Friday, August 22, 2014

FRIDAY - EASY STREET


- Home-Buying Checklist: 20 Things to Consider Beyond the Inspection
- Two Good Omens for Housing Market
- Housing construction surges in July
- 3 facts crippling California's housing recovery
- How long can the Bay Area apartment boom last? 
Bay Area home prices plateau on slowing sales 
Just a Few Things for the Dream-Home Wish List

Enjoy!

Two Good Omens for Housing Market - Is the nation’s modest housing recovery back on track? Many experts say that appears to be the case after numbers were released from both the government and Home Depot – both of which were each higher than analysts anticipated. Home Depot’s earnings experienced solid growth, and housing starts last month were up nearly 16 percent over June.

Housing construction surges in July - During July, housing construction hit its highest level in eight months as the sector shows signs of picking up pace in the second half of the year. After two months of drops, construction jumped 15.7 percent last month to a seasonally adjusted annual rate of 1.09 million homes, the fastest pace since the 1.11 million posted in November, according to the Commerce Department.

3 facts crippling California's housing recovery - While California’s job growth and economy continue to improve, major hurdles remain for housing’s recovery. Firstly, affordability is a huge concern as rapid home price increases, mixed with a lack of affordable inventory is leaving little room for first-time borrowers to jump into the market. Tight credit and stagnant incomes are another concern if prices remain high.

How long can the Bay Area apartment boom last? - As long as jobs keep growing and interest rates stay low, housing developers say. “Right now, the financing costs have been as low as they have ever been — that’s a huge incentive,” said Oz Erickson, head of the Emerald Fund, a firm that has close to 600 units under construction and plans to start 400 more in the next year in San Francisco. “With the very strong job growth and interest rates where they are — both of those factors mean you can build housing.”

Bay Area home prices plateau on slowing sales - Single family home sales dropped and prices hit a plateau in much of the Bay Area, according to the real estate information company Corelogic DataQuick. There were several reasons for the slowdown, including a decline in affordability and a tight mortgage market, the Irvine-based company said. Also, sales typically decline about 5 percent from June to July.

Just a Few Things for the Dream-Home Wish List - A sunken hot tub, dedicated game room, tree house, hidden wine cellar and more. Some of my favorites:



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