REALTOR® Magazine-Daily News-Housing Prices Could Rise 12.4 Percent by 2014

via realtor.org

Posted via web from Oceanside Homes

Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions

via realtor.org

Buyers are responding to the homebuyer tax credit and affordable housing prices, this has boosted the sales in March, according to the NAR.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million units in March from 5.01 million in February, and are 16.1 percent above the 4.61 million-unit level in March 2009.

Lawrence Yun, NAR chief economist, said it is encouraging to see a broad home sales recovery in nearly every part of the country, with two important underlying trends. “Sales have been above year-ago levels for nine straight months, and inventory has trended down from year-ago levels for 20 months running,” he said. “The home buyer tax credit has been a resounding success as these underlying trends point to a broad stabilization in home prices. This is preserving perhaps $1 trillion in largely middle class housing wealth that may have been wiped out without the housing stimulus measure.”

Posted via web from San Diego Real Estate

California Legislature approves tax break for people in foreclosures, short sales

via latimes.com

Will California approve this tax break for people in foreclosures and short sales, and if it is approved, what do you think the overall affects will be on current and new homeowners?

Posted via web from San Diego Real Estate

Biz Break: Verizon rumor propels stock price & San Diego Real Estate

via mercurynews.com

Check out this article about some random market updates: stronger areas of California real estate, namely Los Angeles and San Diego real estate market...to the iphone and strong stocks.

Posted via web from San Diego Real Estate

Tour Pacific Street, Oceanside California

via youtube.com

This is an awesome video, it takes you straight down Pacific Street in Oceanside, CA. It is a little bumpy, but you should check out this street, the view, the homes, all make for a walk or drive in Oceanside.

Posted via web from OCEANSIDEREALESTATESD.COM