Monthly Archives: August 2008

California Real Estate Bargains

By John | Published: August 29, 2008

California Real Estate – Investment Opportunities The Office of Federal Housing Enterprise Oversight (OFEHO) has released its second quarter data and analysis of the U.S. housing market and California appears to still be the land of opportunity for real estate investing. Since 1980 house price in the Pacific region has increased more than 431%. California real [...]

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Deal Seekers Driving Online Search Up

By John | Published: August 28, 2008

Realtor.com is reporting overall home search traffic is up 22% this year. The housing markets with the largest increases in search traffic are the real estate markets hardest hit by falling home prices. California and Florida continue to be two of hot markets for buyers and investors looking to take advantage of the situation. Home [...]

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California Real Estate Still Appreciating

By John | Published: August 27, 2008

California Association of Realtors reports that the unsold inventory index for existing, single-family homes in July was 6.7 months, down from 10 months for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate. The median number [...]

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Flat Market Until 2010?

By John | Published: August 26, 2008

The National Association of Realtors is reporting a record 11.2 months of supply of homes on the market. Inventories in the 680 Corridor are mostly in the 4 to 6 month range. Existing home sales nationally rose 3.1% in July over June's figure. The pattern of increased home sales suggests that much of the activity [...]

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First-Time Home Buyer Trends

By John | Published: August 22, 2008

First-Time Home Buyers Want More These Days A recent study by over 150 real estate brokers revealed that affordability is still a concern by first-time homebuyers. The affordability index in the East Bay has risen slightly due to dropping home prices and the large inventory of foreclosures on the market, but first-time home buyers in [...]

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