Tag Archives: Consumer Confidence

REAL ESTATE: Home prices rise 18 percent; sales decline – Press

Southern California’s real estate market had its strongest February in six years, as a record share of homes sold to absentee buyers and the move-up market gained momentum. There were 15,945 sales of new and resale houses and condos across … Continue reading

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Foreclosures Fall Due to New Laws

Foreclosure activity fell 28 percent from a year ago nationally, according to a new report from RealtyTrac, but in California, they were down nearly 40 percent. More telling is foreclosure starts, the first notice of a foreclosure filling. In California … Continue reading

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Mortgage Mess Still Mires US Housing Recovery

Mortgage applications to purchase a home dropped more dramatically than did refinances, down 10 percent from the previous week. While one week does not a trend make, rising mortgage rates, coupled with severe inventory shortages, are not the mix needed … Continue reading

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Charleston SC Real Estate Website Focuses on Buyers

CHARLESTON, S.C., Jan. 30, 2013 (SEND2PRESS NEWSWIRE) — Carolina One and the Historic Charleston Group announced this week the launch of a new website that promises to deliver valuable and practical information to buyers in the Charleston, South Carolina real … Continue reading

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Pending Home Sales Surge to Five Year High

Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September. The monthly gauge of pending home sales from the National Association … Continue reading

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Yes, Housing Starts Surge, but Rentals Are the Drivers

The headline number for housing starts was big, exceeding expectations and sending the home builder stocks on yet another tear. Starts hit 894,000 (annualized) in October, over 50,000 more than the analysts forecast. Housing starts are now at their highest … Continue reading

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Yes, Housing Starts Surge, But Rentals Are the Drivers

The headline number for housing starts was big, exceeding expectations and sending the home builder stocks on yet another tear. Starts hit 894,000 (annualized) in October, over 50,000 more than the analysts forecast. Housing starts are now at their highest … Continue reading

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What Today’s Jobs Report Says About the Housing Market

Any jump in jobs is good for housing, and October’s gain of 171,000 is no different. One of the biggest barriers to entry for potential home buyers, new and move-up, has been uncertainty in employment. So this positive report can … Continue reading

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Housing industry recovering faster than many economists expected

Housing is snapping back faster than many economists had expected, with home builders stepping up production of new homes nationally and fresh foreclosures in California falling to their lowest level since the early days of the bust. Demand for housing … Continue reading

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Tax deduction for mortgage interest could be targeted

SAN FRANCISCO — The mortgage interest tax deduction beloved by many Americans is a logical target for raising revenue to deal with growing deficits, a leading housing economist said Friday. “For fiscal sustainability, we need to get revenue,” said Richard … Continue reading

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