California housing-price increases simmer down
The California housing market has been strong this year. And experts seem to agree that the state’s positive 2015 Housing Market will not only carry over into the new year, but will be even stronger. Realtors expect home sales to increase by nearly 26,000 closings.
Mortgage Delinquencies Pass 10%: LPS Mortgage delinquencies are falling as home prices rise and the foreclosure pipeline clears. While 6.4% seems low compared to the peak of 10%, the "normal" level prior to the housing bubble was.
In California, the 3% down thing is back, which is helping to push up prices more. There’s not a doubt in my mind the market is setting up for a big crash similar to 08-09. We’re planning on waiting the market out, and learning learning learning until the next crash, then hopefully swoop in and buy a couple of properties for very little.
· Moving down to Northern California. Job growth in the San Francisco Bay Area averaged 2.5% year-over-year in Q2, led by San Francisco at 3.7% growth.. So as the supply increases.
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The real estate market has fallen sharply over the few years ago. The prices have fallen in all states especially in California, I believe Los Angeles was the most affected city, I think rich people will start thinking about staying at the small luxury hotels los angeles instead of buying properties at loss.
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And the housing price boom may be. and we’re in our ninth year of increases,” Giese said. “We’re due for things to slow down, settle out, shift in some way.” Newcomers to the area include early.
Meanwhile, Statistics Canada reported that its New Housing Price Index rose 0.2 per cent in October after a similar increase in September. The agency said its data on new home prices showed the metropolitan regions of Toronto and Oshawa, and Edmonton were the top contributors to the housing price increase in October.
The nationwide nominal house price index is now 40% above its 2012 low-point. NJ Salt Lake UT Riverside CA Passaic NJ Miami-Dade FL Cook (Chicago) IL. NY San Francisco CA San Mateo (South Bay) CA Santa Clara (San Jose) CA. down debt, there are few places where real debt per capita has increased over.