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Industry Observer - CDRE #01044712

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2016 

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In March of 2016, Realtytrac.com reported there were 4,449 distress properties in February of 2016, fell 23.0% from of 2016, and dropped 25.0% from February of 2015. While 48.9% were pre foreclosures, 25.4% were auctions, and 25.7% were REOs; one in every 2140 homes were in foreclosure, in Februa...
03/30/2016

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On March 28, 2016, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales increased 3.5% to an index of 109.1 in February of 2016 from an index of 105.4 in January of 2016, and gained 0.7% to an index of 104.5 from February of 2015.Pending home sales i...
03/30/2016

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On March 23, 2016, California Association of Realtors (C.A.R) reported that pending home sales Index (PHSI) jumped 26.4% to 120.9 in February of 2016 from 95.6 index in January of 2016, but dropped 0.4% from Index of 121.4 in February of 2015 on an annual basis based on signed contracts.For compl...
03/29/2016

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On March 21, 2016, National Association of Realtors® (NAR) reported on median home value price was $210,800 in February of 2016 higher 4.4% from the price of $201,900 in February of 2015.Single family home sales dropped 7.2% to annual rate of 4.51 million unit in February of 2016, from the annual...
03/29/2016

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On March 16, 2016, California Association of Realtors (C.A.R) reported that homes values decreased 3.2% to an average price of $226,870 in February of 2016 from an average price of $234,460 in January of 2016, but gained 6.0% to an average price of $213,930 in February of 2015. While, homes sales...
03/28/2016

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On March 23, 2016, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau reported nationwide new single family home sales rose 2.0% to an annual rate of 512,000 homes in February of 2016 from 502,000 homes in January of 2016, but down 6.1% from in February of 2015 ...
03/28/2016

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Christians throughout the world we celebrate The Holy Week and Easter Holiday, this week. This year we are celebrating Easter for the Resurrection of Our Lord on Easter Sunday, March 27, 2015.The greatest joy and gift to have is the opportunity to exchange courteous and gracious greetings with th...
03/27/2016

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On March 22, 2016, The Federal Housing Finance Agency (FHFA) announced that the U.S. house price were higher 0.5% in January of 2016 from December of 2015, and rose 6.0% from November of 2014 based on home sales values obtained from mortgages sold to or guaranteed by FNMA and Freddie Mac.Nationwi...
03/25/2016

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On March 21, 2016, National Association of Realtors® (NAR) reported that nationwide existing home sales decreased 7.1% to annual rate of 5.08 million homes in February of 2016 from 5.47 million homes in January of 2016, but rose 2.0% from February of 2015. There were 1.88 million homes supplies o...
03/25/2016

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On March 16, 2016, California Association of Realtors (C.A.R) reported that homes values increased 0.3% to an average price of $334,440 in February of 2016 from an average price of $333,370 in January of 2016, and gained 3.5% to an average price of $323,220 in February of 2015. While, homes sales...
03/24/2016
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