Archive for September, 2006

Marin real estate trends YTD vs. same period 2005

Tuesday, September 19th, 2006

The following chart shows statistics from January 2006 through August 2006, month-by-month and compares them to the same months for 2005.  I have also shown the aggregate for the months, both for 2005 and 2006, because sometimes looking at one month only does not really show the whole trend.
 The one sure trend that shows is the number of sales are down.   

 Marin County MLS 2006 Residential Real Estate Stats
For Homes Sold 6-Jan 6-Feb 6-Mar 6-Apr 6-May 6-Jun
Median Price in 1,000’s 810 810 880 899 855 932
Median days on market 64 72 40 32 34 38
Total units sold 143 150 265 263 266 325
6-Jul 6-Aug
850 890
43 50
  230 298
Lets look at the same time period for 2005
For Homes Sold 5-Jan 5-Feb 5-Mar 5-Apr 5-May 5-Jun
Median Price in 1,000’s 825 813 860 865 875 900
Median days on market 45 29 26 29 27 29
Total units sold 209 148 307 338 325 367
5-Jul 5-Aug
861 840
30 36
  314 346
Now looking at the months combined.
For Homes Sold Jan-Aug 05  Jan-Aug 06  
Median Price in 1,000’s 860 876
Median days on market 30 42
Total units sold 2354 1940

 

Housing Bubble Watch: New Home Construction Reports

Tuesday, September 19th, 2006

Two monthly housing market indicators have been released so far this week, both relating broadly to home construction and showing a continued slowing of the housing sector and a related loss of builder confidence.

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National Delinquency Study Is Just A Bit Disquieting

Friday, September 15th, 2006

The results are too subtle (and also presented in an incredibly confusing format) to determine if rate shock is starting to take its toll on American homeowners, but, looking beyond the cheerful lead paragraph, "The delinquency rates for mortgage loans ...were down 2 basis points from the first quarter..." The National Delinquency Study (NDS) released by The Mortgage Bankers Association this week is a little disquieting.

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Mortgage Rates Up For First Time In Seven Weeks

Wednesday, September 13th, 2006

Mortgage rates reversed a six week downward trend, increasing slightly during the week ended September 7 according to the Weekly Primary Mortgage Market Survey released by Freddie Mac.

Frank Nothaft, Freddie Mac vice president and chief economist said "We expect that mortgage rates will continue to fluctuate as new economic data are released, but...

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Freddie Mac September Housing Outlook Partially Frosty

Tuesday, September 12th, 2006
"A Cooling Trend" was the title given to Freddie Mac's September 2006 Economic Outlook released recently. In keeping with the seasonal theme, the report, issued by the Office of the Chief Economist, projected a cooling trend for the balance of the year, "with occasional frost and warmer conditions as we move into next spring." Too cute by half, but the report goes on to emphasize the importance the housing sector has been to the overall economy during the recovery from the 2001 recession. In fact... Read More Now

Analysts Are Looking Hard At Rate Shock and The Possible Fallout

Monday, September 11th, 2006
The concept of href="http://www.mortgagenewsdaily.com/8242006_Rate_Shock.asp" mce_href="http://www.mortgagenewsdaily.com/8242006_Rate_Shock.asp">rate shock is getting a lot of press and a portion of it is pretty scary. BusinessWeek.com has just published a stunning article that postulates that the fallout from "exotic" mortgages - i.e. interest only and option mortgages - will reach far beyond homeowners who took on these obligations either not understanding the ramifications or thinking they could game the system. According to the article Nightmare Mortgages... Read More Now

Contact

Saturday, September 9th, 2006

Warren Carreiro, Broker
Frank Howard Allen Realtors
700 Fifth Avenue
San Rafael, CA 94901

Warren@TheMarinRealtor.com

www.TheMarinRealtor.com
 p: 415-846-7286
 f:  415-457-2359
 I appreciate your business, support and referrals.
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