Pending Home Sales Up
It seems that across the state of California that pending home sales are up. We are definitely seeing that trend in Monterey and Pacific Grove. In Pacific Grove, there are 39 properties pending and only 47 active listings. The...
view the listing2nd Home Buyers are Back
The first time home buyers have been taking advantage of the drop in single family home prices. These prices really dipped last fall and into the winter. In mid February, the 2nd home buyers entered the market and we’ve...
view the listingHistorically Low Housing Inventory
Of all the Monterey Peninsula cities, Marina has the lowest active inventory for single family homes. It is at a stunningly low 13! The average list price of these few homes is $302,000. There are only 28 homes pending in Marina...
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Conforming loan limits change would impact California housing
More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA),...
view the listingDecline Nationwide in Homes Sales
Various forces pushed existing home sales for May into a decline, the National Association of REALTORS® reported last week. Sales of single-family homes, townhomes, condominiums and co-ops declined 3.8 percent to an annual rate...
view the listingSlow Housing Recovery
Jed Smith, managing director of quantitative research for the National Association of Realtors, characterized the economic upturn as “a mediocre recovery,” and a “very slow recovery … largely because of...
view the listingSearch for Homes
