Itâ€™s Tuesday News Day and these are this weeks hot topics concerning the real estate market, the financial market, general market conditions, and interest rates.
San Diego Union TribuneÂ â€“ When will the housing market be â€œcorrected?â€
The housing recovery in California is expected to continue through to 2013, but the market wonâ€™t be â€œcorrectedâ€ until as far off as 2017, according to the California Housing Market Forecast released by the CALIFORNIA ASSOCIATION OF REALTORS.
Making sense of the story
Read the full story atÂ UT San Diego
ForbesÂ â€“ Greatest real estate bubble In modern history not done bursting
Never in history have so many middle class households been able to borrow so much against real estate at such low mortgage rates. Read the full story atÂ Forbes
The New York TimesÂ â€“ On big real estate sites, study finds gaps in listings
A study underwritten by Redfin released on Wednesday seeks to compare the comprehensiveness and accuracy of real estate listings on five sites, Zillow, Trulia, Redfin and the sites of two regional real estate brokerage firms, Windermere and Long & Foster. Read the full story atÂ NY Times
DSNewsÂ â€“ Recovery finds â€œfootingâ€ as foreclosures fall
Completed foreclosures continued their progressive decline, and foreclosure inventory fell to its lowest level since April 2010, CoreLogic reported Thursday. Read the full story atÂ DS News
HousingWireÂ â€“ NAHB/First American improving market index sets record high
The number of housing markets on the National Association of Home Builders/First American improving markets index surpassed 100 in October. Read the full story atÂ HousingWire
CNNMoneyÂ â€“ Mortgage rates hit record low again
The average 30-year fixed-rate mortgage fell to an all-time low of 3.36%, according to a weekly survey by mortgage finance backer Freddie Mac. The rate dropped from 3.40% the previous week. Read the full story atCNN Money
Mercury NewsÂ â€“ Mortgage refinances surge to highest level since April 2009
A Mortgage Bankers Assnociation index of refinance applications jumped 20 percent last week compared with the week before. Applications to purchase homes were up by 4 percent, the trade group said in a weekly survey released Wednesday. Read the full story atÂ Mercury News
What you should know
If you have any questions about the current real estate market give me a call atÂ (408) 840-3852Â or shoot me an email atÂ Thomas.Feng@gmail.comÂ to discuss your situation and how to get the most out of the current real estate housing market.
Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYSÂ consult with yourÂ ATTORNEYÂ orÂ ACCOUNTANTÂ before makingÂ ANYÂ decisions inÂ ANYÂ transaction
Copyright 2010-2012 by Thomas Feng, All Rights Reserved. You may reblog or republish.
* THIS ARTICLE WAS POSTED ATÂ Thomas Fengâ€™s Bay Area ConnectÂ *