News Alerts. Oct. 19, 2013. Evening Edition. #RealEstate

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  1. Bay Area Home Prices Cool As Inventory Creeps Higher – CBS San Francisco

    Keep the San Francisco housing bubble from popping?

    SAN FRANCISCO (CBS/AP) — A research firm says San Francisco Bay area home prices cooled last month as inventories grew and investor interest declined.

    DataQuick said Thursday that the median sales price for new and existing houses and condominiums was $530,000, up nearly 24 percent from the same period last year. It was the 11th straight month of annual percentage gains above 20 percent, but the second straight decline from the previous month after peaking at $562,000 in July.

    Source … https://sanfrancisco.cbslocal.com/2013/1 0/17/bay-area-home-prices-cool-as-invent ory-creeps-higher/


  2. Utah among top spots for rental properties | The Salt Lake Tribune

    Salt Lake City is among the most attractive U.S. housing markets for making money by owning and renting out single-family houses and apartment complexes, according to several measures. That’s been spurred by job growth, lifestyle changes and the fallout from a real estate crash-turned-foreclosure crisis that forced thousands of Utahs out of their homes.

    Utah’s nearly 4 percent gain in jobs between 2012 and 2013 “is an astronomical number,” said Jacob Colker, a senior vice president with the company [All Property Management]. “It’s an incredibly positive sign for a city to be that far out ahead of the rest of the country.”

    Having watched their parents endure dramatic losses in home values or even foreclosure, increasing numbers of potential homebuyers aged 21 to 45 are opting to rent instead and remain more mobile and less financially encumbered.

    Source … https://www.sltrib.com/sltrib/money/5700 7414-79/rental-lake-salt-company.html.cs p


  3. Five Essentials for a Green Community – Multifamily Executive Magazine

    … 77 percent of renters felt green apartments were important.

    Here are the Top 5 features renters considered were essential:

    Energy Star Appliances: …

    Energy Efficient Windows: …

    Water Saving Toilets: …

    Water Saving Bathroom Faucets: …

    Water Saving Showerheads: …

    When the landlord is paying for water, the water-saving features are real money savers over time.

    Source … https://www.multifamilyexecutive.com/gre en-design/five-essentials-for-a-green-co mmunity.aspx


  4. MBS RECAP: Strong Gains Bring Bonds Back to Pre-Shutdown Levels

    Surprisingly enough, after the government shutdown, both Treasuries and MBS are back to levels they were trading at- well–before the shutdown.

    We would have been surprised had it not happened.

    Source … https://www.mortgagenewsdaily.com/mortga ge_rates/blog/328258.aspx

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