Category Archives: Housing Market News

Huntington Beach Home Prices are Flat, Sales Volume Down, Mortgage Rates Plunge

By – Heather Campbell – June 2, 2014 Overall Market Indices Homes Sold:  In May 2014, the entire Huntington Beach market saw a total of 147 houses, townhomes, and condos sold… a decrease of 24.2% compared to the same period of 2013.  Detached home sales were down 17.5% and attached home sales  (condos/townhouses) were down 33.8%. Average…

67% Is a Big Number!

May 28, 2014 – Source: Coldwell Banker Real Estate LLC It’s no secret that the lack of inventory is a concern in most markets.  And it’s great to know that Coldwell Banker agents are doing what they can to change that.  Did you know 67 percent of all current Coldwell Banker University users are taking courses…

Chinese Home Buyers Still Impacting U.S. Market

MAY 28, 2014  – Source: Coldwell Banker Real Estate LLC Bingsen “Vincent” Ruan, with Coldwell Banker George Realty in Alhambra, CA, was recently interviewed by a local NBC news channel about affluent Chinese home buyers in LA. The news clip, titled “Affluent Chinese Home Buyers Boost LA Housing Markets” sheds light on a rapidly growing market….

California April Home Sales

May 14, 2014 – Source: DataQuick An estimated 37,988 new and resale houses and condos sold statewide in April. That was up 15.4 percent from 32,923 in March, and down 2.7 percent from 39,051 sales in April 2013, according to San Diego-based DataQuick. The month-to-month sales gain was higher than usual. On average, sales have…

Faster Pace for Southland Home Sales; Median Sale Price Edges Higher

May 13, 2014 –  Source: DQNews.com La Jolla, CA—Southern California’s housing market perked up a bit in April, with sales rising more than usual from March and dipping below a year earlier by the smallest degree in six months. Home prices edged higher again but at a slower pace, the result of more inventory, affordability…

Flood insurance relief bill heads to the president’s desk

Mar 13, 2014 – Source: sun-sentinel.com In a 72-22 vote, the U.S. Senate passed a flood insurance relief bill today that would limit rate increases paid by some property owners under the National Flood Insurance Program. The Senate chose to pass the bill as amended and passed by the House last week and it now heads…

New California 1031 Exchange Law – Effective January 1, 2014

Source: Old Republic Title Company – Nancy Rench, Vice President, Area Manager Orange County Annual Filing Requirement Effective January 1, 2014, all taxpayers – resident or non-resident – who sell California property in a 1031 exchange and purchase replacement property located outside of California will be required to report this annually to the California Franchise…

Rising Home Prices

Here are some interesting headlines from Inman:   Rising home prices a ‘double-edged sword’ in California “Improving home prices are a double-edged sword for the housing market. While welcomed news for homeowners and prospective sellers, diminished affordability is squeezing out many buyers and dampening their enthusiasm for home purchasing,” said 2014 CAR President Kevin Brown…

Why 2014 should be a good year for housing

Why 2014 should be a good year for housing Look for Fannie and Freddie’s new regulator to push for looser underwriting, down payment requirements. “That said, here are a few fearless forecasts for 2014 and beyond. For really big housing issues like comprehensive tax reform and replacement of Fannie Mae and Freddie Mac, forget about…

Understanding Today’s Homebuyers Powerpoint Presentation

If you are considering selling your home and you want to try to get “inside the head” of today’s homebuyers, the below recorded powerpoint presentation by the California Association of Realtors will be very interesting to you. The presentation helps you understand how buyers are shopping, how long they are shopping, and what motivates their…