No surprise here: San Francisco homebuyers who want a Golden Gate Bridge View are going to pay handsomely for it. Also, Bay Area homeowners remained the nation's most equity-rich in the first quarter. Get the lowdown in Pacific Union's latest Real Estate Roundup.
Tag Archive: equity
Rising home prices have helped homeowners get back above water on their mortgages over the past year -- especially in the Bay Area. In fact, the San Jose and San Francisco metro areas rank Nos. 1 and 2 in the nation for the highest percentage of owners with at least 50 percent equity in their homes.
A pair of housing reports confirms that foreclosures and distressed-property sales have dropped dramatically in California, eliminating the "shadow inventory" that hovered over the housing recovery a year ago.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that Bay Area home sales leveled off in August and prices dipped slightly. Also, a discussion on the impact of rising mortgage rates and a report on homeowners regaining equity. And in the we're-not-making-this-up department, observers see a link between rising home prices and divorce rates.
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.
April 25, 2013 • Posted in Bay Area, Bay Area Real Estate Market Reports, E-Magazine, Market Conditions, Market Insights, Pacific Union International, Pacific Union Quarterly Reports, Real Estate News
After record-breaking results in 2012, real estate activity in the first quarter suggests 2013 will once again reach new highs. Pacific Union’s Quarterly Real Estate Report has the facts and numbers behind the good news.
Rising prices helped lift 1.7 million homes above water in 2012, according to a new report, and an additional 5 percent rise in prices will restore positive equity to another 1.8 million homes.
News this week of interest to homebuyers, home sellers, and the home-curious: The Bay Area is No. 1 in the nation for home price gains since January 2009. In just the month of August, homes prices were up 5.3 percent from a year earlier. Also: Americans remain wary of home ownership, and the collateral cost of foreclosures is nearly $2 trillion.
News this week of interest to homebuyers, home sellers, and the home-curious: Appraisals are being blamed for holding back home sales. Meanwhile, the shadow inventory of homes is shrinking and the number of foreclosures continues to fall.
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