November 2015 Real Estate Newsletter

October 29, 2015

September pending home up 3%

The headline for this REUTERS article is “U.S. pending home sales decline in September” but when you read the article you find that pending sales are up 3% from September 2014. The decline is compared to August or only a one month period.

October 27, 2015

Local home prices up again

San Diego Union-Tribune article reports on S&P/Case Shiller Home Price Indices that show San Diego home prices were up 6% over August of 2014. The median home price for San Diego was $460,000.00 in September according to another study by CoreLogic.

New Listing – Carlsbad

Carlsbad Home For Sale
Carlsbad Home For Sale

Immaculate four bedroom, four bath with 3,725 sq.ft. Offered for $978,000.00, More Information

U.S. homes and rentals ahead of the global economy

“U.S. housing appears to be insulated so far from the cooling global economy,” reports ABC News. Home prices rose 5.1% in the 12 month period ending in August.

October 19, 2015

Prices dip slightly in September

CoreLogic statistics reported by the San Diego-Union Tribune indicate local home prices dipped 1% from August to September but prices were $15,000.00 more than last year.

October 15, 2015

Local prices lower in September

San Diego Union-Tribune article about CoreLogic’s report for September indicating San Diego County home prices fell slightly. “The change reflects the typical drop in sales between August and September in the robust sellers’ market.”

October 13, 2015

Foreclosures down 25.2% across U.S.

The CoreLogic National Foreclosure Report that there were 10,000 fewer home foreclosures in August 2015 when compared to August 2104. “In August, the housing market experienced solid and steady increases in sales, prices and performance and our preview data indicates those trends will continue in September,” said Anand Nallathambi, president and CEO of CoreLogic.

October 11, 2015

Pending Sale

Nice three bedroom, two bath family home with an easy walk to the elementary school. Offered in a range of $425,000 – $450,000.

Home For Sale - Escondido
Home For Sale – Escondido

October 8, 2015

Pending Sale

Two bedroom, two and a half bath Solana Beach in oceanfront condo project. Offered for $875,000.00.

Solana Beach Condo
Solana Beach Condo

 

October 5, 2015

Home refinancing up again

Diana Olick has a story on CNBC.com about how people are using their homes as ATM’s again now that they have equity again in their homes.

October 1, 2015

New federal laws go into effect on October 2, 2015. These laws, called TRID,  deal with disclosures required by lenders to buyers and sellers in the home purchase process. Here is a link to the National Association of REALTORS video explaining the changes.