by Steve Rhodes

A review of real estate statistics news for those in San Francisco Bay Area real estate market

A review of real estate statistics news for those in San Francisco Bay Area real estate market

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Home Page > Company > A review of real estate statistics news for those in San Francisco Bay Area real estate market

A review of real estate statistics news for those in San Francisco Bay Area real estate market

Posted: 13 March 2011 |

An overview of real estate statistics news on your San Francisco Bay Area real estate market for December 2010 revealed these trends and forecasts presented below – as reported by DataQuick.

Government insured FHA loan, a popular option among first-time buyers, accounted for 23.7 percent of total assets invested in mortgages in December, compared to 23.9 percent in November and 25.0 percent in December 2009.

Sales of more expensive houses down in the credit crunch, which hit three years ago, while adjustable-rate mortgage (ARM) and "jumbo" loans more difficult to come by suffering.
In December, 9.1 percent were in the Bay Area housing loans ARMs, compared with a revised 9.9 percent in November and 7.9 percent a year ago. The Bay Area average monthly ARM rate over the last decade is 53 percent. ARM's low of 3.0 percent in January 2009.

Jumbo loans, mortgages, more than the old conforming limit of 7000 accounted for 31.3 percent of purchase loans last month, down from a revised 33.4 percent of November, and up from 29.9 percent in December 2009, together with a post- housing-boom low of 17.1 percent in January 2009. But shortly before the August 2007 crunch credit score jumbos accounted for nearly 60 percent from the Bay Area to purchase credit market.

Last month, absentee buyers – mostly investors – purchased 18.7 percent of all Bay Area homes sold, compared with 17.0 percent in November and 17.9 percent a year ago. A check in the real estate industry statistics show the average monthly news since 1988 at 16.5 percent.

Buyer to pay seemed to get all the money – for 24.3 percent of sales came in December, compared with 25.0 percent in November from 23.6 percent one year and an average return of 11.5 percent after 1988, as to show the real estate statistics news.
Home trended lower levels in December, compared with 2.1 percent of the homes that were sold on the open market, bought and resold within a period of six months. This is a decline from a tilting rate of 2.7 percent in November and 2.3 percent a year earlier. Last month's flipping rates varied from 0.8 percent in San Francisco to 2.9 percent in Contra Costa County – as seen in the real estate statistics news.

The normal monthly mortgage payment that Bay Area consumers pay for itself, was celebrated last month, 558, versus 504 in November, and below, 619 a year ago. Adjusted for inflation last month, the payment was 41.6 percent below the regular payment in the spring of 1989, the peak of the prior real estate cycle. It was 56.9 percent below the current cycle peak in July 2007.

Foreclosure workout remains high by historical standards, however, reached at peak more than the last two years. Financing with multiple mortgages is low, Down payment sizes are stable, and not owner occupied buying is above average, DataQuick reported in the latest real estate statistics news.

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AllenNoolio –
About the Author:

The author very well perceive the market as a broker in San Francisco Bay Area and recommend http://www.erealtyone.com for more real estate tools and information.

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The author very well perceive the market as a broker in San Francisco Bay Area and recommend http://www.erealtyone.com for more real estate tools and information.

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