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Spring Housing Sales were brisk, but the season too short, say local Realtors in California.

Now that Memorial Day has passed, and graduations are finishing up, we are entering the doldrums of Summer, which while not as seasonally depressed for real estate sales as the winter months, is still not on par with the selling and buying flurry we have just come out of. I recently found an excellent article on the housing market, the continued economic stagnation (Read Triple-Dip Recession) and the long lasting effects our high unemployment, massive debt, deflated home values and underwater mortgages is having on the American Family and the American Marriage.
I have reposted this article from DivorceRate2011.com, and believe you will find some of it if not all very interesting:
"With the seasonal high in the real estate market coming to an end, and the economy no better that it was a year ago for most Americans, the flurry of divorce filings that were funded by the cash proceeds of couples who sold their homes and are buying their way out of a bad marriage is coming to a end for 2011.
Real Estate sales peak in the spring, and then taper off with Graduations, Memorial Day trips and as the Summer drags on and people become focused on vacations, home improvement and the numerous distractions of the long hot summer days. And there has been a long pent up desire for couples to get divorced, fueled by the increase in financial pressures on marriages in this economy, the now "triple dip" Recession! With so many American's under such heavy financial burden and debt, the stress of keeping a marriage and family together is more than most can handle. The problem is that it is this same financial stress that is killing the marriage that is keeping the couples from filing for a divorce. Simply put - they cannot afford the divorce lawyers, attorneys and the two households. Hell, most can't afford the one miserable household they are in!
After surviving a lackluster Holiday season, there was much anticipation and media supporting the current political agenda that recovery was solid and financial miracles were about to occur. And we all know that has not happened. The Real Estate market is still miserably slow, with inventory levels quoted by industry "Outsiders" as hovering around the 9 month levels (That means that the number of homes offered for sale, with the current rate of sale, would take about 9 months to sell them all). The healthy figure used for comparison is around 6 months inventory. Sadly, these latest figures DO NOT ACCOUNT for the SHADOW INVENTORY, such as pending foreclosures, short sales, REO's and other "Off the books" real estate that is just sitting in inventory, not being actively marketed or listed, and waiting for the bull-dozer of the Miraculous Recovery we have all been promised by Obama!
In reality, there are at least 36 months of housing inventory and the buyers are few and far between. In fact, within the next 12 months, over 50% of all home sales in America will be short sales. And according to Core Logic, that projection may be conservative in some states. Some of the worst hit states will suffer even more, with over half of all home sales in Michigan (62.8%), Nevada (60.3%), and Arizona (51.5%) being distressed sales - Foreclosures, Short Sales or REO's.
Rounding out the top 10 states for distressed home sales were California, Utah, Idaho, Georgia, Florida, Colorado, and Hawaii.
So how does the real estate market effect the divorce rate? Simple. Divorce filings were up with the housing market, because couples were able to remove one of the factors keeping them from filing for divorce - their home and or mortgage. IF, upon selling their home, a married couple was able to realize a profit, an abnormally high percentage of them are using part of those proceeds to file for divorce.
And now that the seasonally adjusted REAL ESTATE SELLING AND BUYING high months are behind us, we are seeing divorce filings taper off. But make no mistake, the demand is still there, simmering just below the flotsam of financial decay and lost consumer confidence that has a stranglehold on American families, doubting that there is any real recovery coming anytime soon.
Spring Housing Sales were brisk, but the season too short, say local Realtors in California.
Now that Memorial Day has passed, and graduations are finishing up, we are entering the doldrums of Summer, which while not as seasonally depressed for real estate sales as the winter months, is still not on par with the [...]
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Recovery in the housing market continues to stumble along like a drunken sailer despite efforts of local and national media trying to sell a jaded American public on the “recovery”. Clearly, if you own a home… you know that the value of your asset has not made any magic increase in almost 7 years. [...]
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As predicted, the increase in short sales and foreclosures is bringing to the market a new wave of home deals for the buyers ready and willing to have the patience to see the process through to the end. And with no end in sight to the record unemployment nor to the kind of long term [...]
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Simple truths are hard to ignore. And the truth is that home buyers are fed up with the often long and disappointing distressed property buying process. Loan rates are on the rise, tax incentives are about to expire, and there has been a mad dash the last 60 days as qualified buyers rushed to get [...]
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In case you have been living in a cave somewhere in the South Pacific, INTEREST RATES ARE GOING UP!
Now that the Feds are done propping up the mortgage rates to provide incentives for home buyers, we have just within the last few days seen the rates for a 30 fixed go up from 5.04% [...]
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So, you don’t want to be bothered with “Political stuff…?” If you are a home owner, developer, or Realtor, you had better read this one. It will come as a huge shock to you if you are not informed as to what Obama [and all the others pretending to be a govt] is up to [...]
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This is my favorite time of year to live in this part of California, and Emerald Hills is but one example of just how magnificent the spring time can be. Everything is green! When you live in Emerald Hills, there is a sense of community and all of our neighbors seem to realize the benefits [...]
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February 2010 saw an increase in the median price of homes SOLD in San Mateo county compared to the same months sales figures of a year ago, according to the MDA Dataquick. A 13% increase in the median brought the number to $600,000, up from $531,000 last year. Santa Clara county saw an even larger [...]
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We all know what happened in 2006 as the economy felt the beginnings of the collapse of the real estate market. That slow spiral of death into oblivion that has landed us here in 2010 with little to show for the lesson learned is rather disturbing to say the least.
So now what?
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January 2010 marked the highest unemployment level in California in more than three decades, according to EDD in Sacramento. Even after the holiday hiring, California still is lagging behind the rest of the nation in job gains and rehires. And as I have said before, sadly this number does not accurately reflect the true [...]
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