Monthly Archives: April 2009

GDP Falls, Stock Rallies

Why am I saying that the median home prices in the stronger markets (i.e. the South Bay region of Los Angeles) is near a bottom? It is because the stock market is telling me so. The stock market charts allow … Continue reading

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South Bay Home Price Change Trend

As promised in the previous blog, I’ll be blogging about price changes in the Los Angeles County South Bay area. But before going there, let’s look at the entire US market to understand what’s happening. According to the California Association … Continue reading

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Existing-Home Sales Slip but First-Time Buyers Rise

Nation-wide existing home sales slipped 3.0% in March 2009 compared to February 2009. So, why is this blogger (James Makishima—me!) keep saying “Buy! Buy! Buy!”?   Well, home price rose 4.2% nation-wide between February 2009 and March 2009. This is … Continue reading

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Interest Rate Stays Low

Based on Primary Mortgage Market Survey released by Freddie Mac last week, the average interest rate for a 30-year fixed rate mortgage remained below 5.0% for the fifth week in a row. The average interest rate for the week of … Continue reading

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Is now a good time to buy?

Hello and welcome to James’ blog site. I’ll try to keep this on-topic–although I digress frequently–and just talk about Real Estate in a timely matter.   "Is now a good time buy? How close are we to the market bottom?" … Continue reading

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