Real Estate News 4.3.14

1.U.S. Stocks Fluctuate Near Record on Jobless Claims Data
“U.S. stocks fluctuated, with benchmark indexes trading near records, as data on jobless claims and services missed estimates while the European Central Bank indicated it would take action to head off deflation. “

2.Houses taking about two months to sell
“The following update on local real estate information for Fullerton is based on Multiple Listing Service data as of March 27. “

3.HOME PRICES: Inland home prices doing double-time
“Real estate in the Inland region is still having a field day when it comes to price appreciation, give the new CoreLogic chart predicting price growth.”

4.REAL ESTATE: One reason for Inland sprawl: Price
“Smart Growth America has just released a new Measuring Sprawl 2014 report and my hunch is many real estate watchers aren’t surprised to see Inland Southern California on the Top 10 list of large metro areas in the nation with urban sprawl.”

5.Money Average US 30-Year Mortgage Rate Rises to 4.41 Pct
“Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.”

6.5 Things Your Real Estate Agent Won’t Tell You (VIDEO)
“Buying a home can be a wonderful investment and, not to mention, an exciting new life step. But between shopping for mortgages, scouring listing services and visiting one open house after another, it’s certainly not a simple, one-stop-shop kind of process. And (as if that wasn’t enough to deal with) there’s also the small little detail of coping with real estate agents. “

7.Investors scale back home purchases – who will fill the gap?
“Investors are scaling back home buying, according to data released Wednesday, and there’s concern that the gap in purchases won’t be filled as prospective first-time buyers struggle with a choppy jobs market and high barriers to obtaining a mortgage.”

8.Real estate investment clubs for fun and profit, with luck
“Kimberly and Edward Rushing’s fledgling real estate investment venture got off to a rocky start”

9.Inventory slowly creeps back into the California housing market: Homes for sale in Los Angeles up nearly 18 percent year-over-year and price gains stall. Cash sales still a big part of market.
“Inventory is finally starting to show up in the California housing market.  The main motivator of this growing inventory is the delusional prices being asked by sellers are no longer generating massive amounts of sales from house lusting buyers.”

10.Home Sellers: What a Great Agent Can Do For You
“You already know the smart way to sell your home is through a real estate professional, but you may not realize how much your agent really does for you.”

11.Home Prices Will Keep Rising, but Level-Off Soon
“Home prices continue to increase by double digit percentages on a year-over-year basis CoreLogic said today.  The company’s Home Price Index (HPI) for February, an index that includes distressed sales, was up 12.2 percent compared to February 2013.”

TonyAlvarez.com

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