Deer Ridge, Brentwood Real Estate Update April ’11

Deer Ridge in Brentwood is seeing a good level of real estate activity, given the overall state of the market in Brentwood. The beautiful golf course community on the south side of Balfour Road on the West end of town, has proven to be one of the most desirable neighborhoods in Brentwood. There are currently [...]

Pending Home Sales Drop For Second Straight Month

After a strong run to close out 2010, the market for home resales softened a bit in January.

New Home Sales Crater In January, Opening The Door For Deals With Builders in Bretnwood CA

In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It’s the biggest one-month drop in New Home Sales since May 2010.

Existing Home Supply Down 40% In Last 6 Months

Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.

Cost of Living Reaches An All-Time High, Pressures Mortgage Rates Higher

Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.

Fed Minutes Show Lower Unemployment And Higher Growth For 2011 and 2012

The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.

Single-Family Housing Starts Fell In January, Despite What The Headlines May Have Told You

Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it’s lowest reading almost 2 years. The headlines would have you believe otherwise.

New Home Builders Report Higher Sales Levels In January

Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.

Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.

Mortgage Guidelines Starting To Loosen?

Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.

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