The Real Estate Pulse » real estate sales http://therealestatepulse.net The Heartbeat Of The San Fernando Valley Real Estate Market Thu, 18 Sep 2008 13:31:53 +0000 http://wordpress.org/?v=2.8 en hourly 1 Home Sales Up In Hardest Hit Areas http://therealestatepulse.net/home-sales-up-in-hardest-hit-areas/ http://therealestatepulse.net/home-sales-up-in-hardest-hit-areas/#comments Wed, 28 May 2008 00:50:17 +0000 TREP http://therealestatepulse.net/?p=8 Yet Another Related Posts Plugin.]]>
Home sales are up in some of the metropolitan areas that have been hardest hit by the real estate and housing slump. The home sales aren’t typical sales however, they’re home sales that are being driven by lenders that are slashing prices on foreclosed properties.

All in all, home sales continue to stay weak as home sales of previously-occupied homes were down by 18% over last years already down numbers but the recent data regarding sales of foreclosed homes is a good sign for the housing and real estate market.

Sales are up in the areas that have been hardest by foreclosures and falling real estate prices…

Areas such as Las Vegas, Nevada, Sacramento, California and Detroit, Michigan are leading the way in foreclosed home sales.

According to the Wall Street Journal, the inventory of foreclosed homes held by lenders is hovering around half a million!

Many lenders have been holding on to their foreclosed properties to avoid slashing prices and to avoid huge losses but apparently the tide is turning somewhat as more and more lenders are unloading foreclosed properties at dirt-cheap prices

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://therealestatepulse.net/home-sales-up-in-hardest-hit-areas/feed/ 0 Median Price For Existing Single-Family Homes Down http://therealestatepulse.net/median-price-for-existing-single-family-homes-down/ http://therealestatepulse.net/median-price-for-existing-single-family-homes-down/#comments Thu, 22 May 2008 03:26:17 +0000 TREP http://therealestatepulse.net/?p=7 Yet Another Related Posts Plugin.]]>

The National Association of Realtors released a statement saying that median home prices were down in 100 of 149 metropolitan areas during the first 3 months of this calendar year…

On a national level the median price of an existing single family home for the first 3 months of the year was $196,300 according to the report.

To give you a frame of reference, the median price of an existing single family home for the first 3 months of last year was $212,600…

This report comes out a little late however as there does appear to be signs of the real estate market bottoming out recently…

Maybe not so much that the real estate market is bottoming out but more like correcting itself afters years of inflated home values.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://therealestatepulse.net/median-price-for-existing-single-family-homes-down/feed/ 0 Homes For Sale Down In Warm, Southewestern Cities http://therealestatepulse.net/homes-for-sale-down-in-warm-southewestern-cities/ http://therealestatepulse.net/homes-for-sale-down-in-warm-southewestern-cities/#comments Fri, 09 May 2008 04:39:40 +0000 TREP http://therealestatepulse.net/?p=6 Yet Another Related Posts Plugin.]]> The total number of homes for sale was down in some warm cities located in the Southwest and recent data is now showing that the number of unsold houses is no longer growing at a break-neck pace…

Cities such as Los Angeles, Las Vegas, Phoenix and Sacramento actually had fewer homes for sale available in April then they did in March so certain parts of the country may be starting to show signs of bottoming out and hopefully beginning to rebound soon.

Prices on homes continue to go down and the prices on some foreclosed homes are starting to attract buyers it seems.

The trend for most large, metropolitan areas however is the opposite unfortunately as cities such as Washigton, D.C., Seattle, Chicago, Boston and San Francisco had a larger inventory of homes for sale in April then they did in March.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://therealestatepulse.net/homes-for-sale-down-in-warm-southewestern-cities/feed/ 0 Slow Spring In Real Esatate So Far http://therealestatepulse.net/slow-spring-in-real-esatate-so-far/ http://therealestatepulse.net/slow-spring-in-real-esatate-so-far/#comments Mon, 21 Apr 2008 20:47:03 +0000 TREP http://therealestatepulse.net/?p=4 Yet Another Related Posts Plugin.]]> Spring is usually a month when real estate sales start to pick and begin to hit robust levels but this Spring has been anything but for the troubled real estate market…

Real estate sales have indeed slowed down and are slower then ever before for this time of the year but people are buying and in what seems to be increasing numbers.

With real estate plummeting why are people buying?

Mortgage rates are at an all time low at 5.88% for a 30 year fixed-rate loan and those that can withstand some short-term equity loss in a home that they plan on staying in for a while are jumping back into the real estate market and they’re not just looking.

It may in fact be a good time to buy for those in that position as there are plenty of good values out there with so many foreclosures on the market and with more and more sellers willing to negotiate.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://therealestatepulse.net/slow-spring-in-real-esatate-so-far/feed/ 0