Archive for December, 2005



California Still the Most Populated State

Published on December 29, 2005

The population of the U.S. grew by 2.8 million people between July 1, 2004, and July 1, 2005, according to a recent report by the U.S. Census Bureau. More than 296 million people reside in the nation, and the 10 most populous states, led by California with 36.1 million residents, account for 54% of the [...]


Victorian Architecture

Published on

Victorian architecture dates from the second half of the 19th century, when America was exploring new approaches to building and design. There are a variety of Victorian styles, including Second Empire, Italianate, Stick, and Queen Anne. Advancements in machine technology meant that Victorian-era builders could easily incorporate mass-produced ornamentation such as brackets, spindles, and patterned [...]


Prices Up, Sales Down

Published on December 23, 2005

The median price of an existing home in California in November increased 16.2 % and sales decreased 11.2 % compared with the same period a year ago, according to the California Association of Realtors.
“The California housing market continues to experience year-over-year double-digit price appreciation, which is consistent with our expectation that the statewide median for [...]


Housing Starts Up Nationwide

Published on December 22, 2005

After a decline in October, the annual rate for privately-owned housing starts in November rose to 17.5% or 2.12 million units, according to a report released by the U.S. Dept. of Commerce. Single-family housing starts are up 4.8 % from October to a rate of 1.81 million units, while starts for buildings with five or [...]


The Craftsman Style Home

Published on December 21, 2005

Due to the many diffent architecural styles used in the building of homes in Southern California over the past 200 years, and the numerous questions I receive each day related to them, each week I’ll define one specific style of architecture. My hope is that this will provide you with a better understanding of the [...]


Luxury Home Prices Soar

Published on December 12, 2005

Despite signs that the market is slowing, luxury home prices in Los Angeles, San Francisco and San Diego reached record highs during the third quarter of 2005, according to the First Republic Prestige Home Index, which tracks homes valued at more than $1 million in key California markets. In Los Angeles, the value of high-end [...]


Housing Affordability Remains Low

Published on December 11, 2005

The percentage of households in California able to afford a median-priced home stood at 15 % in October, a 4 % decrease compared with the same period a year ago, according to a report released by the California Association of Realtors. The October Housing Affordability Index was unchanged from September.
The minimum household income needed [...]


Hot Property of the Week

Published on December 8, 2005

This week we set our sights on a exquisite home in the city of Moreno Valley. Built in 2002, the Hot Property of this week is a beautifully manicured and maintained single-story home near Sunnymead Ranch Lake and Shadow Mountain Park. This 4 bedroom 3 bathroom home boasts pride of ownership throughout its 2,646 square [...]


Median Home Price Increased in October

Published on December 5, 2005

The median price of an existing single-family detached home in California during October 2005 was $538,770, a 17.2 % increase over the median price of $459,530 in October 2004, the California Association of Realtors reported. The October 2005 median price decreased 1 % compared with September’s $543,980 median price.
“While California is still experiencing year-over-year double-digit [...]


New Conforming Loan Limits

Published on December 3, 2005

More than 28,590 families in California will be able to benefit from Fannie Mae’s and Freddie Mac’s recent announcements that each will increase it’s single-family mortgage loan limit from $359,650 to $417,000 in 2006, according to an analysis by C.A.R.
While I’m sure many will be pleased by this, the new conforming loan limits are not [...]