Market Updates from Trulia; what the stats say

By
Real Estate Agent with Sun Pacific Mortgage & Real Estate

Market Updates from Trulia: What the stats say


I like catching up on where our market is at on Trulia’s website. They’re Chief Economist, Jed Kolko, is a good resource for where the market is going and why. Today’s article was particularly enlightening as it was the “Housing Barometer Charts”. I felt that many details in his report are applicable to many people in the industry of Real Estate.

Within this report Trulia summarizes the three key housing market indicators: 1. New Construction starts 2. Existing Home Sales and 3. Delinquency plus Foreclosure Rate. For each category of these indicators, Trulia compares the month’s date to the previous numbers when they were at their worst and the pre bubble “normal” levels.

Construction Starts: Brand new home starts have increased from 699,000 in March to 717,000 in April. Despite these brilliant numbers, the new home starts have only risen to 23% of the way back to their “normal”.


Existing Home sales: We have seen an increase from 4.47 million to 4.62 million! This is the most encouraging news because home sales are almost halfway back to their normal levels from before the worst numbers in the bubble.



The Delinquency plus Foreclosure Rate: These numbers have stagnated which is a great sign. In April 11.26% of mortgages were in foreclosure or delinquent. It’s slightly just a little bit higher than the 11.23% that was shown in March. However, despite this small change we are still at 37% back to normal as in comparison to 20% this time last year.

What do we take from this? Our recovery is slowly but steadily pushing forward.

If you have been thinking of jumping into the game, whether it be investing or getting financing to purchase a home, now is a great time to do so! The market is heading back to normal, but there’s still plenty of time to buy a house/home as the value will just increase. For answers to your questions or a simply inquiry give me a call at 707.523.2099


Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate.  Serving Sonoma County since 1988.  Her number is (707)523-2099 and you can also visit our redesigned website at http://www.sunpacmortgage.com Also be sure to like us on facebook! Click this link! 

DRE license #01014873

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
California Sonoma County Santa Rosa
Groups:
100 Percent Realty Bloggers
Abbott and Caserta Realtors
ABR/REBAC
AgentOwned Realty
BananaTude
Tags:
market update

Comments 3 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
599,284
Richard & Beth Witt
Broker/Owner RE/MAX Wittney Estates Long Island NY
RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com

Hey Lynn.. thanks for this post... I always enjoy good news... Have a nice evening!

May 24, 2012 02:04 PM
Anonymous #2
Anonymous
Niurka Strong

Hi Lynn,

Thanks for sharing this. I am in total agreement. We are seeing multiple offers and homes selling within the week.

May 25, 2012 08:30 AM
Rainer
69,618
Lynn Tardibuono
Sun Pacific Mortgage and Real Estate
Sun Pacific Mortgage & Real Estate

Thanks to both of you for your comments. I'm always happy to see people are taking time out of their day to read and comment on what I write. Happy Sales!

May 25, 2012 02:17 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
69,618

Lynn Tardibuono

Sun Pacific Mortgage and Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: