Thursday, March 26, 2015
CALIFORNIA PENDING HOME SALES CLIMB IN FEBRUARY
Pending home sales in California soared in February to record the first double-digit annual gain in nearly three years and the third straight year-to-year increase, suggesting improved market conditions and more closed transaction in the coming months, California Association of Realtors (C.A.R.) reported this week.
For all of your Real Estate questions or needs, contact Bob O'Brien, Realtor® license #01195048 since 1995, www.bobrealestate.com.
Wednesday, March 25, 2015
Menifee Veterans Memorial
The Menifee Veterans Memorial will serve as a lasting tribute to the past, present, and future veterans of the United States Military who have provided unselfish and honorable dedication and service to our country.
The Menifee Veterans memorial logo was designed to reflect the "respectful" emotion of this project in a professional presentation, and still maintain multiple media usage.
Whearfield Park is the home to the Memorial on a space of parkland dedicated and donated by the Valley-Wide recreation and Park District.
The focal point of the Memorial is the 5-Sided star representing the 5 branches of the US Military. Benches and planters will surround the star to offer a reflective and quiet place.
This beautifully designed memorial will be a place for family and community members to gather to remember those that gave their lives in service to protect our freedom.
For all of your Real Estate questions or needs, contact Bob O'Brien, Realtor® license #01195048 since 1995, www.bobrealestate.com.
Mortgage News
Mortgage News
Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of Realtors®.
The Pending Home Sales index, a forward looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4 percent above January 2014 of 96.1. This marks the fifth consecutive month of year-over-year gains with each month accelerating the previous month's gain. Contract signings are considered leading indicators meaning they show "want" activity and numbers are expected to be two and three months in the future. For your individual questions about purchasing your next home contact Bob O'Brien, www.bobrealestate.com, your Southern California licensed (01195048) Realtor® since 1995.
Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of Realtors®.
The Pending Home Sales index, a forward looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4 percent above January 2014 of 96.1. This marks the fifth consecutive month of year-over-year gains with each month accelerating the previous month's gain. Contract signings are considered leading indicators meaning they show "want" activity and numbers are expected to be two and three months in the future. For your individual questions about purchasing your next home contact Bob O'Brien, www.bobrealestate.com, your Southern California licensed (01195048) Realtor® since 1995.
Home Sales Report
Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of Realtors®.
Friday, March 20, 2015
Southern California Housing Market Forecast 3-20-15
Southern California Housing Market Poised for a Stronger Spring
Source: L.A. Times
Market watchers and real estate agents say they're starting to see more sellers as prices remain relatively high, interest rates stay low and fewer borrowers owe more on their houses than they're worth. Selma Hepp, senior economist at the CALIFORNIA ASSOCIATION OF REALTORS®, says measures of buyer interest — online real estate searches and open-house traffic — have jumped in recent weeks. If that activity translates into sales, it could put a new round of pressure on pricing, she said. “The fundamentals are good," Hepp said. "But affordability is going to stare us right in the face again."
Source: L.A. Times
Market watchers and real estate agents say they're starting to see more sellers as prices remain relatively high, interest rates stay low and fewer borrowers owe more on their houses than they're worth. Selma Hepp, senior economist at the CALIFORNIA ASSOCIATION OF REALTORS®, says measures of buyer interest — online real estate searches and open-house traffic — have jumped in recent weeks. If that activity translates into sales, it could put a new round of pressure on pricing, she said. “The fundamentals are good," Hepp said. "But affordability is going to stare us right in the face again."
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