Home Prices Make Largest Leap in 6 Years

By Tiffany Hsu

RISMEDIA, Friday, October 05, 2012— (MCT)—Home prices nationwide are recovering, making their largest leap in more than six years in August, according to a new report. Prices soared 4.6 percent in August from the same month last year, the biggest year-over-year increase since July 2006, according to real estate data provider CoreLogic in Irvine, Calif. And the gauge rose 0.3 percent from July for its sixth straight monthly increase. All but six states are experiencing the gains, with only 20 of 100 major cities showing price depreciation, according to CoreLogic. In July, 26 major metro areas experienced slumps. The overall increase is magnified by factoring out the weight of distressed sales, including short sales and foreclosures, CoreLogic said. The measure jumped 4.9 percent year over year and was up 1 percent from July. The surging prices “bode well for a progressive rebound in the residential housing market,” says CoreLogic Chief Executive Anand Nallathambi. “Sustained economic recovery in the U.S. requires a healthy housing market,” he said. “You cannot have a healthy housing market without price stabilization and ultimately home price appreciation.” States such as Idaho, Nevada, Utah and Hawaii saw some of the largest price boosts. Arizona led the country with an 18.2 percent increase. In Rhode Island, however, prices dipped 2.6 percent. Illinois, New Jersey, Alabama and Connecticut also had falling prices. The national measure is still 26.7 percent below the pricing peak reached in April 2006. But several other reports recently have also suggested a steady upward trend. Last month, the government said the median price of new single-family homes was at a five-year high. A separate report from the Standard & Poor’s/Case-Shiller index noted four consecutive price increases. Other data in the past few months have showed boosts in new housing starts and existing home sales as well as mortgage rates at record lows. Pending sales of existing homes, however, fell in August from a two-year high.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

JUST Listed!!! 9109 Feather River Way, Sacramento, Ca 95826

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Sierra Oaks, Wilhaggin, Del Dayo and Shelfield - Sales Data for September 2012

There were 12 homes sold in Sierra Oaks, Wilhaggin, Del Dayo and Shelfield in the month of September, 2012. This is the same from the 12 sold in August, 2012.  Here are the addresses and specific details:

Currently there are: 33 Active listings, 1 Active short sale listings, 2 Short Sales waiting for lender approval and 15 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Sierra Oaks, Wilhaggin, Del Dayo and Shelfield areas.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Arden Park and Arden Oaks - Sales Data for September 2012

There were 7 homes sold in Arden Park and Arden Oaks in September, 2012.  That is a decrease from the 12 sold in the month of August, 2012.  Here are the addresses and specific information:

Currently there are: 23 Active listings, 1 Active short sale listings, 4 Short Sales waiting for lender approval and 8 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Arden Park or Arden Oaks area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Elmhurst and Tahoe Park Sales Data - September 2012 (Sacramento, Ca)

There were 13 homes sold in Elmhurst and Tahoe Park in the month of September, 2012.  That is a decrease from the 10 homes sold in the area in the month of August, 2012.  Here are the addresses and specific information.

Currently there are: 11 Active listings, 0 Active short sale listings, 24 Short Sales waiting for lender approval and 25 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Tahoe Park / Elmhurst area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Land Park and Curtis Park Sales Data - September 2012 (Sacramento, Ca)

There were 13 homes sold in Land Park and Curtis Park in the month of September, 2012 .  That is a decrease from the 20 homes sold in the month of  August, 2012.  Here are the addresses and specific information.

Currently there are: 29 Active listings, 2 Active short sale listings, 10 Short Sales waiting for lender approval and 24 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the Land Park or Curtis Park area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

East Sacramento: McKinley Park, Fab 40's, River Park, East Sac, East Portal Park - Sales Data for September 2012

There were 23 homes sold in East Sacramento in the month of September , 2012.  That is a increase from the 22 homes sold in the area in the month of August 2012 .  Here are the addresses and specific information.

Currently there are: 55 Active listings, 12 Active short sale listings, 18 Short Sales waiting for lender approval and 31 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the East Sacramento area.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

College Greens / Glenbrook Sales in September 2012 (Sacramento, Ca)

There were 11 homes sold in College Greens / Glenbrook for the month of September, 2012.  That is a decrease from the 26 sold in August.  Here are the addresses and specific information.

 Currently there are: 10 Active listings, 2 Active short sale listings, 20 Short Sales waiting for lender approval and 27 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 

Rosemont Sales in September 2012 (Sacramento, Ca)

There were 20 homes sold in Rosemont in the month of September, 2012.  That is an decrease from the 29 that sold in August, 2012.  Here are the addresses and specific information.

 Currently there are: 8 Active listings, 2 Active short sale listings, 32 Short Sales waiting for lender approval and 20 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Home-Builder Optimism Hits 6-Year High

By Steve Goldstein RISMEDIA, September 20, 2012—

Optimism among the nation’s home builders climbed in September for the fifth straight month to reach the highest level in more than six years, according to a closely followed index released Tuesday.

The National Association of Home Builders housing market index gained three points to a seasonally adjusted reading of 40, the highest the index has been since June 2006. Economists polled by MarketWatch had anticipated a reading of 38.

The index still isn’t at the 50 level, indicating “good” conditions, but has climbed back from as low as eight during the recession. The index didn’t even break 20 until December 2011.

“The traffic through the model homes is increasing, but it’s also the quality of the traffic that is increasing. We’re moving from window shoppers to people who are real buyers, people who are ready to put down a deposit,” said NAHB senior economist Robert Denk to MarketWatch Radio.

Gains were made in all regions and in each of the index’s three components. The present sales component rose four points to 42, sales for the next six months jumped eight points to 51, while traffic of prospective buyers edged up one point to 31.

Though the index historically tracks closely with single-family housing starts, the recovery in optimism has outpaced the hard data. In July, single-family starts reached a seasonally adjusted annual rate of 502,000, a gain of 42 percent from March 2009 lows. The Commerce Department reports August housing starts data on Wednesday.

Goldman Sachs, ahead of the data, upgraded its rating on the shares of several builders and said it expects growth in housing activity in a range of 20 percent to 30 percent for each of the next few years.

Also Tuesday, Ryland Group, a builder based in Southern California, reported that orders for July and August climbed 62 percent compared to the same two months of 2011. 

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Sacramento area sees fewer foreclosures

Sacramento bee, Hudson Sangree Aug. 24, 2012

Foreclosures and foreclosure activity continued to fall in the Sacramento area in June compared with the same month last year, real estate tracking firm CoreLogic reported Thursday.

Foreclosures in the four-county Sacramento region represented about 2.4 percent of outstanding mortgage loans in June, a decrease of more than half a percentage point from June 2011 and lower than the national average of 3.3 percent in June 2012, the Santa Ana-based firm reported. The rate of foreclosures in the Sacramento was the lowest since January 2010, CoreLogic data showed.

The mortgage delinquency rate also fell in June, CoreLogic reported. About 6.4 percent of home loans were 90 days past due in June 2012 compared with 8.6 percent in June 2011, the firm said.

The rate of 90-day delinquencies in the Sacramento area has steadily fallen since January 2010, when it stood at nearly 12 percent.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

List of Improving Housing Markets Expands to 99 in September

RISMEDIA, September 11, 2012—

The number of improving housing markets across the country rose to 99 in September, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released recently. This is up from 80 metros that were listed as improving in August and includes representatives from 33 states as well as the District of Columbia.

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Markets added to the list in September include such geographically diverse locations as Tucson, Ariz.; Jacksonville, Fla.; Springfield, Ill.; Greenville, N.C.; and Bend, Ore.

“The number of improving housing markets grew by 19 in September as 68 metros retained their spots, 31 new metros were added and just 12 dropped off the list,” notes Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. “This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next.”

“More metros across the country are experiencing a sustained uptick in house prices, employment and new building activity as rising consumer confidence in local market conditions pushes more people to consider a new-home purchase,” observes NAHB Chief Economist David Crowe. “That said, overly tight lending conditions for builders and buyers continue to slow this process considerably.”

“Combined with recent positive reports on builder confidence, housing starts and new-home sales, the September IMI adds to the growing consensus that housing is finally moving in the right direction, which in turn is spurring more potential buyers to get off the fence,” adds Kurt Pfotenhauer, vice chairman at First American Title Insurance Company.

The IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. NAHB uses the latest available data from these sources to generate a list of improving markets. A metropolitan area must see improvement in all three measures for at least six months following those measures’ respective troughs before being included on the improving markets list.

A complete list of all 99 metropolitan areas currently on the IMI, and separate breakouts of metros newly added to or dropped from the list in September, is available at www.nahb.org/imi.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com