Source: cnn.com ~ By Les Christie Surging home prices have helped nearly two million homeowners get back above water on their mortgages over the past year. During the first quarter... Read More
(MoneyWatch) If the real estate recovery is a baseball game, we're in the fourth or fifth inning.
So what will the rest of the game look like?
Experts from the Urban Land Institute unveiled their view of how the rest of the recovery will play out in their Emerging Trends in Real Estate report, released this week at the land use and planning nonprofit's annual conference in Chicago.
The group highlighted a number of housing trends we can expect to see playing out over the next few years, based on surveys and interviews with real estate developers, investors, lenders, servicers and builders.
Max Whittaker for The New York Times
By CATHERINE RAMPELL
Published: March 20, 2013
SACRAMENTO — After six years of waiting on the sidelines, newly eager home buyers across the country are discovering that there are not enough houses for sale to accommodate the recent flush of demand.
“In my 27 years I’ve never seen inventories this low,” said Kurt K. Colgan, a broker with Lyon Real Estate in the Sacramento metropolitan area, where the share of homes on the market has plummeted by one of the largest amounts in the nation. “ I've also never seen a market turn so quickly.”
by Mary Lynne Vellinga
Published: Friday, Mar. 15, 2013 - 12:00 am | Page 6B
Last Modified: Sunday, Mar. 17, 2013 - 11:25 am
Home buyers are increasingly willing to spend more on houses – if only they can find one to buy.
Sacramento housing prices continued their march upward in February, but scarcity of homes for sale defined the market in many neighborhoods. The median price of a house in Sacramento County jumped 22.6 percent in February from the same month of 2012 – from $155,000 to $190,000, according to San Diego-based DataQuick, a real estate tracking firm.
By Mark Glover
Published: Friday, Mar. 8, 2013 - 12:00 am
Last Modified: Friday, Mar. 8, 2013 - 12:13 am
The Sacramento metro area leads the nation in an unenviable category.
The number of area homes listed for sale on Zillow was down 48 percent year-over-year in late February, a percentage plunge that topped the 30 largest U.S. metro markets tracked by the Seattle-based company.