5014 homes and condos traded hands in the 9 county Bay Area in September. That’s down 40% from last September and the weakest September on record in DataQuick’s database, which goes back to 1988. Interestingly, prices seem to be holding…
The low end of the real estate market here – and in some equally hard-hit places like inland California and coastal Florida – is becoming as wild as anything during the boom. – David Streitfeld, “Amid Housing Bust, Phoenix Begins…
Realty Income (O) is a $50 billion Net Lease REIT that pays a monthly dividend of 26.8 cents which works out to an annual yield of ~5.60%. They call themselves The Monthly Dividend Company since most companies pay dividends quarterly….
Financials are dragging the market down again this morning and I think it has to do with a story in this morning’s Wall Street Journal which is the most highly read on WSJ.com: “Wall Street Gears for Its New Pain:…
Whatever the explanation, median sales prices of existing homes are stabilizing in the $160,000 range so far this year in Sacramento County. – Jim Wasserman, “Capital-area home prices stop slide, for now”, The Sacramento Bee, May 22 Just like in…
During the third quarter, the overall housing market continued its road back to recovery as more confident homebuyers took advantage of increased affordability. While high unemployment and foreclosures will continue to present challenges, consumer sentiment has significantly improved as homebuyers…
