Pending home sales are starting to turn brisker but this is expected over the summer. The real question will come from the sustainability of this trend. Yet a good amount of this bounce is coming because of low inventory and banks still figuring out how they will dispose of troubled properties. “(CBS) WASHINGTON – Americans [...]
Pending home sales dipped in February according to data released by the National Association of Realtors. The duality of the recovery is exposing a stock market with what appears to be healthy returns but underlying it all is a weak housing market. Housing is a bigger component of wealth for Americans so seeing home sales [...]
The City – San Francisco remains most overpriced region in California. Bay Area home values down 41 percent from May 2006 peak. 10 years to get to the peak 1996 to 2006. 10 years to bottom out 2006 to 2016.
People seem to think that simply having a good tech industry and a trendy scene warrants an entire region with many millions of people bidding on extremely old properties for whatever a bank will lend them. I don’t say this with enthusiasm or any kind of bravado but the Bay Area has the most overpriced [...]