According to the National Association of REALTORS®, the median sales prices increased in the third quarter of 2012 as compared to the same period last year throughout 120 of 149 metropolitan areas. In fact, home prices rose in 81% of US cities. While not quite there yet, South Tahoe’s home prices are showing signs of a similar trend coming our way. When comparing the sales for the month of October in 2012 as compared 20 2011, we find the following: The median Continue Reading
Great news for El Dorado County’s First Time Homebuyers!
With mortgage interest rates below five percent and housing prices at record lows, local first time house hunters with modest family incomes may benefit from El Dorado County’s First Time Homebuyer Loan Program. The El Dorado County Health and Human Services Agency’s Housing Program has received approval for $800,000 from the State’s Home Investment Partnerships Program (HOME) fund to provide low-interest rate deferred payment loans to eligible homebuyers to help Continue Reading
Last Quarter 2010-Home Sales Rise
WASHINGTON — New U.S. single-family home sales soared in December, rising faster than expected to their highest level in eight months. Early Wednesday, the Commerce Department said sales jumped 17.5 percent last month to a seasonally adjusted 329,000 unit annual rate after a downwardly revised 280,000-unit pace in November. Prices in December were the highest since April 2008, raising cautious optimism for a housing market recovery. Economists polled by Reuters had Continue Reading
Housing Market Improving-Video
Visit msnbc.com for breaking news, world news, and news about the economy Continue Reading
New Home Construction Up
(09-21) 06:50 PDT WASHINGTON, (AP) -- Home construction increased last month and applications for building permits also grew. The gains were driven mainly by apartment and condominium construction, not the much larger single-family homes sector.Construction of new homes and apartments rose 10.5 percent in August from a month earlier to a seasonally adjusted annual rate of 598,000, the Commerce Department said Tuesday. That's the highest level since April.Pulling Continue Reading
