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Archive for March, 2013

Home prices post sharp increases in January

Wednesday, March 27th, 2013

Southern California, the Bay Area and other California markets saw sharp price increases in January 2013, and are now clearly in recovery.  Over the year, the Los Angeles metro area was up 12.1%, San Diego up 9.8% and San Francisco up 17.5%.

Read the article here  (LATimes 3/26/13)

Sudden Rise in Home Demand Takes Builders by Surprise

Thursday, March 21st, 2013

The NY Times reports that the housing market recovery across the country, and in Northern California in particular, is real and showing its resilience.

“In my 27 years I’ve never seen inventories this low… I’ve also never seen a market turn so quickly.”  -Real estate broker in Sacramento, CA

Read the article here  (NY Times 3/20/13)