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Author Archives: Minda Reves
Over/Under: The Housing Game
Les Christie, at CNNMoney.com wrote an interesting article, “Most over- and under-valued housing markets” discussing why investors are returning to the real estate market, “Home price declines have sent affordability soaring. Prices have fallen so far that the average U.S. home is now undervalued … Continue reading
November 30th Deadline Spurs Pending Home Sales
The breaking news in real estate is that pending home sales are up and have been for the past three months! Why? Lawrence Yun, Chief NAR Economist, has the answer, “Housing affordability conditions have been at historic highs, but now the $8,000 first-time … Continue reading
Hip, Hip, HUDray! Use That $8K Today
So, you’ve probably heard about the $8,000 tax credit available to first-time homebuyers. Well, the real drag about this offer was that buyers had to wait until tax refund time to see that eight grand and didn’t get it right away to … Continue reading
And Now a Message from the California Association of Realtors
In April, California home sales were up and prices were down, and C.A.R. has the stats to prove it, “Home sales increased 49.2 percent in April in California compared with the same period a year ago, while the median price of an existing … Continue reading
Almost 1-in-2 of All New Neighbors Bought a Bargain!
The Wall Street Journal had this interesting factoid in its latest article on home sales, “About 45% of the 4.68 million in April sales were foreclosures and short sales.” So, that means if any families recent moved onto your street, the odds are … Continue reading