The Bonita Real Estate market reported 20 Bonita homes sold at a median price of $670,000 for the month!
The Valley Center Real Estate market reported 17 Valley Center homes sold at a median price of $650,000 for the month!
The Rancho Penasquitos Real Estate Real Estate market reported 42 Rancho Penasquitos Homes sold at a median price of $642,500 for the month!
The Bonsall Real Estate update reported 4 Bonsall homes sold at a median price of $692,000 for the month!
The Alpine Real Estate market reported 14 homes sold at a median price of $682,500 and a 22.2% increase for the month!
The Solana Beach Real Estate market reported 11 Solana Beach homes sold at a median price of $940,000 for the month!
The Poway Real Estate market reported 33 Poway homes sold at a median price of $680,000 for the month!
The Ramona Real Estate market reported 33 Ramona homes sold at a median price of $566,500 for the month!
Compliments of American Home Mortgage Investment Corp.
After falling or remaining flat from September to November, consumer prices climbed 0.5% in December, as gasoline prices staged a momentary rebound, the Labor Department reported January 18. For 2006 as a whole, consumer prices rose by 2.5%, the lowest increase in three years.
Wholesale prices, the cost of goods before they reach the consumer, increased 0.9% in December, down sharply from a 2% jump in November, the Labor Department said January 17. Total 2006 wholesale prices were up just 1.1%, a dramatic improvement over the 5.4% surge in 2005.
The preliminary reading on U.S. consumer sentiment by the Reuters/University of Michigan Surveys of Consumers rose to 98.0 in January from 91.7 at the end of December. The reading — the best in three years — was propelled by falling gasoline prices and a favorable view of personal finances and the economy.
The number of Americans filing new claims for jobless benefits dropped by a surprisingly large 8,000 last week to 290,000, the lowest level in 11 months, the Labor Department reported January 18. Analysts had expected new claims to reach 315,000.
Meanwhile, rates on 30-year mortgages hit a nine-week high, as financial markets reacted to these and other positive economic reports, lowering chances that the Federal Reserve will move any time soon to cut interest rates.
This week look for updates on existing home sales on January 25 and new home sales on January 26.
The Jamul Real Estate market reported 9 Jamul Homes sold at a median price of $895,000 and a 87.4% increase for the month!