Green Real Estate Appraiser

San Diego home prices outpaced nation, state in March

Posted on May 31, 2017 | Leave a comment

San Diego County’s home market showed signs of increased growth in March, outpacing price gains in other California cities and the nation, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

The indices, adjusted for seasonal swings, showed San Diego County home prices rose 6.5 percent in a year. It was 5.8 percent nationwide, a 33-month high.

Other California cities did not have the same pace of growth as San Diego. The indices showed Los Angeles home prices up 5.3 percent in a year and San Francisco by 5.1 percent.

Of the 20 major regions followed by the indices, San Diego ranked No. 9 in March, above Las Vegas, Chicago, New York, Miami and other markets.

David Blitzer, managing chairman of the Index Committee at S&P Dow Jones Indices, wrote in the report that if mortgage rates rise from current levels — around 4 percent — it could deter more people from selling and trading up to new homes.

“While prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing,” he wrote.

Seattle had the biggest yearly increase at 12.3 percent, followed by Portland at 9.2 percent and Dallas at 8.6 percent.

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Housing bubble outside USA

Posted on May 25, 2017 | Leave a comment

Home prices in the U.S. are rising to new levels, even surpassing pre-crisis levels in some metros, but home prices in the U.S. are relatively low compared to other developed nations.

Over the past few years in the U.S., home prices peaked in July 2006, troughed in February 2012 and have since returned to pre-crisis levels once again. However, this wasn’t the case for other developed nations. Other G10 economies never saw a downturn, and have continued increasing.

The Group of Ten is made up of eleven industrial countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States) which consult and co-operate on economic, monetary and financial matters.

Now, some are concerned about broader consequences if the real estate markets go south, according to a report from Goldman Sachs. The report explains there are no imminent problems in G10 markets, but current imbalances could worsen cyclical weakness later.

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RE Agents report – Buyers want green homes

Posted on May 5, 2017 | Leave a comment

More than half (56%) of real estate agents surveyed by the National Association of Realtors reported that buyers were interested in sustainability when it came to their properties, according to a February survey by the NAR.
Forty-three percent of real estate agents said their multiple listings service included green data fields, and 71% of agents reported that energy efficiency promotion in home listings was “very valuable” or “somewhat valuable.”
Real estate agents said clients were most interested in sustainable home features such as efficient lighting (50%), smart-home technology (40%) and shared amenities such as bike lanes and green space (37%), landscaping for water conservation (32%) and renewable-energy systems (23%).

disclaimer: for information and entertainment purposes only

San Diego home prices outpaced nation, state in March

Housing bubble outside USA

RE Agents report – Buyers want green homes

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