Dean Catiis's Blog

Mortgage Rates May Have Hit Bottom

Posted On: Tuesday, January 4, 2011 - 4:29pm
Tags: 2011, california, forecast, housing, improve, Market, mortgage, predict, rates, real estate, San Francisco

Mortgage rates in 2010 were the lowest in six decades. However, these ultra-low mortgage rates are vanishing. Rates have been rising since November 2010, and the rate for 30-year fixed loans has crossed the 5 percent mark twice in three weeks. Many experts are signaling the end to the 4 percent mortgage rate era.

Will Housing Rebound in 2011?

Posted On: Tuesday, January 4, 2011 - 4:24pm
Tags: 2011, california, forecast, housing, improve, Market, predict, real estate, rebound, San Francisco

Will housing rebound in 2011? It's a question many Americans want answered.

If you've been following my blog, the housing data for the latter months of 2010 have been raising optimism. Especially in San Francisco, median home prices have been showing slight increases; seasonally-adjusted new- and existing-home sales figures have been improving; and inventory has been fairly steady, if not shrinking.

Market Continues to Show Encouraging Signs

Posted On: Friday, July 30, 2010 - 6:29pm
Topics: Market Statistics

Here are several exciting data that show signs of continuing improvement with the real estate market in the past couple of months.

1. California median home price rises 13.6% - The median price of an existing home in California rose 13.6 percent in June. C.A.R. President Steve Goddard said “Although we expect sales to be lower in the second half of the year because of the absence of the government stimulus [the federal home buyers tax credit that just

Growing Population of Echo Boomers May Contribute to Housing Shortage

Posted On: Tuesday, June 15, 2010 - 8:51am
Topics: Market Statistics

The recent shortfall in home building is less than half the long-term run rate needed to meet the nation’s natural population growth.

Luxury Sales Bounce Back

Posted On: Sunday, June 6, 2010 - 7:26pm
Tags: hi end, hi-end, high end, high-end, luxury property | Topics: Market Statistics

Bidding wars for a $2 million house? Sales of high-end homes return to levels not seen since the boom according to a recent Wall Street Journal article.

After a near-disastrous 2009, the luxury market appears to be making a comeback, driven by growing buyer confidence, improved financing conditions and more-realistic seller pricing. Despite the housing downturn, attractively priced homes in some of the nation’s most coveted neighborhoods, including San Francisco, are

Home Prices Inch Up

Posted On: Wednesday, April 28, 2010 - 1:36pm
Topics: Market Statistics

According to a report published on April 27 by the S&P/Case-Shiller 20-city index, home prices posted their first year-over-year increase since December 2006.