November median home price held steady in Santa Clara County
Wednesday, December 27, 2006
The housing market for single family homes continued to be active in a number of cities in Santa Clara County during the month of November and the median home price held steady, according to a multiple listing service for the area.
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Foreclosure activity on the rise, but still in normal range
Wednesday, December 27, 2006
In light of the heavy reliance on alternative loans in recent years, and with the housing market stabilizing these days, there are growing concerns about the future direction of foreclosure activity. Default rates are on the rise, but analysts claim the default rates are still in normal range.
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Survey indicates Realtors investing in heavy technology
Thursday, December 21, 2006
The number of Realtors® with Web sites has increased 129 percent over the past five years, and many of the sites display property listings, according to a new survey by the National Association of Realtors®.
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Luxury Home Values Hit Record Highs in Three California Markets
Tuesday, December 12, 2006
The housing market continues to be healthy as market conditions return to normal. In fact, the value of high-end homes in San Francisco, Los Angeles and San Diego posted record highs in the third quarter of 2006, according to the First Republic Prestige Home Index™, which tracks homes valued at more than $1 million in key California markets.
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Consumers still see housing as strong investment, according to new poll
Tuesday, December 5, 2006
Americans remain highly confident about the nation’s housing prospects, with more than four out of five homeowners expecting the value of their home to appreciate over the next five years, and nearly seven out of 10 calling it their most valuable investment, according to results from a new nationwide survey.
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Housing Affordability Improves Slightly from Last Quarter
Wednesday, November 29, 2006
The percentage of first-time buyers in California able to afford a median-priced home improved slightly compared with the most recent quarter - from 23 percent in the second quarter of this year to 24 percent in the third quarter. However, when compared with the same period a year ago, affordability for first-time buyers fell four percentage points, from 28 percent in the third quarter of 2005, according to a report released by the California Association of Realtors® (C.A.R.).
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Realtor Officials Warn Consumers Not to Fall Prey to Predatory Lenders
Wednesday, November 29, 2006
The National Association of Realtors® (NAR) is warning consumers not to fall prey to predatory lenders. In partnership with the Center for Responsible Lending, NAR has recently introduced a new brochure entitled, “How to Avoid Predatory Lending.”
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C.A.R. sees no downward spiral in 2007 housing market
Monday, November 27, 2006
The California Association of Realtors® (C.A.R.) predicts the 2007 housing market will see a continued gulf between seller aspirations and buyer expectations, along with inventory and affordability constraints, but contrary to media reports, real estate analysts do not expect a downward spiral in the state’s housing market.
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