Reflecting the tight inventory, high demand, and a changing mix of homes for sale, the median price of a bay area home shot up 27% in January. DataQuick reports: A total of 5,501 new and resale houses and condos were sold in the nine-county Bay Area last month. That was down 28.4 percent from 7,688 [...]
According to Case-Shiller, San Francisco home prices jumped last fall. Analyzing data through November, San Francisco area home prices are now back up to where they were in the Fall of 2008. From Standard & Poors: New York, January 29, 2013 – Data through November 2012, released today by S&P Dow Jones Indices for its [...]
An issue I have run into this week in Santa Cruz area is that 90 day flip rule. Something to remember. It has come up twice for me this last week. It’s very exciting to find a home that has been renovated and is basically “move-in-ready”. Many homes have been purchased by investors and then [...]
Why Home Inspections are Important-Buyers are making one of the most important financial decisions in their lives……yet some balk at the cost of getting an inspection. Granted inspections cost money. Granted there are some home inspectors who took online courses without absolutely NO experience in house construction. But there are organizations you can contact such [...]
Bay Area median home prices and home sales continued to surge in November. DQ News reports: La Jolla, CA.–The Bay Area housing market continued its march toward normalcy in November, with strong sales and rising sale prices fueled by increased demand, strained inventory, record-low mortgage rates and robust investor interest, a real estate information service [...]
Data released today from Case-Shiller showed San Francisco Area home prices up very slightly from July’s 138.37 to a 138.43 in August. Low housing supply continues to push prices higher, but the trend may be weakening. From Standard & Poors: Data through August 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home [...]
