Lately you may have noticed that it has become more of a pleasure to open the newspaper when you are checking up on real estate news. In addition to the Internet news feeds, I do still subscribe to some of the old-fashioned kind, too: the ones printed on actual paper (so you can tear interesting articles out and carry them around rather than just Ctrl+C and Ctrl+Ving them).
Given the definite possibility that paper papers wonâ€™t be around much longer, I enjoy them while I still can. The Wall Street Journal is one. I opened it up on Saturday to find a headline at the top of the second page that got my attention: â€œHome Sales Rise For 15th Month,â€ it fairly screamed.
If you are a frequent visitor here, you know that I follow and comment on South Bay home sales and associated topics regularly -- but even I hadnâ€™t realized that the trend has been going for such a long time. I took a look at the charts, and it is so!
Others noted the mark, too. The NY Times seems in a permanently grouchy mood of late, so it had a less ebullient take on the statistics (which originated with the NAR). But even they were forced to note that higher prices have become the rule rather than the exception. â€œThe nationâ€™s stock of existing homes for sale fell 3.3% last monthâ€¦tight inventories have helped support home pricesâ€¦,â€ the Grey Lady mumbled.
The Journal was more cheerful in approaching the latest numbers. â€œThe markets need inventory right now,â€ they quoted the president of a leading appraisal firm. â€œThe pent-up demand is enormous.â€
You certainly can appreciate
observations like that â€“ especially if you are a homeowner who is keeping an
eye on home sales since you might list soon. If you fall into that category, I
hope you will check in with me to get a more precise readout of the South Bay
home sales market, and what you might expect from this fallâ€™s selling season. The Journal
says, â€œâ€¦there are signs that demand could be picking up.â€ Since they also noted
that national median home prices rose 11.3% from a year ago, you would have to
say thatâ€™s a pretty safe assumption.Â
Charles Fitzgerald Butler is a Real Estate Professional in Carson, Ca, specializing in First Time Home Buyer Programs, Distressed Sales, REO Residential and Commercial properties. Charles helps homeowners develop a second income stream so they can save their homes from foreclosure.
Charles Fitzgerald Butler can be reached at 310-684-2505 or www.CFButler.com. Prudential California Realty â€“ The Mulhearn Group is an independently owned and operated broker member of BRER Affiliates Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.