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  • Existing Home Sales Up June 2009!

    According to the National Association of Realtors (NAR), existing home sales in June rose by 3.6% to an annual rate of 4.89 million, the highest since last October. Lawrence Yun, NAR chief economist, said: "The increase in existing-home sales occurred in all major regions of the country." Analysts say that this signals moderation in ...
    Posted to Market Update (Weblog) by 278262 on July 28, 2009
  • New Home Sales Up June 2009

    Sales of newly built, single-family homes rose 11% in June, 2009 to a seasonally adjusted annual rate of 384,000 units, according to numbers released by the U.S. Commerce Department. Coming on the heels of an upwardly revised number for May, the gain marks a third consecutive month of improved sales activity. “This is good news ...
    Posted to Market Update (Weblog) by 278262 on July 28, 2009
  • New 90 Day Foreclosure Rule in California

    Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 ...
    Posted to Market Update (Weblog) by 278262 on June 17, 2009
  • HOMEOWNERS BEWARE: Foreclosure Rescue Scams

    Brought to you by your Realtor®, Liane Thomas, and the California Association of Realtors® With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure rescue companies” claim they will help save your home, but in reality are out to make a profit -- at ...
    Posted to Market Update (Weblog) by 278262 on June 11, 2009
  • Yard Sale Tips ~ Make This Your Best Yard Sale Ever!

    Not All Yard Sales Are Created Equal Summer is one of the most popular seasons for holding a yard sale. But simply holding a yard sale doesn't necessarily mean you'll end the day with lots of extra money in your pocket. If you're planning on clearing out your clutter this summer, here are ten tips to help make your yard sale a ...
    Posted to Market Update (Weblog) by 278262 on June 2, 2009
  • Are we near the bottom of the housing crisis? Freddie Mac says "YES"!

    Freddie Mac says housing sales are near bottom Frank Nothaft, chief economist of Freddie Mac, said on Saturday that housing sales are nearing a bottom, with foreclosures accounting for a third of all sales.  But you knew there's a "but" coming, right?  Yup...Nothaft added that unemployment and house price declines will ...
    Posted to Market Update (Weblog) by 278262 on April 20, 2009
  • Breaking News! Home Sales Up in California in March 2009!

    An estimated 36,215 new and existing homes and condos sold in California last month, a 23.9% month-on-month increase from February and 47.4% year-on-year increase from March 08, according to a report published Thursday by San Diego-based MDA DataQuick Information Systems. March marked the ninth consecutive month of year-over-year sales ...
    Posted to Market Update (Weblog) by 278262 on April 18, 2009