its month-to-month rise, although price and sales numbers remained lower than a year ago.
In July, Ventura County’s median price of houses and condos sold rose to $375,000, up from $365,000 in June and [...]

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Lenders hesitating to repossess California homes

The backlog of homes in default is growing. In July, default notices were up 12% from a year earlier but repossessions were down 40% .
The backlog of California homes in default, but not yet repossessed, keeps growing.
At some point, many of these properties will be repossessed and put back on the market. Until then they [...]

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