Tag Archives: Downturn

The Other Housing Recovery: Agents’ Pay

About half of all licensed agents are members of this industry group, which is meeting in Washington, DC this week for a semi-annual conference. “To put that in perspective,the median realtor income had fallen by 35 percent during the housing … Continue reading

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More Jobs in Housing, but Workers Aren’t Returning

“One of the reasons is because they are not paying well yet,” said Lisa Marquis Jackson, an analyst with John Burns Real Estate Consulting. “The wages were cut so much in the downturn, so until those prices get back to … Continue reading

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Southland Begins 2013 With Sales and Price Gains Vs. Year Earlier

La Jolla, CA – February 13, 2013 – (RealEstateRama) — Southern California’s housing market started 2013 with the highest January home sales in six years as sales to investors and cash buyers hovered near record levels and move-up activity remained … Continue reading

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Foreclosures drop in Bay Area, California

Foreclosure and default notices in the Bay Area and California have fallen to their lowest levels since before the housing downturn, according to a report released Wednesday. The report from San Diego’s DataQuick highlights how the foreclosure crisis appears to … Continue reading

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Calif. has 1 real estate licensee for every 33 homes

Despite a big drop in the number of people with real estate licenses, California still has 41 percent more real estate licensees these days than at the bottom of the housing market’s last downturn in the 1990′s, state figures show. … Continue reading

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$800 million realty deal could include many Sacramento properties

A Southern California real estate company is closing in on the purchase of a staggering portfolio of buildings assembled by the late Sacramento developer Joe Benvenuti, according to numerous local sources. The deal would be one of the largest in … Continue reading

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Apartment Demand Ebbs as ‘Avalanche’ of New Units Open

One of the biggest upsides to the downturn in housing has been a surge in demand for apartments. Whether burned by foreclosure or afraid of losing money in homeownership, Americans have run in droves to rent. That resulted in a … Continue reading

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Real Estate Slump Makes Beachfront Homes More Affordable

(Source: By Kevin Post, The Press of Atlantic City, Pleasantville, N.J. (MCT) The bottom of this real estate cycle, which went deeper than anyone expected, has produced something else surprising: beach-town bargains. Properties on or near the ocean typically hold … Continue reading

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SF property values rebounding

San Francisco property values, as seen through the prism of annual tax assessments, are showing strong signs of rebounding, according to Assessor Phil Ting. Meanwhile, a separate report showed the number of underwater homes in the nine Bay Area counties … Continue reading

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Is Housing Recovery Real? Not Everyone Is Convinced

Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices. The … Continue reading

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