San Francisco, CA (PRWEB) August 31, 2011

Paige Gienger, a San Francisco real estate agent with Coldwell Banker Residential Brokerage, announces the current market data shows that now may be the right time to purchase real estate properties.

As a premier real estate agent specializing in the San Francisco Bay Area, Paige Gienger’s mission is to provide clients with unparalleled service through all phases of the real estate transaction. Her past experience in market cycles has given her knowledge of the ebb and flow of the real estate market and she believes that now is the right time to buy.

“Now is a great time to explore purchasing real estate, specifically in San Francisco,” said Paige Gienger. “This is because San Francisco is one of five major cities where sale prices of homes expect to raise the second half of 2011. According to Clear Capital’s home data index July forecast. Clear Capital provides financial institutions with real-estate valuation and risk assessment information. San Francisco was less impacted by real estate speculation and where fewer foreclosures occurred. A return to the fundamentals of lending also contributes to a stable housing market.”

The local spring market showed a steady monthly increase in home sales, while year over year data for June reveals the lowest inventory and prices in two years. Historically low mortgage interest rates, rising rental rates and rental demand may make owning a home less expensive than renting.

There are other factors for the rise of San Francisco real estate market that are as a strong. The great Northern California location benefits moderate weather climates, close proximity to recreation, parks, beaches and mountains. The city and the surrounding areas have seen a recent increase in jobs and include top-rated universities and expanding medical centers. The Bay Area economy is enhanced by being a tourist Mecca with a known food and wine culture.

For more information about Paige Gienger, and to view her current listings, call her at 415-692-5623 or visit her on the web at www.ontherightpaige-sf.com.

About Paige Gienger

Born and raised in Mountain View and Los Altos Gienger is a proud life-long resident of the San Francisco Bay Area and is familiarized with all San Francisco’s desirable residential neighborhoods. A San Francisco homeowner and 21 year resident with concern and commitment to the community she serves.

Within the Gienger Family, Real Estate expertise comes naturally. Her mother is a top producing Coldwell Banker Agent. Working in her mother’s thriving business, she rapidly acquired inside knowledge and proven actions for sales success.

Paige’s personable and professional personality is the winning combination that has earned her a stellar reputation during her twelve years of helping clients buy and sell homes. Gienger’s personal philosophy is that customer service and satisfaction always comes first. She ensures an enjoyable real estate experience by incorporating her intimate knowledge of Bay Area communities and attention to detail while navigating through current real estate market hurdles.

###

For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate-agent/san-francisco/prweb8758532.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/31/prweb8758532.DTL

Builders are on track to construct the fewest single family homes in history this year. Total housing starts in July were down 1.7 percent, month to month, which may not sound like a lot, but when you break the number down, you see the problem.

Single family starts were down 4.9 percent, while multifamily starts rose 6.3 percent. Rental demand continues to rise, as consumer confidence in homeownership was decimated yet again by the recent debt turmoil in the economy.

I am reporting these numbers from a construction site. Mid-Atlantic Builders of Rockville, Md., is putting up the last phase of a large single-family development out in Bowie, Md., which is about 15 minutes outside the D.C. Beltway. They are a midsized builder, about 40 to 50 homes a year, which is about a third of the business they did just five years ago.

They are now smaller, leaner, but surviving thanks to their location near D.C., where unemployment is low, relative to the rest of the country. Business was even starting to pick up last winter, according to executive vice president Stephen Paul.

“We started what we call the spring market in February. We started out very strong, we had a good February, March, even into April,” he said. “What started to cause consumer confidence to wane was the escalation of gas prices, the debt issue with the government, and what’s going on in Europe.”

In other words: Confidence.

Page 1 of 3 | Next Page
Show Entire Article

Investors Who Held On Since 2008 Made Right Move

Goldman Sachs Slashes Its US GDP Forecast Again

Markets Watch Fed for Hints of New Stimulus as Views on Economy Dim

Stocks Pricing In Recession, But That Is ‘Unlikely’: Cohen

Europe’s Debt Crisis Won’t End Until Greece Defaults

More Top Stories

Article source: http://www.cnbc.com/id/44162436?__source=RSS*blog*&par=RSS

Builders are on track to construct the fewest single family homes in history this year. Total housing starts in July were down 1.7 percent, month to month, which may not sound like a lot, but when you break the number down, you see the problem.

Single family starts were down 4.9 percent, while Multi-family starts rose 6.3 percent. Rental demand continues to rise, as consumer confidence in homeownership was decimated yet again by the recent debt turmoil in the economy.

I am reporting these numbers today from a construction site. Mid-Atlantic Builders of Rockville, MD is putting up the last phase of a large single family development out in Bowie, MD, which is about 15 minutes outside the DC Beltway. They are a mid-sized builder, about 40 to 50 homes a year, which is about a third of the business they did just five years ago.

They are now smaller, leaner, but surviving thanks to their location near DC, where unemployment is low, relative to the rest of the country. Business was even starting to pick up last winter, according to executive VP Stephen Paul.

“We started what we call the spring market in February. We started out very strong, we had a good February, March, even into April. What started to cause consumer confidence to wane was the escalation of gas prices, the debt issue with the government, and what’s going on in Europe.”

In other words: Confidence.

Page 1 of 3 | Next Page
Show Entire Article

Latest Solution for Euro Crisis: Not What the Markets Wanted

Teaching Wall Streeters to Think Small After the Big Fall

‘Threatening the Fed Chairman Is Not a Good Idea’: White House

In Texas Jobs Boom, Crediting a Leader, or Luck

Sony Slashes Prices on PlayStation3 Videogame Console

More Top Stories

Article source: http://www.cnbc.com/id/44162436?__source=RSS*blog*&par=RSS

How do I loathe home price day?

Let me count the ways.

The rash generalizations, the seasonal vs. non-seasonal adjustment confusion, the month-to-month vs. year-over-year, the contention among all the varied home price reports from the various and varied entities that track them.

I could go on, but if you are a regular Realty Check reader, you’ve heard all this before.

This month is particularly frustrating, because the big headline from SP/Case Shiller was that home prices rose for the first time in eight months. Okay, yes, from March to April, with no seasonal adjustments, home prices rose barely, less than one percent, in the nation’s top 20 housing markets. When you seasonally adjust those numbers, the prices fall. Why?

Because in different seasons, different types of buyers buy different types of homes.

The Spring market is historically replete with families; these are move-up buyers, purchasing larger, more expensive homes. That skews the overall prices higher. They buy in the Spring because they want to move over the summer, when school is out. You tend to see more single and first-time buyers in the fall.

This is why I judge prices year over year, because you are comparing apples to apples. Prices are down in 19 out of the top 20 markets year-over-year, with six markets hitting new lows on the SP/Case Shiller Home Price Index.

Page 1 of 3 | Next Page
Show Entire Article

Greek Parliament Starts Austerity Debate

Greek Growth Minister Confident That Vote Will Pass

Euro to Hit $1.45 if Greece Says ‘Yes’: Strategist

Is the Greek Crisis a Boon for Russia’s Gazprom?

IEA Move Sees Spread Bets Turn Sour for Oil Traders

More Top Stories

Article source: http://www.cnbc.com/id/43564196?__source=RSS*blog*&par=RSS

The sales pace of newly built homes is now at the lowest on record.

Sales dropped nearly 17 percent in February after a big drop in January. Put that on top of the nearly 10 percent February drop in existing home sales reported earlier this week and the incredibly low level of mortgage purchase applications, and you get a clear case for a double dip in housing.

Remember, this number from the Census is based on contracts signed in February, not closings, like the existing home sales number from the Realtors. That means it is a real indicator of how the Spring market is starting.

“Further, the plunge in new home prices [down 8.9% year over year] does not bode well for existing sales prices in February, which will close in March and April and be reported by NAR in April and May,” notes analyst Mark Hanson.

I really don’t have to tell you that, since the vast majority of you voting on the blog cast the double-dip vote yourselves. The question now is: How long will it last? As I noted yesterday, more than a hundred economist and housing types surveyed by MacroMarkets said there would not be real recovery in housing until 2013.

I want to talk pros and cons.

Page 1 of 4 | Next Page
Show Entire Article

Why Housing Is Going Through a Double Dip

Portugal Braces for Government Collapse Over Debt Vote

Oil Above $105 After US Supply Report

Stock Market Is Only Halfway Through Bull Run: Birinyi

Bernanke: Reforms Rein in Big Banks, Help Small Ones

More Top Stories

Article source: http://www.cnbc.com/id/42231348?__source=RSS*blog*&par=RSS

As expected, the fight over the fate of Fannie Mae and Freddie Mac is now heating up on Capitol Hill.

Later today House Republicans are expected to introduce a bill from GOP Conference Chairman Jeb Hensarling that would wind down the two government sponsored entities in five years.

Hensarling and other Republicans not that the Congressional Budget Office has estimated the GSE’s will cost taxpayers $389 billion over ten years.

They’ve already inhaled $150 billion in taxpayer dollars.

The bill, backed by House Financial Services Committee Chairman Spencer Bachus, is similar to bills introduced in 2008 and 210; the difference now of course is the new House Republican majority.

Aides familiar with the bill say it would put an end date to the GSE’s conservatorship two years from the date of enactment.

It would repeal the GSE’s affordable housing goals mandate, shrink their size by capping the maximum portfolio size at $700 billion and then gradually reduce to $250 billion over five years. It would also return the conforming loan limit to $417,000.

That last one is particularly important to think about as we struggle through this Spring market and try to call it a “recovery.” Credit is still one of the biggest barriers to recovery today, and the private market for jumbo loans is thin at best.

I want to share some insight from FBR’s Paul Miller:

Page 1 of 2 | Next Page
Show Entire Article

Saudi King’s Speech Friday Could Move Oil Markets

UN Security Council Approves No-Fly Zone Over Libya

Banks Await Test Scores; Investors Wait for Dividends

Japan’s Nuclear Crisis: How It Spun Out of Control

Global Tumult Sends Many Investors Back to Sidelines

More Top Stories

Article source: http://www.cnbc.com/id/42132670?__source=RSS*blog*&par=RSS