Let's get down to today's real estate information.
Here is NAR's Pending Home Sales Index, which John Burns, founder of Real Estate Consulting in Irvine, California refers to in the following article. He grades October's real estate market, which I will summarize quickly for you.
Economic growth, leading indicators, and consumer behavior get an average grade of C. Housing supply receives a B-, new home market receives a B, and mortgage rates gets a B+. The existing-home market get a stellar grade of A. Click here to get all the details.
According to Inman News, Southern California real estate sale prices have gone up since last year. SoCal home sales were up 6 percent from September 2004 to September 2005 and median sales prices were up 16.1 percent during that time period. 31,740 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was down 7.4 percent from 34,292 in August, and up 6 percent from 29,942 for September last year. A decline from August to September is normal for the season. Click here to read more.
Dian Hymer offers strong advice for pricing houses during a changing market. "Don't waste your time testing the market at an unrealistic price. This market is for serious sellers. There are plenty of serious buyers for listings that are priced for sale at current market value." For more details click here.
And that's all for now. Feel free to send me any comments or questions!
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
No comments:
Post a Comment
Thank you for commenting!