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HOME RESALES UP FIRST TIME IN SEVEN MONTHS

April 13th, 2008 12:37 AM

Median sales prices plunge record 8.2% in past year

Boosted by a record decline in prices, the U.S. housing market showed signs of stability in February, with sales of existing homes rising modestly for the first time in seven months and inventories falling, the national Association of Realtors reported Monday.

Resales of U.S. homes and condos rose 2.9% to a seasonally adjusted annual rate of 5.03 million, ahead of the 4.85 million pace expected by economists.

It’s the strongest sales pace since October. Sales are down 23.8% compared with a year ago.

The median sales price plunged to $195,900, down 8.2% from a year earlier, the largest price decline recorded since the Realtors began tracking both single-family homes and condos in 1999. Prices of single-family homes fell 8.7% in the past year, also the most since the records began in 1968.

Sales rose in three of four regions, with the West still lagging. Sales rose 11.3% in the Northeast, 2.5% in the Midwest and 2.1% in the South. Sales fell 1.1% in the West.

Median sales prices are down 13.4% in the West, largely because the market for jumbo loans above $417,000 remains frozen.

Posted by Deborah Shane, North San Diego Realtor on April 13th, 2008 12:37 AMPost a Comment (0)

North San Diego Realtor, Meet Deborah Shane

February 3rd, 2008 3:07 PM

Hi, my name is Deborah Shane and I am your North San Diego County Realtor. I help buyers find their dream homes and help sellers’ sale their homes, even in this market. I specialize in Oceanside Real Estate, Vista Real Estate and Carlsbad Real Estate. In fact I help buyers and sellers all through North San Diego County. I have 7 years experience and know my stuff. Marketing, Internet, Home Staging, Sales and I am a real people person. Use me to help you find a home in Oceanside, Vista, Carlsbad or any North San Diego Homes for sale. Also, use me to help sell your North San Diego Property. I will help you price your North San Diego Home to sell, I will help you stage your North San Diego Home to sell, and I will also market your North San Diego Home all over the World Wide Web, Open Houses, and Yard Signs, Awesome Brochures and Direct Mail and more. So give me a call at 760-470-5904 or email me at: deborahshane@kw.com. Visit my site more often and find just what you’re looking for, whether it is a great San Diego Real Estate Agent or a new North San Diego property at: www.HomeInfoSanDiego.com. Also, you can search the Orange County MLS on my Orange County website at: www.DanaSanClemente.com or www.SellingSouthCali.com either way you can find San Clemente Homes, Dana Point Homes, San Juan Capistrano Homes and Homes in Mission Viejo, Laguna Niguel Homes and Homes in South Orange County and more.

Posted by Deborah Shane, North San Diego Realtor on February 3rd, 2008 3:07 PMPost a Comment (0)

Will the Federal loan limit go up in March?

February 3rd, 2008 2:22 PM

The Economic Stimulus Act of 2008 with provisions temporarily raising the federal home-loan limit from $417,000 to as much as $729,750, could have huge implications here, but must first get through the U.S. Senate before it lands on the president's desk.

Posted by Deborah Shane, North San Diego Realtor on February 3rd, 2008 2:22 PMPost a Comment (0)