January 2012

Found 8 blog entries for January 2012.

If past history is any guide, the new lunar year could be when the housing recovery really gets under way.

Prices U.S. Calif. O.C.
1976 +7.9% +16.9% na
1988 +4.3% +18.4% +24.9%
2000 +4.3% +11.0% +12.6%
Sales


1976 +23.7% +23.0% na
1988 +2.2% +10.0% +7.9%
2000 -1.0% -0.4% +2.2%

The Year of the Dragon officially begins today.

Not only is this slice of the zodiac associated with prosperity, it’s also associated with rising home prices and, more often than not, increased home sales — at least the last three times it came around.

Just look at the statistics from state and national Realtor associations.

Home prices were up considerably the last three Years of the

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Rents in the OC are on the rise as less people are out of work. Orange County Register reports Irvine, Calif. as the highest increase in rents with a meteoric 8.9% equating to a $155 monthly increase to $1,897. The irony is the 30-year mortgage as fallen to a record low and home prices have not been appreciating. One reason rents are rising is occupancy has gone up and many people still don’t qualify for homes because banks are requiring pristine credit. Politically speaking the Federal Reserve’s monetary easing of rates only benefits the 1% while the 99% are taxed in other obscure ways, in this case, rising rents. Now that banks don’t have an insatiable appetite to push loans through so they can package and repackage them in investments that fueled

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The American dream of homeownership is a very feasible aspiration for 2012.

There are many benefits of owning a home. Yet some first-time buyers are skeptical of purchasing with the uncertainty surrounding the housing market.

The uncertainty many reference when speaking about the housing market involves a specific date when home values will increase. Since no one can pinpoint this date, the word uncertainty (when paired with the housing market) often reveals a negative connotation.

There are some factors we can be certain about in this housing market such as home values rebounding. This is true; the housing market often moves in cycles.

It’s safe to assume that many Americans harbored the same uncertainty during the George H. W. Bush

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The American dream of homeownership is a very feasible aspiration for 2012.

There are many benefits of owning a home. Yet some first-time buyers are skeptical of purchasing with the uncertainty surrounding the housing market.

The uncertainty many reference when speaking about the housing market involves a specific date when home values will increase. Since no one can pinpoint this date, the word uncertainty (when paired with the housing market) often reveals a negative connotation.

There are some factors we can be certain about in this housing market such as home values rebounding. This is true; the housing market often moves in cycles.

It’s safe to assume that many Americans harbored the same uncertainty during the George H. W. Bush

Read Full Post »

IT'S A GREAT TIME TO BUY A HOME!

 

A former housing market skeptic has become a housing market booster, telling a gathering of real estate insiders Thursday that now is “a great time to buy a home.”

Chris Thornberg, a former UCLA economist and a founding principal of Beacon Economics, once derided the National
Association of Realtors and other housing industry bulls for saying that same thing back when the economy was overheated.

Thornberg told the Orange County Register that buying a home was folly in 2007, soon after the Realtor association launched an ad campaign telling Americans back then it was a good time to buy or sell a home.

“What’s the point of buying today when you can buy it for 10 percent less in a year?” Thornberg said at the time.

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Moving FamilyMany believe that very few houses are selling and that almost no one can get a mortgage.

We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in the United States EACH and EVERY DAY! That means that approximately 12,000 houses sold yesterday, approximately 12,000 will sell today and approximately 12,000 will sell tomorrow.

So the thinking that homes aren’t selling just isn’t true.
Another interesting fact in the report was that 72% of these transactions were accompanied by a mortgage. That means that approximately 8,719 people qualify for a mortgage on a daily basis in

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"The bursting of the global housing bubble is only halfway through," The Economist magazine wrote recently.

I disagree…

Here in the U.S. at least, the housing bubble is completely over.


It drives me nuts when I hear commentators say, "We're halfway through," and, "We have more pain to come."

Here's the FACT: Right now, houses in America are the best value they've been in many generations.It's not hard to understand…

The Economistshowed a chart of home prices relative to incomes in that article. Instead of showing that home prices are expensive, the chart shows that U.S. houses are the best deal in history (going back four decades), relative to U.S. incomes.

Now, how can The Economisthave an article about the continuing global housing bust… and then show a

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