Median home price per county with percent change over the past 12 months
Bay Area home sales continue climb, median still below $300K. The number of homes sold in the Bay Area rose for the seventh month in a row in March, the result of continued bargain hunting in the East Bay and other foreclosure-discounted communities. The past year's steep drop in the median price slowed significantly, indicating that the market might be near its price bottom, a real estate information service reported.
Home Builder Confidence Posts Biggest Gain In Five Years
Builder confidence in the market for newly built, single-family homes rose five points in April to the highest level since October 2008, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This gain was the largest one-month increase recorded since May of 2003, and brings the HMI out of single-digit territory for the first time in six months – to 14. Every component of the HMI reflected the boost, with the biggest gain recorded for sales expectations in the next six months.
This information is brought to you by the appraisers at Oakwood Appraisal Co. for those interested in the local, regional, and national real estate market. Please call (925) 588-4170 for any of your residential real estate appraisal needs. They strive to provide a complete range of appraisal services with integrity, reliability, and expertise. Visit their website at http://www.oakwoodappraisal.com/.
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