How is Housing Really Doing? - Bay Area Homes and Silicon Valley Real Estate

The housing market has made some strides in recent months, but how has it performed compared to 10 years ago? Has the real estate market really dug itself out of the housing crisis?

The National Association of REALTORS® on its Economists’ Outlook blog recently used the latest October housing data to compare existing home sales, median sales prices, and inventory figures to those from 10 years ago. Researchers used the 10-year October average, an average of the data from the past 10 Octobers, to gauge how current market conditions stack up.

Home sales

Leader: October 2014

The number of homes sold was higher in October 2014 than the 10-year October average. That particularly holds true in the Midwest and South. The Northeast and West were the only regions in the country to show current sales below the 10-year October average.

Home prices

Leader: October 2014

The median home price is currently higher than the 10-year October average in all regions except the Northeast. “The median price year-over-year percentage change shows home prices struggling from 2006 to 2011,” NAR economists note on the blog. “Since then home prices began to improve, however, price growth has been decelerating over the last year.” The best price percentage increases occurred in 2005, except in the West, which had its best gains in 2012, NAR economists note. For October 2014, the Midwest had the highest year-over-year price percentage change compared with the other three regions of the United States.

Inventory

Leader: 10-year October average

Home buyers had more options in the past. There was a higher inventory of homes for sale in the 10-year October average than what’s currently available. The nation saw the fastest pace of homes sold relative to inventory in 2004, while 2007 marked the slowest pace, with the months’ supply climbing to 10.6. The 10-year October average months’ supply is 7.2, compared with October 2014, which was at a 5.1 months’ supply.

Source: “October 2014 EHS Data vs. the Ten-Year October Average,” The National Association of REALTORS® Economists’ Outlook Blog (Dec. 2, 2014)


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Los Gatos, Caifornia

Los Gatos, Caifornia

Santa Clara County - real estate and home sales trends. November 2014.

Here are the trends as of November 20th., for single family home sales in San Mateo County and Santa Clara County.

Here are the Real estate trends.

Homes with schools:  [Open in new window]


API scores of schools in Santa Clara County:  [Open in new window]

Homes and Real estate in Campbell, California. Trends through Nov 2014. Bay Area homes / Silicon Valley real estate

Here are the Single Family Home Sales Trends for the City of Campbell.

Nov. 2013 to Nov. 14, 2014
Real estate in Campbell:  [Open in new window]



City of Campbell news:  [Open in new window]





Other blog links:
Bay Area Homes and Real Estate: [Open in new window]  

Most expensive Zip Codes in California: [Open in new window]
Green environment and effect on health:  [Open in new window]
Most expensive home in California, Palazzo di Amore:  [Open in new window]


http://www.trulia.com/blog/perry_mistry

Real estate And Bay Are home sales - Silicon Valley, California

Twelve month Trends for Single Family Homes Sold in Santa Clara County.

that is November 8, 2013  to  November 7, 2014.

read more: http://goo.gl/48fSWa

New home prices soaring. Bay Area Real Estate

The nation's largest luxury home builder, Toll Brothers Inc., reported that its revenue jumped by 29 percent in the latest quarter as it sold more homes at higher prices.

Read more:  http://goo.gl/DD49gm

Surge in Rents....Silicon Valley / Bay Area Homes.

Rents have risen 7 percent in the past year while incomes have failed to keep pace, only inching up by an average of 1.8 percent. Many people are finding it more difficult to afford to pay their rent, which has led to a spike in evictions in the past year.   Read more:  [Open in new window]

Check out other links:

Homes in Bay Area: [Open in new window]
Trends in Bay Area Counties:  

goo.gl/rrwAkT

Homes and real estate in Cambrian, San Jose, California.

Looking for homes in Cambrian, San Jose? click here

Real estate and homes in Campbell, California. Bay Area and Silicon Valley real estate.

Looking for a home in Campbell:

 http://ruthandperry.com/Campbell-Cambrian-Willow-Glen-Homes

Los Altos - single family home sales in silicon valley, bay area.

Los Altos - single family home sales in silicon valley, bay area.


Check:  [Open in new window]






Check out other fine data here:
Trends in Campbell, California:  [Open in new window]
Trends in Santa Clara, California:  [Open in new window]

Mortgage Rates are lower than last year at this time.

Borrowing costs from mortgage rates were cheaper this week than at the same time last year, Freddie Mac reports in its weekly mortgage market survey.


A year ago at this time, the Federal Reserve had announced a tapering of its monthly mortgage bond-buying program, which had spurred market anticipation that the Fed would be rising its mortgage rates soon. The 30-year fixed-rate mortgage had then 

jumped to a 4.46 percent average. This week, rates averaged 4.14 percent.

Here’s an overview of the national averages for mortgage rates for the week ending June 26:

• 30-year fixed-rate mortgages: averaged 4.14 percent, with an average 0.5 point, dropping from last week’s 4.17 percent average. Last year at this time, 30-year rates averaged 4.46 percent.
• 15-year fixed-rate mortgages: averaged 3.22 percent, with an average 0.5 point, dropping from last week’s 3.30 percent average. A year ago, 15-year rates averaged 3.50 percent.
• 5-year hybrid adjustable-rate mortgages: averaged 2.98 percent, with an average 0.3 point, dropping from a 3 percent average. Last year at this time, 5-year ARMs averaged 3.08 percent.
• 1-year ARMs: averaged 2.40 percent, with an average 0.4 point, dropping from last week’s 2.41 percent average. Last year at this time, 1-year ARMs averaged 2.66 percent.

Source: Freddie Mac

Looking for a home in Bay Area or Santa Clara County:  [Open in new window]

4019 Gold Run, San Jose, CA 95136 - Stunning and Gorgeous

Enjoy the virtual tour:  http://www.tourfactory.com/1178425

1801 Michon Drive, San Jose, CA 95124. Cambrian Home Just Listed.

1801 Michon Drive, San Jose, CA 95124



Freshly painted in and out. Tree line street, lush front and back yards.

Extremely private back yard.

Tranquil and peaceful setting.

Top Union Schools.

3 beds / 2 baths over 1550 sf, 6500+ lot.






For a Virtual Tour go to:  [Open in new window]








For more information go to: [Open in new window]

1801 Michon Dr., San Jose, CA 95124 - Cambrian, San Jose home for sale.

A fine Cambrian, San Jose home for Sale

1801 Michon Drive, San Jose, CA 95124


3 beds / 2 baths over 1550 sf, 6500+ lot.


Union School District

For a Virtual Tour go to:  [Open in new window]

Homes in Silicon Valley - San Jose. A charming town called Willow Glen.

Looking for a home in Willow Glen or Cambrian go to:   [Open in new window]

The Most Stable Housing Markets & Homes in Santa Clara, Sunnyvale, Silicon Valley

The energy boom states continue to have some of the most-improved housing markets, with North Dakota and Wyoming leading the pack, according to Freddie Mac’s latest Multi-Indicator Market Index (MiMi), which guages the nation's housing stability by measuring 50 metros. 

Overall, the U.S. housing market was mostly flat in March, but a few metros saw gains that brought them back to more normal historical averages, according to Freddie Mac's index. 

"Less than half of the housing markets MiMi covers are showing an improving trend, whereas at this same time last year, more than 90 percent of these same markets were headed in the right direction," says Frank Nothaft, Freddie Mac's chief economist. "We're hopeful that many of these markets that have stalled will start moving again now that mortgage rates have eased over the past month and the spring home-buying season is upon us. House-price gains are a double-edged sword at this stage of the recovery: They help those hard-hit markets where prices are still low and many home owners are underwater, but in areas where supply is constrained, they're creating an imbalance and pricing out many first-time home buyers."

Ten of the 50 states, plus the District of Columbia, are considered in their stable range. The states that ranked in the top 5 as being most stable are: 

• North Dakota 
• Wyoming
• District of Columbia 
• Alaska 
• Louisiana 

Meanwhile, the five most-improved states month-over-month are: 

• Ohio
• Rhode Island
• Illinois
• Texas
• South Carolina

The five most-improved metro areas month-over-month are:

• Cincinnati, Ohio
• Columbus, Ohio
• Houston
• Riverside, Calif.
• San Antonio

Source: Freddie Mac  and Realtor Magazine

Looking for a home in Silicon Valley, San Jose, Bay Area, Los Gatos,
Sunnyvale, Saratoga, Santa Clara etc. go to:   [Open in new window]

Los Gatos Home Sales Trends - Silicon Valley Homes and Real Estate

Looking for a Luxury home in Santa Clara County go to:  goo.gl/cNfWjb

Santa Clara County - home sales trends.

Santa Clara County single family home sales trends.
Looking for a Luxury home in Santa Clara County go to:  goo.gl/cNfWjb
Active inventory of homes in Santa Clara County gradually increases,
but with rising economy, a strong bio technology and technolgy sector
and 4 in 10 homes being purchased by foreigners the housing market soars.

How Home Sellers Handled Multiple Offers

In Silicon Valley, homes and real estate saw Multiple Offers, and many all
Cash offers.

Looking for a home in Silicon Valley, San Jose, Bay Area, Los Gatos,
Sunnyvale, Saratoga, Santa Clara etc. go to:   http://ruthandperry.com/

24% drop in mortgage delinquencies.

The mortgage delinquency rate nationwide stood at 3.61 percent at the end of

 the first quarter of 2014, down more than 24 percent....read full article..
goo.gl/3V2er4


Looking for a Luxury home in Silicon Valley go to:  goo.gl/cNfWjb

Container gardens for homes in Silicon Valley.

The all-container garden

How to create a lush backyard without putting a single plant in the ground.
In the Bay Area, one can easily get pots of all sizes and varities, and plant varied
flowers and plants in these pots

Great article from Sunset magazine.  http://www.sunset.com/garden/landscaping-design/container-garden-00418000086279/





If looking for land or a home with a lot in Silicon Valley go to:

goo.gl/cNfWjb

Los Gatos Real Estate - Just Sold

Los Gatos Real Estate - Just Sold

Los Gatos Real Estate - Just Sold





http://ruthandperry.com/

Sunnyvale Home Sales Trends, Ca 94085. March 2014

Sunnyvale Home Sales Trends, Ca 94085

Cambrian Real Estate and Homes - trends for March 2014.

Cambrian Housing Market Trends for 95124 are shown below in a quick and simple graph.


The trends are as of March 26th. 2014.





In the month of February 2014:

February Property sales were 33, equal to 33 in February of 2013 and 13.8% higher than the 29 sales last month. February 2014 sales were at their lowest level compared to February of 2013 and 2012. February YTD sales of 62 are running -12.7% behind last year's year-to-date sales of 71.

Looking for homes in Cambrian go to:  [Open in new window]

Cambrian Real Estate Market March 2014

Cupertino homes and real estate. California Zip Codes: 95014 and 95015.

Cupertino homes and real estate.  Zip Codes:  95014 and 95015.

Silicon Valley and Luxury Homes Update:

Here are home sales price trends for Cupertino.






For the Month of February 2014:
February Property sales were 23, down -11.5% from 26 in February of 2013 and 4.5% higher than the 22 sales last month. February 2014 sales were at their lowest level compared to February of 2013 and 2012. February YTD sales of 45 are running -6.3% behind last year's year-to-date sales of 48.

Hot Open House, Saturday and Sunday:
All details at : http://www.tourfactory.com/1124689

Willow Glen, California 95125 home sales trends through March, 2014.

Home equity continues to rise, in Willow Glen, Zip Code 95125, for the month of March, the
Price per Square Foot is now at $572.





Other articles and links:

Metros & Cities seeing the biggest rise in Equity:  [Open in new window]

Looking for a home in Silicon Valley, California: [Open in new window]

Looking for trends in Santa Clara:
[Open in new window]
Looking for a fine home in charming and cute town in Los Gatos, Real Estate Click on Virtual tour link below. HTTP://WWW.TOURFACTORY.COM/1124689


https://www.facebook.com/LosGatosTheCats

Sunnyvale, California Town Homes and Condo Sales as of Feb, 2014.

Sunnyvale Town Homes and Condo Sales as of Feb, 2014.


Check out the trends in Sunnyvale, California , Zip Codes, 94085, 94086.



Silicon Valley Real Estate continues to gain momentum and soar.

Looking for homes in Silicon Valley, check out the fine Bay Area Homes
and Real Estate web site. [Open in new window]