Realtors expect home prices to grow the most in California, Florida and Texas

As the first second quarter of the year is near us, results of 2014 real estate market report are in.  Overall, NAR members expect a slowdown from the 2013 big growth.  Good news, right? Good news in certain states. Home prices are expected to increase over the next 12 months in California, Texas, Florida, and other states with a median price increase of 4%.  

A home with a purchase price of $300,000 today could be $312,000 in a year from now. 

Keep in mind that price movements depend on the local housing demand and supply, and the access of mortgage financing.

Search homes at www.BetancourtRealEstateGroup.com/properties or call us (818) 384-5928 to discuss your options in the real estate market.

Source: HousingWire.com

JUST SOLD!! Norwalk California Home

Congratulations to our clients on their new home! Successfully represented buyer. 

Find homes for sale at http://www.BetancourtRealEstateGroup.com.  

Find the value of your home at http://www.BetancourtRealEstateGroup.com

New Homes for Sale in Sherman Oaks, California

View New Homes for Sale in beautiful Sherman Oaks! (http://bit.ly/SONewHomes)

Thinking of selling your home? Click here for a FREE home value market report from a professional real estate agent in Sherman Oaks! 

Beautiful Day in Encino!

Despite the early morning 4.7 earthquake...it's a beautiful day in Encino! View homes in this neighborhood for sale at http://bit.ly/Encino4Sale.  To view homes for sale in surrounding cities at http://www.BetancourtRealEstateGroup.com.

To view your home value in todays market, visit us at www.BetancourtRealEstateGroup.com/seller

10 Top Things Home Buyers Want in a Neighborhood

To find homes for sale in your area, visit www.BetancourtRealEstateGroup.com or email us for a no-cost home value report. 

Current Construction in Sherman Oaks: Ralphs Fresh Fare

View from Moorpark St and Hazeltine Ave

It's been a slow process but it's definitely worth the wait!! 

Last year in January, we saw the first sign of framing and hoped to see our new Ralphs up and running by Fall of 2013.  A few weeks ago, I was driving in the car with my husband on Moorpark St and saw construction is still going on strong. 

At this rate, perhaps a Fall of 2014 may be more of a realistic opening.  Personality, I don't mind.  It's a bigger improvement for Ventura Blvd and the community of Sherman Oaks. :) 

North Hollywood OPEN HOUSE LIST!!! FREE!!

Great properties to view this week!!! Especially this beautiful move-in ready home on Killion Street listed by Rashad Winston, REALTOR

(http://bit.ly/NoHoOPENHOUSE)

Looking to list your home? Contact me!! Let me give you a complimentary market value home report. 

JUST SOLD - Renovated Condo in Sherman Oaks

 5003 TILDEN AVE                                                                                                              

Sherman Oaks, California
2 Bedrooms | 2 Baths | 949 sqft

JUST SOLD! Closed in 27 days!

Move in ready condo with recent renovations.  Walking distance to beautiful Park and downtown Sherman Oaks! Successfully Represented Buyer.

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California Real Estate FAST FACTS

did you know these FAST FACTS from the california association of realtor (C.A.r.)? Calif. median home price: April 2013:  California: $402,760 Calif. highest median home price by region/county April 2013: Marin, $952,870 Calif. lowest median home price by region/county March 2013: Siskiyou County, $$118,0000 Calif. Pending Home Sales Index: April 2013: Decreased 3.7 percent from a revised 126.5 in March to 121.7 in April   Calif. Traditional Housing AffordabilityIndex: First Quarter 2013: 44 percent (Source: C.A.R.) Mortgage rates: Week ending 6/6/2013 (Source: Freddie Mac) 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.10% fees/points: 0.7% 1-yr. adjustable: 2.58% Fees/points: 0.4% Thinking about how your home compares? Start with a FREE home value report from a licensed California realtor.

Foreclosure Inventory is Down by 21%

As of January 2013, foreclosure inventory has fallen for 15 months straight.  Nationwide, the number of homes in foreclosure is down by 1.2 million as of January.  This is a good sign that the real estate market and neighborhoods are stabilizing.  A major boost to the decline in foreclosure was also due to the holiday seasons in which banks traditional hold off.  

 With a decline in foreclosure,  real estate prices are soaring upward and appraisals are meeting the soaring prices.  Let us watch and see if this trend continues throughout the year.

According to CoreLogic, here are the top five states in the foreclosure inventory:

1. California (96,000)

2. Florida (95,000)

3. Michigan (74,000)

4. Texas (59,000)

5. Georgia (50,000)

For a list of recent foreclosures, click here.