http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/ Home loans made easy Fri, 21 Nov 2008 18:51:50 +0000 http://wordpress.org/?v=2.3 http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/#comment-12917 LendingClarity.com » Blog Archive » U.S. Housing Starts Drop In August–A Glimpse of Green Fri, 21 Sep 2007 02:51:29 +0000 http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/#comment-12917 [...] Last November I reported on the Sacramento Region Housing Forecast during which Harry Elliott of Elliott Homes blasted the publicly traded home builders for continuing to pour inventory into an already home-heavy market.  Even those “publics” are now beginning to put their projects on ice, having apparently grown weary of slitting each others throats over the few remaining buyers.  [...] […] Last November I reported on the Sacramento Region Housing Forecast during which Harry Elliott of Elliott Homes blasted the publicly traded home builders for continuing to pour inventory into an already home-heavy market.  Even those “publics” are now beginning to put their projects on ice, having apparently grown weary of slitting each others throats over the few remaining buyers.  […]

]]> http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/#comment-4802 LendingClarity.com » Blog Archive » After the Housing Bubble–Toll Bros. CEO is Optimist About Home Prices Fri, 27 Apr 2007 06:12:44 +0000 http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/#comment-4802 [...] Where are we headed?  What are “affordable” prices?  I think the magic number is around 2003 price levels.  At last November’s 2006 Sacramento Region Housing Forecast, Greg Paquin of the Gregory Group charted the divergence of median incomes and median homes prices that began in 1998 and subsequently picked up speed.  You can see where prices became unaffordable.   According to Gardner, we are already at 2004 levels.  DeMattei believes that 2003 prices represent the place where mortgage payments and rents meet. I agree.  The good news is that we are getting close. [...] […] Where are we headed?  What are “affordable” prices?  I think the magic number is around 2003 price levels.  At last November’s 2006 Sacramento Region Housing Forecast, Greg Paquin of the Gregory Group charted the divergence of median incomes and median homes prices that began in 1998 and subsequently picked up speed.  You can see where prices became unaffordable.   According to Gardner, we are already at 2004 levels.  DeMattei believes that 2003 prices represent the place where mortgage payments and rents meet. I agree.  The good news is that we are getting close. […]

]]> http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/#comment-45 LendingClarity.com » Blog Archive » Sacramento Home Sales Pick Up in December Fri, 05 Jan 2007 20:23:53 +0000 http://www.lendingclarity.com/2006/11/08/sacramento-region-housing-forecast-north-state-bia/#comment-45 [...] I fully expected this brief flurry to subside, but so far is appears to have legs.   Local predictions for the Sacramento real estate market still anticipate that values will fall a bit more in 2007 as supply and demand find their equilibrium.  Inventory levels are still high, and I’ve written previously that I do not think they are falling as quickly as the HUD and Census Bureau reports indicate.   The trauma is not over.  But perhaps the patient has been stabilized and we can now look forward to a gradual return to normal health.  All in all, 2007 looks far more promising that 2006. [...] […] I fully expected this brief flurry to subside, but so far is appears to have legs.   Local predictions for the Sacramento real estate market still anticipate that values will fall a bit more in 2007 as supply and demand find their equilibrium.  Inventory levels are still high, and I’ve written previously that I do not think they are falling as quickly as the HUD and Census Bureau reports indicate.   The trauma is not over.  But perhaps the patient has been stabilized and we can now look forward to a gradual return to normal health.  All in all, 2007 looks far more promising that 2006. […]

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