SummerHill Homes


Subscribe to feed


Going Green? nah… Go Red.

Posted on September 18, 2009 by  

Redfinnian that is. Just checking out the recent newsletter from RedFin (a real estate brokerage firm) that reviewed the recent Case Shiller index. Why does this matter? Because they report that home prices and sales are up! As Redfin wisely warns, this is not an indicator that the market is swinging back up any time soon, but it is an indicator that the market is changing. Check out Red Fin’s analysis on the Case Shiller report here.

Another interesting report this week, the White House is considering extending the federal tax credit for new home buyers. This tax credit has already helped boost sales over $1 million dollars this year. But if you would rather be safe than sorry, make sure you close on your new home by November 30th to ensure you recieve that glorious $8,000.

Final buzz for this blog comes from a Wall Street Journal blog posted today. I’ll give you a  little taste of the news from Barclays banking analyst Roger Freeman: “…we believe commercial real estate prices may have bottomed for the time being, resulting in no meaningful markdown…” If commercial real estate is going to start swinging up, the real estate market as a whole has a chance of moving positively into 2010.

Happy Friday!




This entry was posted on Friday, September 18th, 2009 at 3:58 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.



Fair Housing and Equal Opportunity
© 2014 SummerHill Homes. All Rights Reserved. All renderings are artist's conception. SummerHill Homes reserves the right to make changes in price, material, and specifications without notice and without liability for such changes. Broker cooperation welcome. Payment of 3% Realtor® referral fee requires the broker and Realtor® to sign the broker referral program agreement at buyer's first visit to the community, Realtor® must accompany buyer on buyer's first visit to the community and buyer must not have previously registered with SummerHill Homes. Payment of the referral fee is subject to the terms and conditions in the executed broker referral program agreement. Referral fee is paid only upon close of escrow. DRE#01301389