Well, I understand why you felt compelled to delete everything because of insulting comments and all but It could have been very in depth information for people who are about to enter first-time homeownership. Besides, it is anonimous online disscussion, why did you have to take away good things from us? Were you by any chance blackmailed by a group of realtors? I resent that you seem to think you own all the hot discussions we had lately on this site, although I didn’t actively participate in it because I didn’t have enough confidence on the prospect of housing market either way.
We Koreans are known as smart people who pursue justice but often are criticized as short-fused and lacking the ability to accumulate informational basis as a group.
I just hope that we can exchange more solid information and opinions in the new year.

Good points.

주택 마켓 아직은 튼튼합니다. 아래를 참조 하세요.^^

Bay Area: Record Home Sales, Record Prices
December 16, 2004
La Jolla, CA.—-Home sales in the Bay Area had their best November ever last month, as prices reached a new peak, a real estate information service reported.

A total of 10,987 new and resale houses and condos were sold in the nine-county region in November. That was down 2.5 percent from 11,180 in October, and up 13.6 percent from 9,594 for November last year, according to DataQuick Information Systems.

A decline from October to November is normal for the season. Last month’s sales were the strongest for any November in DataQuick’s statistics, which go back to 1988.

At 123,770, sales for the first eleven months of this year have already passed sales for the whole of 2003, making 2004 a record year even before December sales are included.

“The strength of the market certainly has a lot of last year’s forecasters scratching their heads. Even with demand being stronger than expected, these numbers are remarkable. It’s interesting too that the appreciation rate has remained stable the past half year,” said Marshall Prentice, DataQuick president.

The median price paid for a Bay Area home was $533,000 last month, another record. That was up 1.7 percent from $524,000 in October, and up 17.1 percent from $455,000 for November a year ago. Year-over-year price increases have been in the 15%-18% range since April.

DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

The typical monthly mortgage payment that Bay Area buyers committed themselves to paying was $2,350 in November. In October it was $2,315, and a year ago it was $2,076. It peaked at $2,450 in June when mortgage interest rates were somewhat higher.

Indicators of market distress are still largely absent. Foreclosure rates are low, down payment sizes are stable and there have been no significant shifts in market mix, DataQuick reported.

All Homes No Sold
Nov-03 No Sold
Nov-04 Pct.
Chg Median
Nov-03 Median
Nov-04 Pct.
Chg
Alameda 1,886 2,251 19.4% $423K $500K 18.2%
Contra Costa 1,898 2,179 14.8% $404K $474K 17.3%
Marin 366 413 12.8% $633K $739K 16.7%
Napa 199 221 11.1% $480K $535K 11.5%
San Francisco 612 616 0.7% $573K $697K 21.6%
San Mateo 725 920 26.9% $553K $664K 20.1%
Santa Clara 2,425 2,624 8.2% $487K $560K 15.0%
Solano 712 918 28.9% $322K $400K 24.2%
Sonoma 771 755 -2.1% $412K $472K 14.6%
Bay Area 9,594 10,897 13.6% $455K $533K 17.1%

Source: DataQuick Information Systems, http://www.DQNews.com

Media Inquiries: John Karevoll (909)867-9534