Posts Tagged ‘housing market’

Hermosa Beach Real Estate Market Update March 2014

Monday, April 7th, 2014

Although Hermosa Beach real estate sales activity for the month of March dropped slightly compared to February, overall the first quarter of 2014 produced an average of 12 closed escrows per month.

03-2014   HB  sales  M-to-M

Despite the median sales price declining in March compared to the previous month, this most recent data is still $200K above  trending stats recorded for January.

03-2014   HB  median sales price  M-to-M

The sales/listing ratio also saw a dip in the ratio recorded, but this is mostly attributable to a 30+% increase in new listings.

03-2014   HB  sales-listings ratio

U.S. Housing Market Shows Signs of Stabalization

Tuesday, July 21st, 2009

A new report released July 20th by ZipRealty indicates that the U.S. housing market is showing signs that the free fall seen in last 18 months may be leveling off. According to the report the number of single-family homes and condos listed for sale decreased in June from May by 2.1 percent, based on MLS reporting in 28 major cities. This marks the 12th consecutive month that ZipRealty has reported a drop in the number of Multiple Listing Service-listed homes. The median list price in the 28 markets increased to $270,440 in June from $270,027 in May.

Federal Government Takes Control of Fannie Mae and Freddie Mac

Friday, September 5th, 2008

Mortgage giants Fannie Mae and Freddie Mac, who have backed 70 percent of new mortgages in recent months, are being taken over by the federal government in an effort to stabilize the housing market according to reports emerging from Washington D.C. The firms will be placed into conservatorship and the top executives will be dismissed.

The holders of the companies’ debt and preferred stock shares will be protected under the conservatorship plan but common stock holders can expect to see their shares drop dramatically in value. The government is looking to make conservative quarterly cash infusions into the companies rather than try to wipe the debt slate clean.¬† The goal is to stabilize the mortgage market without a full scale tax payer bailout of the companies.