In her latest Economic Straight Talk column, Pacific Union Chief Economist and Vice President of Business Intelligence Selma Hepp offers her take on the U.K.’s unexpected decision to leave the European Union and how it might impact the U.S. housing market. It’s online at http://pacunion.us/28UwkDa
I was recently quoted in this Marin IJ article. I hope you find it as interesting as I did.
Marin’s luxury real estate market is holding steady with sales essentially unchanged from last year, held back by a dearth of homes on the market, experts said.
Forty-eight homes valued at more than $4 million sold between Jan. 1 and Aug. 31, 2015, while 49 such homes sold during the same period in 2014, according to Bay Area Real Estate Information Services, a North Bay multiple listing service.
photo Mike Jacobsen
WASHINGTON (AP) – Real estate has gotten hot again.
Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market. Prices are skyrocketing, aided by a stronger job market and tantalizingly low mortgage rates that are creating pressure for buyers to act fast.
The resurgence is a sign that the U.S. economy – after muddling through a sluggish, six-year recovery – has re-discovered another source of growth. Buyers are more confident about their own prospects. But many also appear ready to close sales quickly because of concerns of being potentially priced out of the market by rising mortgage rates and home values.
By JOSH BOAK
AP Economics Writer
The California Association of Realtors reports that the Bay Area was the only region in California where homes sold at a premium in May, with final sales prices an average of 7.3 percent above asking prices. For details, click here for the full article
|March is one of the busiest months of the year for Northern California homebuyers and sellers. Whether you’re looking for a new home or preparing to put yours on the market, it’s important that you’re ready for busy times ahead. Here are some tips for both buyers and sellers: http://bit.ly/1BOHZc4|
Here is a blog that I really enjoyed reading, and I hope you do too. – Marilyn
As airlines shrink personal space in coach cabins, they are also finding other ways to aggravate travelers: Flight delays, cancellations, lost baggage and complaints all increased last year.
Passengers got hit with bad weather, a crippling fire at a key air-traffic control center near Chicago and runway resurfacing closures in San Francisco and Newark, N.J. Several merged airlines had problems of their own as they sought to combine operations of two airlines into one.
U.S. airlines canceled nearly 66,000 more flights last year than in 2013, and the percentage of canceled flights jumped to 2.7% from 1.9% the previous year, according to flight-tracking firm FlightStats Inc.
For more information, please visit: http://www.wsj.com/articles/the-best-and-worst-airlines-1421254623
|You don’t just get one of the Bay Area’s most coveted – and expensive – ZIP codes when you buy a home in the waterfront Marin County city of Belvedere; you also get dazzling views, top-tier schools, privacy, and a distinctly small-town flavor. Check out our community profile at http://bit.ly/1xxFUy6|