I got tagged from Trisha’s Blog to play a little game of “5 Things you probably didn’t know about me.”. Thats cool, this actually gets me started back writing on my blog. I haven’t submitted a post in over a month, call it an extended “Blog vacation”.
Here goes:
1) I’m a cancer, so the topic of [...]
It’s mixed news from the California Association of Realtors®. The CAR reported last week that home sales decreased 22.2% in November in California compared with a week ago, while the median price of an existing home increased 1.4%. According to CAR President Colleen Badagliacco, the market appears to have stabilized after some fairly steep declines in sales during the first half of 2006. The median price of an existing, single-family detached home in California was $555,290 in November, up from $547,870 in November 2005. The unsold inventory (which indicates the number of months needed to deplete the supply of homes on the market at the current sales rate) was 7.4 months as of this November. At this time a year ago, it was at 3.6 months. And one bit of good news for buyers especially: the 30-year fixed-mortgage interest rates averaged 6.24% during this November, compared with 6.33% in November 2005. And no surprise to anyone who pays attention: the median number of days it took to sell a single-family home was 70 days in November 2006, compared with 39 days a year ago at this time.
Here are the numbers for the Sacramento area:
Median price (November 2006): $365,000, down from $367,270 in October, and down from $379,930 in November 2005
Percent change in price from October 2006: -0.6%
Percent change in price from November 2005: -3.9%
Percent change in sales from October 2006: -10%
Percent change in sales from November 2005: -24.5%
Not completely, but Boston’s famous Hancock Tower was sold to a New York company, Broadway Real Estate Partners, as part of a 1.3 billion dollar deal. If I was a Boston native, and a Red Sox fan, I would be less than thrilled to have New Yorkers owning their landmark building.
Beacon Capital Partners selling [...]