1.Area real estate market is recovering, but not for everyone
“All signs point to the recovery of the region’s real estate market after nearly eight years in the tank.”
2.Real Estate Market Mid-Year Review: Your Home
“The mercury outside is rising, but how is the temperature of the real estate market so far this year?”
3.Goodbye Seller’s Market?
“For-sale and open-house signs have been popping up right and left. If this was April or May, it wouldn’t be all that surprising. But we are now in sweltering mid-July, the dog days of summer and traditionally a dead zone for open houses and new listings.”
4.Economy needs consumers to chip in
“U.S. can’t escape slow rate of growth until wages rise, Americans spend more ”
5.Record number of real estate purchases go to foreign buyers: Canadians target Las Vegas, Detroit Los Angeles, and Florida in General. Chinese targeting Los Angeles, San Francisco, Irvine, Las Vegas, Detroit, and Florida as well.
“Investor buying continues to be a major player in the current housing market. Over the last two weeks I’ve had the chance to drive down neighborhoods were international money is flooding in. It does give off reminders of when Japanese buyers were purchasing tons of California and Hawaiian real estate. When it comes to California, there are certain cities where international money is pouring in.”
6.Housing markets ‘normalize’ although sales drop
“The housing bust which spawned the economic downturn in Southern California is making a steady recovery.”
7.Seattle Region May Home Sales
“The number of homes sold in the Seattle area in May dropped below the year-ago level and fell short of the historical average as activity declined below $500,000 and the share of homes sold to cash and absentee buyers waned. The median price paid for a home rose to the highest level since late summer 2008 but price appreciation continued to throttle back, a real estate information service reported”