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Industry Observer - CDRE #01044712

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2016 

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On May 5, 2016, RealtyTrack reported nationwide there were 6,703,857 or 12.0% properties with negative equity 1st quarter of 2016, decresed 638,000 from 7,341,000 or 13.2% of all properties in the 1st quarter of 2015. While, 33,622 of all the 6,703,000 negative equity properties would qulify for ...
05/31/2016

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On May 26, 2016, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales increased 5.1% to an index of 116.3 in April of 2016 from an index of 110.7 in March of 2016, and gained 4.6% to an index of 111.2 from April of 2015.Pending home sales index in th...
05/31/2016

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On May 16, 2015, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes was 58 points in May of 2016 same as 58 points in April of 2016. The HMI gauging sales expectations higher three points to 65 points, HMI buyer traffic index unchanged...
05/31/2016

6 Comments
Every year, on last Monday in May, and this year on Monday, May 30th, 2016. we celebrate Memorial Day holiday by gathering with family and friends, attend parades, and honor and praise those who lost their lives for our freedom.Memorial Day originally was known "Decoration Day" and observed on Ma...
05/30/2016

18 Comments
On May 19, 2016, Realtytrac.com reported there were 4,402 distress properties in April of 2016, dropped 16.0% from March of 2016, and fell 32.0% from April of 2015. While 48.7% were pre foreclosures, 32.2% were auctions, and 19.1% were REOs; one in every 1949 homes were in foreclosure, in April o...
05/28/2016

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On May 16, 2016, California Association of Realtors (C.A.R) reported home values decreased 0.2% at an average price of $236,850 in April of 2016 from $237,350 in March of 2016, but rose 8.1% from price of $219,150 in April of 2015. While, home sales gained 4.4% in April of 2016, from March of 201...
05/28/2016

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On May 23, 2016, California Association of Realtors (C.A.R) reported that pending home sales Index (PHSI) gained 4.5% to 141.6 in April of 2016 from 135.4 index in March of 2016, and rose 4.1% from Index of 135.9 in April of 2015 on an annual basis based on signed contracts.Regionally, in the Bay...
05/27/2016

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On May 20, 2016, National Association of Realtors® (NAR) reported that nationwide existing home sales increased 1.7% to annual rate of 5.45 million homes in April of 2016 from 5.36 million homes in March of 2016, and higher 6.0% from April of 2015. There were 2.14 million homes supplies of availa...
05/27/2016

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On May 24, 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 16.6% to an annual rate of 619,000 homes in April of 2016 from 531,000 homes in March of 2016, and jumped 23.8% from in April of 2015 an ann...
05/26/2016

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On May 20, 2016, National Association of Realtors (NAR) reported that regional existing home sales in the Northeast increased 2.8% in April of 2016 to an annual rate 740,000 homes from March of 2016, and jumped 17.5% from April of 2015. The median price in the Northeast was $263,600 in April of 2...
05/25/2016
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