Recent news of interest to homebuyers, home sellers, and the home-curious includes a trend that finds many first-time buyers unable to get a foot in the door in the Bay Area’s pricey, competitive housing market. Also, another report finds that things are getting even tougher for middle-class homebuyers in the Bay Area and California.
Green housing projects accounted for 20 percent of all new-home construction in 2012 and could reach 38 percent in just three years. The payback: Energy-efficient features can add 9 percent to a home’s value when it’s time to sell.
Both The Wall Street Journal and USA Today have noted recently that rising home prices in the San Francisco metropolitan area are sustainable because of its strong economic base.
An increasing number of sellers are putting their homes on the market in Napa County this spring, and other regions in the Bay Area and Tahoe/Truckee are also seeing more homes for sale after months of exceptionally tight inventories.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a forecast of 10 percent growth in home prices this year and 8 percent growth next year. Also, lenders are warming up to home equity loans again, and sales of new and existing homes posted solid gains in March.
It has been a bitterly cold few years for would-be sellers in the Bay Area, but spring is bringing welcome warmth for both home values and buyer activity. Many homeowners who believe they are “underwater” may be surprised to learn that they’ve regained equity based on recent sale prices for comparable homes in their neighborhood.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that a shortage of homes has held back sales for a second straight month. Also, Fannie Mae says the housing industry will help spur U.S. economic growth throughout 2013.
Bay Area home prices continued to climb higher in March, with the median price of all sales up 33 percent from a year earlier, according to the California Association of Realtors. All nine Bay Area counties posted double-digit increases.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that the number of available homes for sale in San Francisco was up 14 percent in March from February, but it’s still far down from a year earlier. Also, U.S. foreclosure filings are down dramatically from a year ago, and a ranking of the happiest jobs in America put real estate agents at the top of the list.
A recent survey of U.S. banks found that lenders are bullish on the housing recovery and confident that home prices are rising at a sustainable pace.