The Sunset Park neighborhood of Santa Monica, which has approximately 2700 single family homes, has been a very active market in the past few months. There are only 23 homes currently available with an average amount of more than 100 days listed on the market. As of the third week of May, there are currently 15 […]
There was a lot of economic activity that kept investors watching every move. As the Mortgage and Real Estate News reports: With a Fed meeting, Treasury auctions, and major economic data on this week’s schedule, investors were watching closely for unfavorable news. In the end, there were no major surprises. Little changed in the Fed statement, […]
According to the National Association of Realtors: Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains […]
More First-Time Buyers in Real Estate Market Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to C.A.R.’s 2009-2010 “State of the California Housing Market” report released today. California’s median home price hit […]