Real Estate Market Blog: April 2014

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

Weekly Economic Summary from Jonathan Rouse

April 30, 2014
Ginny Kavanaugh
I received this economic summary from Jonathan Rouse, Mortgage Loan Officer at Bank of America. There is some good information here and wanted to share. Last Week in Review New Home Sales for March plunged by 14.5 percent from February to an annual rate of 384,000 units. This was far below the 455,000 expected and the lowest level since July of last year. New Home Sales in March were down 13.3 percent from the same period last year. Existing Home Sales for March didn’t fare much better as they declined by 0.2 percent from February to ...

April 2014 Real Estate Update

April 16, 2014
Ginny Kavanaugh
Right now, the economy is charging along and moving forward. There is positive economic growth. This was the message reported at the California Association of Realtors® meeting of the MenloPark/Atherton and Palo Alto districts last week. The nation’s GDP is at 2.4 percent, up from 1.9 percent in the beginning of 2013. Personal consumption, the biggest component of GDP, hinges on consumer confidence, which is factored on jobs and income. The country lost 8.8 million jobs in the recession, but has gained back 8.1 million since January 2010. In ...