Archives for February 2013

January Existing-Home Sales Hold with Steady Price Gains, Sellers Market Developing WASHINGTON (February 21, 2013) Existing-home sales edged up in January, while a seller's market is developing and home prices continue to rise steadily above year-ago levels, according to the National Association of Realtors®. Sales rose in every region but the West, which is the region most constrained by limited inventory. Total existing-home sales1, which are completed transactions that include … [Read more...]

http://www.realtordeb.com/203/

WALLY (The Skier Realtor): MONTHLY LAKE TAHOE EXPERIENCE

As I look out our office window this beautiful sunny morning, there’s not a cloud in the sky and the temps are predicted to warm into the mid 40s at lake level for most of the week.Skied at Heavenly yesterday with a good buddy from the North Shore. The best snow on the runs is for the first couple of hours in the morning on the fun groomers that Heavenly in particular prepares so well on a daily basis…of course the views from the mountain are always spectacular and enjoying a hot chocolate on a … [Read more...]

Are Home Prices Rising Too Fast?

Are Home Prices Rising Too Fast? Daily Real Estate News | Wednesday, February 06, 2013 In a historical context, home prices typically increase about 3 to 4 percent a year.  But in the years preceding the housing crash, prices in 2002 started soaring 7 percent a year, then 8 percent in 2004, and 12 percent by 2005, CNBC.com reports. A "new bubble" may be forming, CNBC columnist Diana Olick writes. CoreLogic's latest housing data shows home prices rose 8 percent in December year-over-year, the … [Read more...]