Real estate market trends: news and what may affect the real estate market
DQNews posted a summary and numbers on Feb 6, 2013 discussing that the number of homes purchased without financing is at a record high. “Cash purchases accounted for a record 32.4 percent of California’s overall home sales last year, up from 30.4 percent in 2011 and more than double the annual average of 15.6 percent […]
Record Number of Homes Bought With Cash in 2012 Read More »
The S&P Case-Shiller housing index shows nationwide home prices have climbed 3.6% year over year. In the third quarter the index climbed 2.2% over the second quarter of 2012. The increased real estate prices we’ve seen locally are much stronger than the nationwide index but housing prices are climbing nationwide. “Home prices rose in the
Case-Shiller Index – Prices Up 3.6% year over year Read More »
Main stream financial news is reporting large numbers of investors taking income gains this year to avoid the likely higher taxes next year. Stocks with high dividends are less popular because of the higher taxes dividends will be subject to. http://finance.yahoo.com/news/investors-rush-beat-threat-higher-015536775.html Appreciation on real estate is not taxed until it is sold. Generally there are
Tax Changes Could Push House Prices Higher Read More »
Warren Buffett has been buying real-estate brokerages. He recently partnered with Brookfield Asset Management to more than double the size of his brokerage business. A new franchise brand, Berkshire Hathaway HomeServices has been created joining the existing brands and affiliate networks of Prudential Real Estate and Real Living Real Estate. HomeServices of America is “defined”
Warren Buffett Expands Real Estate Brokerage Investment Read More »
Vanguard’s “Economic Week in Review” for September 21, 2012 has the headline “Real estate rebound may be for real”. The article states sales of previously owned homes jumped 7.8%. The national median price rose to $187,400 in August, the first time prices climbed six straight months since December 2005 to May 2006. http://www.vanguard.com/us/insights/article/economic-week-review-09212012 As buyers
“Real estate rebound may be for real” Read More »
