All posts in category News You Can Use
Each month, OCAR brings you news headlines highlighting the bright spots in today’s housing market.
April showers bring May flowers. This month, shower your clients with some positive real estate news stories. You’ve probably heard it’s a buyer’s market? Get the scoop about what’s happening in housing…
Three Myths about the Housing Market Rebound
The Wall Street Journal, April 2, 2013
Summary: This article debunks three myths from naysayers about housing’s rebound. Namely, they claim that the housing market turnaround would fall apart if private equity-backed investors stopped buying, that institutional investors must be paying too much for homes, and that once the looming “shadow inventory” hits the market, the recovery will stall.
Foreclosures Decline Nationwide to Lowest Level Since 2007
The Los Angeles Times, March 28, 2013
Summary: In February 2013, approximately 2.8% of all homes were in a stage of the foreclosure process–this is reduction from 3.5% in February 2012.
Home Prices: Biggest Rise Since Housing Bubble
CNN Money, March 26, 2013
Summary: Case Shiller’s latest numbers show that the housing recovery is widespread.
Posted by OCAR on April 4, 2013
It’s February and Punxsutawney Phil didn’t see his shadow, so according to the groundhog’s predictive skills, it’ll be an early spring. Get your shorts and sunglasses ready because the housing market is already warm (and getting hotter too!). Check out these sunny news stories…
New Rules Help Borrowers Cover Refi Costs
Wall Street Journal, February 4, 2013
Quick Summary: Through recent changes to the Home Affordable Refinance Program (HARP), Fannie Mae and Freddie Mac will allow mortgage lenders to chip-in up to $2000 for underwater and little-to-no-home-equity homeowners wishing to refinance.
Big Money Betting Big on Housing
CNN Money, February 4, 2013
Quick Summary: Major hedge funds and private equity firms have gone on a housing spending-spree—purchasing housing-related companies and assets (land, home builders, foreclosures and more). This is a sign that they expect housing to rebound in a big way.
Foreclosure Declines Help Boost Home Prices
Los Angeles Times, January 29, 2013
Quick Summary: Foreclosures fell nationwide (along with available inventory) and boosted home prices.
California’s Million-Dollar Home Sales Hit Five-Year High
Los Angeles Times, January 30, 2013
Quick Summary: According to DataQuick, the number of homes selling for $5 million or more hit an all-time high in 2012. Plus, sales of million-dollar properties rose to their highest level since 2007.
Posted by OCAR on February 7, 2013
So we didn’t plummet over the “fiscal cliff.” There’s still a debt ceiling crisis looming and some say another recession is possible (well, then, anything is really possible). Take heart, OCAR has all the positive housing news stories to perk up your day. Share them with your clients.
More Upside than Downside for Housing in 2013
Market Watch, January 16, 2013
Goldman Sachs forecasts that housing will “stabilize” in 2013 and will outperform other segments of the economy
O.C. Home Price Hits 4½-Year High
Orange County Register, January 16, 2013
According to DataQuick, Orange County’s median home prices hit $470,000 in December – that’s up 17.5 percent from one year ago.
Poll: Number of Renters Who Want to Own Skyrockets
AOL Real Estate, January 3, 2013
It seems that no one aspires to be a renter. In a survey conducted by PulteGroup, the top reasons renters wanted to buy a home were: they viewed home ownership as a good financial investment, they wanted to call themselves home owners, and they wanted more room for their families.
Report: Home Prices Poised for Growth in 2013
Wall Street Journal, January 2, 2013
Trulia research shows that 82 out of 100 major markets saw year-over-year price appreciation.
Posted by OCAR on January 16, 2013