Sure, we’ve gotten a little spoiled this year. Home sales for the region were up 22% in May, topped off by correction, as they say, with sales dropping 25% from June (1,360 / 1,022) and even falling 4% under last July (1,067). Given last month’s drop in pending home sales and our historical trends showing […]
Gene Wunderlich, Sr. Staff Writer
Gene Wunderlich is the Government Affairs Director for Southwest Riverside County Association of Realtors. If you have questions on the market please contact me at GAD@srcar.org or to keep up with the latest legislative and real estate trends go to http://gadblog.srcar.org/.
- Posts: 56
- Website: http://gadblog.srcar.org/
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That mark will likely stand for awhile as pending home sales were down 13% from the prior month and the rest of the year is historically slower than the first half. If we can maintain the run rate, we appear to be on our way to another year-over-year increase extending the run to five consecutive […]
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At a recent event for Realtors® in D.C. , Fox Business News Tonight anchor Lou Dobbs was queried on some of the changes proposed by the Trump administration loosening ‘safeguards’ imposed by Dodd-Frank and the Consumer Finance Protection Bureau. In response to the question “Shouldn’t there be more rules for Wall Street”? Dobbs replied, “There […]
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(Thanks to Don Martin) Sales volume was up 4% Q1 2017 over Q1 2016, and just 23 units shy of 2013 (2.457 / 2,434). Pending sales were up also 11% in March so April sales volume should reflect that. Homes are flying off the shelf after just 39 days on market across the region with […]
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Last year sales jumped 30% from February to March, but that’s likely to be suppressed this year. We just don’t have houses for sale! Inventory of active listings fell to just 1.2 months, or 1,597 units. Last February we had 1,969 units, a more comfortable 3.5 months. As I’ve mentioned, before everything headed south a […]
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Based on December pending sales, we knew January housing was not going to be great, and it wasn’t. If you don’t many much in the pipeline you can’t close them. In spite of being down 21% from December (916 / 729), sales of single family homes across the region were still up 7% over last […]
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Temecula actually sold 26 fewer homers in 2016 than 2015 (2,007/1,981), and Murrieta sold 122 more (1,962/2,084). The largest gain came in Hemet with a 10% year-over-year increase (1,779/1,972) with Menifee and Lake Elsinore posting 8% gains. Perris and Canyon Lake joined Temecula selling fewer homes than 2015, but only dropped 12 and 10 homes […]
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Our local housing market is coasting into December with the probability of posting our best sales year since 2010. Sales were up in most cities in the region in November adding 7% to October’s tally (908 – 974) and coming in a whopping 28% ahead of last November’s paltry 700 sales. Pending sales are off […]
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There’s a great quote from Martin Luther that more folks should heed. “Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.” This nation has survived for 240 years through a progression of leaders, some great, others not so much. A look back at our history […]
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Even a 10% month-over-month drop in September (1,095 / 982) didn’t derail the progress from July and August. So we’re heading into the last quarter with a slim 3% sales margin over 2015 (8,432 / 8,721). Of course as you’ll see on the accompanying graphs, sales tend to drop off in Q4 but unless they […]