Factors in construction forecasting

This article comes from First Tuesday Journal Online Part 1 of this article series explores the economic factors that underlie growth in the construction industry and forecasts housing starts for five years to come. This article is the first in a two-part series. For further analysis, including pricing forecasts and discussion of the government’s role…

Wealth from other nations: foreign investments in California real estate

This article comes from First Tuesday Journal Online This article identifies the growing contingent of foreign investors interested in purchasing California real estate and explains the basic investment strategy involved. Broader horizons The current condition of the typical California real estate agent specializing in the sale of single family residences (SFRs) is in need of…

Reeling from California’s lack of jobs

This article comes from First Tuesday Journal Online Chart last updated 11/20/11 October 2011 September 2011 October 2010 CA Unemployment Rate 11.2% 11.4% 12.1% Number Unemployed 2,049,900 2,068,600 2,194,300 LFP Rate 63.5% 63.4% 63.9% Data courtesy of California Employment Development Department For more employment information, see first tuesday’s Market Chart, Jobs Move Real Estate. The…

Buyer purchasing power

This article comes from First Tuesday Journal Online Chart last updated 11/2/11 October 2011 September 2011 October 2010 One Year Rate Differential .16% .24% .72% Data courtesy of Freddie Mac A homebuyer’s maximum financial ability to purchase property depends entirely upon his down payment and the amount he qualifies to borrow from a lender. The…

Homebuyer optimism uninformed about future pricing

This article comes from First Tuesday Journal Online 42% of prospective homebuyers believe home values will increase 7% annually in the coming years, according to a poll by Zillow. These answers reflect the inadequate knowledge most prospective homebuyers have about the most important financial decision of their lives. In a normal market, home prices appreciate…

Underwater? Yes, you can refinance

This articles comes from On The Block at SFGate.com Mortgage rates have been tumbling down to historic lows again with many homeowners taking advantage of the fall to lower their monthly mortgage bill. Traditionally, you had to have enough equity in your home to refinance. Many of the 28% or so of American homeowners who…