Housing Market
Existing Home Sales Jump in March
Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of
Sales Pace Surge and Price Appreciation in SoCal
The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000
More Mixed Signals
While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts
Homebuilder Optimism Looking Up
The NAHB Builder Confidence Index rose 4 points in April to 56. This was the first rise in five months although the index had never dropped below 50 during this
Balanced Market in San Diego
Broker sees benefits to both buying or selling homes in the highly desirable San Diego market. Among his picks as two of the top submarkets – North County and the
New Homes Sales Up
February new home sales data came in at 539,000 units. This marks a 7.8% improvement from the prior month and a 24.8% increase from the year ago period. While it
Mixed Signals in the New Home Market
A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather
Orange County New Homes Hitting New Highs
Orange County has been a hotbed of new home activity over the past few years as demand from affluent families and foreign buyers has resulted in ever-increasing prices combined with
Builders Reporting Strong Spring Sales
Consistent with anecdotal reports from in the trenches, the data seems to be proving out that the spring selling season is shaping up to be an improvement over the prior
Spring Selling Season Starts Off on Right Foot
Although recent existing home sales data has not been that encouraging, new homes sales as reported by the builders would seem to indicate that the spring selling season is off
