April 26 Real Estate Market Update - Sellers Market ending

April 26 Real Estate Market Update - Sellers Market ending

Recent reports show that price gains may be slowing and that inventory levels are beginning to bottom out.  When you combine that with higher interest rates coming in 2014, it appears that this summer may be the end of the current Seller's Market.

April 22 Real Estate Update

April 22 Real Estate Update

Inventory levels are beginning to rise at the national level.  Inventory was up 1.6% in March from the month prior. Those small increases will begin to have an impact on the rate of increase we have seen recently.

April 18th 30 Sec Real Estate Update

http://www.viddy.com/1wisedad/v/april-18-30-sec-real-estate-market-update-price-up-Cpa4OY 

Fannie Mae announced in their most recent economic report that the real estate recovery is "more robust" than they anticipated and that they are now projecting real estate values to increase by 5.1% over the next year.  In Ventura County we have already seen a spike in rates with real estate values up over 10% from a year ago.  In Camarillo, values have increased by over 13% from a year ago.  See the chart below.  

 

These are welcomed gains, but when you put this in perspective with where we have come from, it just appears as a good sign.  The chart below gives you a little deeper look at home prices in Camarillo over an extended period of time.  

 

The question is how long can the markets sustain that type of growth in spite of the overall economy.  At some point this year or beginning of next we are expecting inventory levels to begin to rise.  In addition, we also anticipate that interest rates are likely to increase in 2014.  These changes will certainly lead to slower growth.  So, if you are considering selling your home in Camarillo or the surrounding Ventura County or Los Angeles County market, now may be the right time to get the premium you have been needing to move on or move up.  Call me if that time is now for you.  

April 16 30 Sec Real Estate Update FC's up!

April 16 30 Sec Real Estate Update FC's up!

April 16 30 Sec Real Estate Update - Foreclosureradar.com is reporting that foreclosure activity is up 72.5% from January 2013. Numbers are still lower than they were a year ago, but it is a disturbing trend that we need to keep an eye on.

April 11 - 30 Sec Real Estate Market Update

April 11 - 30 Sec Real Estate Market Update

FHFA extends HARP through December 2015. 

April 10 - 30 Sec Daily Market Update

http://www.viddy.com/1wisedad/v/april-10-30-second-real-estate-market-update-jOF7tV April 10 - 30 Sec Daily Market Update

The National Association of Realtors is reporting that the 71% of the lenders they surveyed believe that the recent trends of increasing real estate values is a sustainable trend into the near future.  It's always good with a majority of the lenders believe that values will be improving.  Usually that means they will follow suit with lowering their underwriting standards.

April 9 - 30 Sec. Real Estate Market Update

April 9 - 30 Sec. Real Estate Market Update

Housing inventories beginning to rise!  Good sign for buyers this summer and a sign that we should see prices stabilize in the near future.