If the even rules of supply and demand hold true…prices are going up …AGAIN Orange County house hunters, act fast: You have 546 fewer listings to consider compared with a year ago. ReportsOnHousing tracks homebuying patterns found in real estate broker networks: supply (active listings); demand (new escrows in past 30 days); and “market time” (a measure of the number of days it takes a typical listing to enter escrow). As of Jan. 25, ReportsOnHousing found Orange County’s supply of listings was 3,774 listings, down 13 percent in a year and down 17 percent vs. 2013-17 average. Demand was 1,764 new escrows, down 9 percent in a year and down 16 percent vs. 2013-17 average. So market time dipped by three days in a year to 64 vs. an average 67 days in 2013-17. By county, across Southern California … Riverside County Market time: 109 days vs. 119 a year earlier and an average 116 days in 2013-17. Supply: 7,870 listings, down 13 percent in a year and down 14 percent vs. 2013-17 average. Demand: 2,160 new escrows, down 5 percent in a year and down 11 percent vs. 2013-17 average. San Bernardino County Market time: 75 days vs. 78 a year earlier and an average 86 days in 2013-17. Supply: 4,025 listings, down 6 percent in a year and down 12 percent vs. 2013-17 average. Demand: 1,601 new escrows, down 2 percent in a year and down 1 percent vs. 2013-17 average. Los Angeles County Market time: 70 days vs. 73 a year earlier and an average 73 days in 2013-17. Supply: 8,843 listings, down 12 percent in a year and down 17 percent vs. 2013-17 average. Demand: 3,793 new escrows, down 8 percent in a year and down 15 percent vs. 2013-17 average https://www.ocregister.com/2018/01/29/whered-orange-county-home-sellers-go-546-fewer-listings-this-year

Where did Orange County home sellers go? 546 fewer listings this year
Orange County house hunters, act fast: You have 546 fewer listings to consider compared with a year ago. ReportsOnHousing tracks homebuying patterns found in real estate broker networks: supply (ac…
More info @ https://www.ocregister.com/2018/01/29/whered-orange-county-home-sellers-go-546-fewer-listings-this-year
If the even rules of supply and demand hold true…prices are going up …AGAIN
Orange County house hunters, act fast: You have 546 fewer listings to consider compared with a year ago.

ReportsOnHousing tracks homebuying patterns found in real estate broker networks: supply (active listings); demand (new escrows in past 30 days); and “market time” (a measure of the number of days it takes a typical listing to enter escrow).

As of Jan. 25, ReportsOnHousing found Orange County’s supply of listings was 3,774 listings, down 13 percent in a year and down 17 percent vs. 2013-17 average. Demand was 1,764 new escrows, down 9 percent in a year and down 16 percent vs. 2013-17 average. So market time dipped by three days in a year to 64 vs. an average 67 days in 2013-17.

By county, across Southern California …

Riverside County

Market time: 109 days vs. 119 a year earlier and an average 116 days in 2013-17.

Supply: 7,870 listings, down 13 percent in a year and down 14 percent vs. 2013-17 average.

Demand: 2,160 new escrows, down 5 percent in a year and down 11 percent vs. 2013-17 average.

San Bernardino County

Market time: 75 days vs. 78 a year earlier and an average 86 days in 2013-17.

Supply: 4,025 listings, down 6 percent in a year and down 12 percent vs. 2013-17 average.

Demand: 1,601 new escrows, down 2 percent in a year and down 1 percent vs. 2013-17 average.

Los Angeles County

Market time: 70 days vs. 73 a year earlier and an average 73 days in 2013-17.

Supply: 8,843 listings, down 12 percent in a year and down 17 percent vs. 2013-17 average.

Demand: 3,793 new escrows, down 8 percent in a year and down 15 percent vs. 2013-17 average
https://www.ocregister.com/2018/01/29/whered-orange-county-home-sellers-go-546-fewer-listings-this-year Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 30, 2018 at 01:07PM

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Home prices surge to new high, up 6.2% in November The supply crisis in the housing market is not letting up, and neither are the home price gains. National home prices rose 6.2 percent annually on S&P CoreLogic Case-Shiller’s most broad survey. Another S&P index of the nation’s 20 largest housing markets showed a 6.4 percent gain, higher than analysts had expected.

Home prices surge to new high, up 6.2% in November
The supply crisis in the housing market is not letting up, and consequently neither are the gains in home values.
More info @ https://www.cnbc.com/2018/01/30/home-prices-surge-to-new-high-up-6-point-2-percent-in-november.html
Home prices surge to new high, up 6.2% in November
The supply crisis in the housing market is not letting up, and neither are the home price gains.
National home prices rose 6.2 percent annually on S&P CoreLogic Case-Shiller’s most broad survey.
Another S&P index of the nation’s 20 largest housing markets showed a 6.4 percent gain, higher than analysts had expected. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 30, 2018 at 08:39AM

https://www.illinoisrealtors.org/blog/december-home-sales-fluctuate-2017-illinois-housing-market-outpaces-previous-year/

December home sales fluctuate, but 2017 Illinois housing market outpaces previous year
Illinois ended the year in positive territory for both sales and median prices, but the data showed the housing market continued to be affected by a lack of available inventory, according to data released by Illinois REALTORS®. December showed a slight decrease in home sales statewide, but median p…
More info @ https://www.illinoisrealtors.org/blog/december-home-sales-fluctuate-2017-illinois-housing-market-outpaces-previous-year/
https://www.illinoisrealtors.org/blog/december-home-sales-fluctuate-2017-illinois-housing-market-outpaces-previous-year/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 25, 2018 at 09:33PM

https://www.prnewswire.com/news-releases/us-foreclosure-activity-drops-to-12-year-low-in-2017-300584249.html

U.S. Foreclosure Activity Drops To 12-Year Low In 2017
IRVINE, Calif., Jan. 18, 2018 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s largest multi-sourced…
More info @ https://www.prnewswire.com/news-releases/us-foreclosure-activity-drops-to-12-year-low-in-2017-300584249.html
https://www.prnewswire.com/news-releases/us-foreclosure-activity-drops-to-12-year-low-in-2017-300584249.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 21, 2018 at 10:45PM

https://www.prnewswire.com/news-releases/redfin-2017-closed-with-strong-home-price-growth-up-7-percent-in-december-300584368.html

Redfin: 2017 Closed with Strong Home Price Growth, Up 7 Percent in December
SEATTLE, Jan. 18, 2018 /PRNewswire/ — (NASDAQ: RDFN) — Home prices finished the year strong, up 6.8 percent in…
More info @ https://www.prnewswire.com/news-releases/redfin-2017-closed-with-strong-home-price-growth-up-7-percent-in-december-300584368.html
https://www.prnewswire.com/news-releases/redfin-2017-closed-with-strong-home-price-growth-up-7-percent-in-december-300584368.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 21, 2018 at 10:42PM

New Home Sales at the Top 50 Masterplans Set a New Record Home buyers love master-planned communities. More than 28,000 home buyers purchased homes in the top 50 master-planned communities last year. While new home sales grew 9% last year, masterplan sales grew 20%! All 50 communities sold at least 314 homes last year—almost one per day. Many Southern California masterplans ranked in the top 25. Southern California masterplans represent 12% of the top 50 and 24% of the top 25. Orange County masterplans dominated, and San Diego and the Inland Empire each had one in the top 25. More Southwest masterplans made the top 25. Southwest masterplans claim 24% of the top 50, flat from 2016. However, improved Phoenix and Las Vegas new home sales produced more top 25 masterplans, while fewer in Denver made our ranking. Fewer Texas masterplans made the top 25. Texas captures 30% of our 2017 top 50, dropping 2 percentage points from last year. Slower sales due to a mix of lot gaps, higher home prices, and extensive competition in the most desirable locations resulted in only two Texas masterplans achieving the top 25 ranking in 2017. Florida’s masterplans account for 28% of the top 25, up from 20% one year ago. Though Florida’s share of the top 50 dipped by 2 percentage points, we expect more growth in 2018 as new communities in Jacksonville, Orlando, and Tampa gain traction. Strong job growth and lifestyle appeal to both families and retirees pave the way. The recent hurricane devastation in the Caribbean is likely to increase tourism in Florida this year, too, which will increase home demand. https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/

23,263 New Home Sales Last Year at Top 50 Masterplans, a 14% Increase over 2014 | John Burns Real Estate Consulting
John Burns Real Estate Consulting, LLC (JBREC) congratulates the developers and home builders that made the top 50 masterplans so successful in 2015.
More info @ https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/
New Home Sales at the Top 50 Masterplans Set a New Record

Home buyers love master-planned communities. More than 28,000 home buyers purchased homes in the top 50 master-planned communities last year. While new home sales grew 9% last year, masterplan sales grew 20%! All 50 communities sold at least 314 homes last year—almost one per day.

Many Southern California masterplans ranked in the top 25. Southern California masterplans represent 12% of the top 50 and 24% of the top 25. Orange County masterplans dominated, and San Diego and the Inland Empire each had one in the top 25.

More Southwest masterplans made the top 25. Southwest masterplans claim 24% of the top 50, flat from 2016. However, improved Phoenix and Las Vegas new home sales produced more top 25 masterplans, while fewer in Denver made our ranking.

Fewer Texas masterplans made the top 25. Texas captures 30% of our 2017 top 50, dropping 2 percentage points from last year. Slower sales due to a mix of lot gaps, higher home prices, and extensive competition in the most desirable locations resulted in only two Texas masterplans achieving the top 25 ranking in 2017.

Florida’s masterplans account for 28% of the top 25, up from 20% one year ago. Though Florida’s share of the top 50 dipped by 2 percentage points, we expect more growth in 2018 as new communities in Jacksonville, Orlando, and Tampa gain traction. Strong job growth and lifestyle appeal to both families and retirees pave the way. The recent hurricane devastation in the Caribbean is likely to increase tourism in Florida this year, too, which will increase home demand.
https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 11, 2018 at 08:29AM

#construction #constructionboom #buildingboom #positiverealestate #constructionjobs “By all measures, a construction boom is shaping up for 2018 The construction industry added 30,000 jobs last month, according to the Labor Department. That brings the sector’s 2017 gains to 210,000 positions, a 35 percent increase over the previous year. Construction spending is also soaring, up to a record $1.257 trillion in November, according to the Commerce Department. Optimism among construction contractors is also at a record high.”

By all measures, a construction boom is shaping up for 2018
The construction industry finished the year with 35 percent more jobs added than in 2016. Now, the industry is even more optimistic.
More info @ https://www.cnbc.com/2018/01/05/by-all-measures-a-construction-boom-is-shaping-up-for-2018.html
#construction #constructionboom #buildingboom #positiverealestate #constructionjobs
“By all measures, a construction boom is shaping up for 2018
The construction industry added 30,000 jobs last month, according to the Labor Department.
That brings the sector’s 2017 gains to 210,000 positions, a 35 percent increase over the previous year.
Construction spending is also soaring, up to a record $1.257 trillion in November, according to the Commerce Department.
Optimism among construction contractors is also at a record high.” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 09, 2018 at 08:53AM