Silicon Valley, U.S. real estate gold: is already the leading luxury market country

Not only technology gurus. Also bankers, hedge fund managers and other professionals dozen feeding the technology sector. They are flocking to live in Silicon Valley, south of San Francisco Bay, in the State of California, an area that is home to many of the largest technology corporations in the world. To the extent that it becomes the first luxury property market across the United States.

A recent survey by Coldwell Banker Previews International reveals that Woodside, in the heart of Silicon Valley, is the most important luxury market around the country. In fact three of the areas that make up the top five, the top five price and sales volume-are in the area.

Hillsborough and Portola Valley, California, are respectively the third and fourth, while Bal Harbour, Florida, contained in second place. Coldwell Banker is taken into account for classification and annual sales volume of luxury homes and the average selling price and profit, says CNBC, which echoes the survey.

“The market is incredibly strong,” says Scott Dancer, an agent of Coldwell Banker. “The question now develop an inventory of quality.”

There is such a shortage of housing, said Dancer, that once a house goes up for sale, a bidding war is awesome. An ad for sale of a home valued at $ 5.8 million had published three days after five bids of buyers and was sold shortly later by 7.26 million dollars, he says. The agent notes that the buyer was a 30 year old man, financial executive.

Probably, says CNBC when the tech boom begins to fade, so will the luxury real estate market in Silicon Valley. But now, even the most modest homes in the area have become gold property.

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Slow increase in housing prices in the U.S.

The housing prices in the U.S. rose at a slightly slower pace in the 12 months ended in March, a sign that weak sales have begun to curb sharp price gains in the housing market in the country.

Data provided by CoreLogic indicate that prices rose 11.1% in March compared with March 2013. Though this is a large increase, the increase is down from 12.2% in February compared to the same period in above.

Behaviorally month, prices were up 1.4% in March compared to February. But figures from CoreLogic month are not adjusted for seasonal patterns, as warmer spring weather.

Housing sales and construction have faltered since last fall, slowing the pace of the economy. A harsh winter, increased acquisition cost and limited supply of housing available muyos have discouraged potential buyers. The existing home sales in March reached their lowest level in 20 months.

Some indications point to a slight increase in sales as the season progresses spring. Signing contracts to buy homes increased in March I, for the first time in nine months, said last week the National Association of Realtors week.

However, economists forecast that sales of existing homes will increase slightly this year compared to 5.1 million in 2013. Slow sales, in turn, decrease the annual price increase to only 5% or 6% , economists predict. CoreLogic predicts that prices will rise just 6.7% in the 12 months that will end in March.

High prices usually encourage some homeowners to sell, however, the number of homes on the market remains low. Mark Fleming, chief economist for CoreLogic, said many owners may be reluctant to sell because they have low mortgage rates and hesitate to buy a home with a higher mortgage rate.

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U.S. housing market is invigorated

Sales of new single-family homes in the U.S. rose more than forecast in April and inventories of homes on the market recorded its highest level in three and a half years, giving signs that a recovery in the housing market that was being irregular now has strengthened.

The Commerce Department said sales rose 6.4% to a seasonally adjusted annual rate of 433,000 units, ending two straight months of declines.

The March rate was revised upwards to 407,000 units from the previously reported 384,000.

The government made revisions to the model used to adjust the data for seasonal fluctuations, which only affected the monthly data.

Economists polled by Reuters had forecast sales at a rate of 425,000 units last month. Compared to April last year, sales fell 4.2%.

An increase in mortgage rates last year, and a rise in house prices has been greater than wage growth are weighing on the housing sector.

Home sales are also pressured by a shortage of properties, but there are signs of an imminent recovery.

Sales of existing homes rose in April and the inventory of homes was the highest in nearly two years, a report showed Thursday.

According to Freddie Mac, mortgage rates 30 year fixed fell to an average of 4.14% this week, near a level in seven months, from an average of 4.20% last week, which should improve access to housing.

Last month, sales of new homes rose sharply in the central region of the United States and reached its highest level since November 2007.

Sales also rose in the south, but remained stable in the west. In the northeast, meanwhile, recorded their biggest decline since October 2012.

Inventories of new homes on the market increased 0.5% to 192,000 units, the highest level since November 2010.

Although the stock of new homes on the market have risen from a record low reached in July 2012, remain at less than half its pre-recession level.

At the April sales pace, it would take 5.3 months to sell all homes on the market, down from 5.6 months in March.

Related article: Sales of new homes fall in EU

With the improvement of inventories, the average price of a new home fell 1.3% last year, to $ 275.800.

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U.S. home builders Confidence on 50 for the first time in 7 years

Confidence among homebuilders U.S. jumped in June and surpassed a key level for the first time since the start of the housing crisis , in a vote of confidence by the recovery of the sector , showed data released Monday by the Association national Home Builders (NAHB , for its acronym in English ) .

The Housing Market Index NAHB / Wells Fargo rose to 52 from 44 in May, easily surpassing forecasts of 45 .

Readings above 50 means more builders view market conditions as favorable as poor. It was the first time the index has been above that dividing line since April 2006 and was the highest level since March of that year .

“Overcoming this important level reflects the fact that builders are seeing better market conditions at a time when demand for new homes increases ,” he said in a statement the president of the NAHB , Rick Judson .

” With the low inventory of existing homes , a growing number of buyers are feeling attracted to the new houses ,” he added .

Confidence among home builders has been strengthened in the past year and a half, with a recovery in real estate in general. The rate is higher than 23 June 2012 points.

A rise in prices, tighter inventories and better sales have helped the housing market recovery .

Home builders felt even more optimistic about the coming months. Measuring sales expectations for single family homes in the next six months accelerated to 61 from 52 .

The single-family home sales component rose to 56 from 48, while traffic of prospective buyers climbed to 40 from 33 .

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Wall Street falls low in housing sales in US

The stock exchange in New York closed lower, after the Dow Jones industrial average fell 38.86 points (0.24 percent) to close at 15,000 521.97 points after falling home sales in June.

Fewer Americans signed contracts to buy homes in June of resale, which shows that higher mortgage rates are beginning to slow the housing market.

The index of pending home sales fell 0.4 percent to 110.9 points compared to May, after rising the previous month to the highest level since December 2006, according to figures from the National Association of Realtors.

The index of pending home sale is an indicator that reflects the number of contracts between buyers and sellers that ultimately end up ratifying.

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Mortgage applications fall in EU

Applications for home loans in the U.S. fell for a second week and higher interest rates reduced refinancing activity , according to figures released Wednesday by a group of industry figures .
The activity index of mortgage applications Mortgage Bankers Association (MBA for short ), which measures demand for refinancing and home purchases fell 4.6% in the week ended August 16.

The decline comes at a time when the 30-year mortgage rates increased 12 basis points to 4.68 % , matching the scored maximum year in July.

Interest rates soared in late May after the Federal Reserve said it could start cutting at the end of the year its bond purchases by $ 85.000 per month , which investors believe could begin in September.

The prospect of the Fed reduce its stimuli altered the financial markets. Yields on the benchmark Treasury 10-year benchmark touched a two-year high of 2.9 %, more than one percentage point above the level of May.

The demand for refinancing existing loans declined as rates increased .

The refinance index fell 7.7 % last week , its biggest annual fall since late June .

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The price of second-hand housing in the U.S. in the third quarter recorded their biggest gain in 8 years

The average price of second-hand housing in the U.S. occurred in the third quarter rose by 12.5 % over the same period last year to $ 207,300 ( 153,555 euros) , representing the biggest increase since the fourth quarter of 2005, the National Association of Realtors (NAR ) .

At the end of the third quarter , the annualized sales of previously owned homes rose to 5.36 million , representing an increase of 5.9 % from the second quarter and 13% over the same period of 2012.

In fact , the volume of sales achieved in July- September 2013 data represents the best in a quarter since the first three months of 2007, before the outbreak of the crisis subprime .

In addition, NAR said the end of the third quarter there were a total of 2.21 million previously owned homes for sale , a figure slightly higher than the 2.17 million last year. At the current sales pac

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