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Help-U-Sell Golden Gate Realty Weblog |
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 A real estate-related blog, dedicated to giving San Francisco Bay Area residents the straight scoop and the best information on mortgage rates, home selling tips, real estate investment techniques, and on the real estate market in general.
Provider: Help-U-Sell Golden Gate Realty
Feed Type: Residential
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Most recent items from this feed:
30-year fixed rate at 5.68%
30-year fixed rate at 5.68%
Overnight real estate rates idle. 30-year fixed rate at 5.68%; 10-year Treasury yield at 4.59% [Today's Real Estate News Provided by Inman News]
12/21/2006 05:23 PM
Worst Over For Housing, Realtors Group Says
Worst Over For Housing, Realtors Group Says
Well, we all know my take on the situation (and if you don't because you're new here, you can read through the previous articles, explaining why the real estate bubble developed and why it popped), but the National Association Of Realtors has stated that the housing market situation will improve in 2007. I beg to differ... the glut of properties already on the market means that it will be at least until 2008 before things truly turn around. And if the Fed has to raise interest rates (as they most likely will have to in order to contain inflation, according to the Fed itself), and if the lenders tighten their lending practices (as they are already doing), then it may be even longer than that before real estate prices stop slipping.
Snippets From The Article:
The worst of the U.S. housing slump is
over, according to the National Association of Realtors, and the market
should improve in 2007.
Sales of previously owned U.S. homes will grow at an annual rate of
6.29 million in the first quarter of the year, snapping five
consecutive quarterly declines, the industry's largest trade group said
Monday.
New-home sales, about 15 percent of the market, won't
recover until 2007's fourth quarter, when transactions will grow to an
annualized rate of 967,000 after bottoming at 944,000 in the third
quarter, the Chicago-based group said.
Read More:
Worst over for housing, Realtors group says. The worst of the U.S. housing slump is over, according to the National Association of Realtors, and the market should improve in 2007.
Comment [Real Estate - Topix.net]
12/19/2006 12:27 PM
Housing Permits Fall For 10th Straight Month
Housing Permits Fall For 10th Straight Month
Snippets From The Article:
The rate of residential building permit authorizations fell
for the 10th consecutive month in November, the U.S. Census Bureau and
Department of Housing and Urban Development reported today,
and was 31.3 percent below the November 2005 level.
Read More:
Housing permits fall for 10th straight month. Starts down 26% compared to November 2005 [Today's Real Estate News Provided by Inman News]
12/19/2006 12:19 PM
30-year fixed rate at 5.68%
30-year fixed rate at 5.68%
Real estate rates get overnight boost. 30-year fixed rate at 5.68%; 10-year Treasury yield at 4.58% [Today's Real Estate News Provided by Inman News]
12/19/2006 12:15 PM
Real Estate Gridlock
Real Estate Gridlock
Snippets From The Article:
"We are currently experiencing the worst of the market freeze, which is
being exacerbated by the gap between the buyer's desire for bargains
and the seller's fantasy of what they once thought their homes would be
worth," said Diane Swonk, chief economist for Chicago-based Mesirow
Financial, who forecasts a rebound in early 2008. "The good news is
that there are some signs of stabilization. The bad news is that a
substantial backlog of unsold homes still exists."
Read More...
http://www.washingtonpost.com/wp-dyn/content/article/2006/12/14/AR2006121400846.html
12/16/2006 03:46 PM
Fed Holds Interest Rates Steady, While Warning About Inflation
Fed Holds Interest Rates Steady, While Warning About Inflation
Snippets From The Article:
The Federal Reserve signaled that while the economy looks a bit
weaker than a month ago, its forecast and concerns about inflation are
unchanged, and thus interest rates are still more likely to rise than fall.
The Fed yesterday left its short-term interest rate at 5.25%,
where it has stood since late June. In the statement accompanying its decisions,
the Fed downgraded its assessment of the housing market and acknowledged "mixed"
signals on growth. But its forecast of moderate growth is unchanged. Inflation
remains its principal focus, and it still says its choice is whether to raise
rates -- not to lower them. Read More...
Fed Holds Interest Rates Steady, While Warning About Inflation. Despite holding rates, the Federal Reserve is keeping the prospect of further rate increases alive. As sales of homes continue to fall, officials consider housing a risk factor to the economy. [RealEstateJournal.com Residential Real Estate News]
12/14/2006 08:18 PM
S.F. Bay Area Real Estate Sales Fall 26%
S.F. Bay Area Real Estate Sales Fall 26%
Snippets From The Article:
About 7,204 new and resale homes and condos
sold in the San Francisco Bay Area in November, down 25.9 percent from
November 2005 and down 9.7 percent compared to October, real estate
research company DataQuick Information Systems reported today.
Read More...
S.F. Bay Area real estate sales fall 26%. Price-drop steepest since February 2002 [Today's Real Estate News Provided by Inman News]
12/14/2006 08:14 PM
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