San Gabriel Valley Home Sales – Market Predictions For 2015

San Gabriel Valley Home Sales – Zillow’s chief economist predicts home price gains will cool off in 2015. …

San Gabriel Valley Home Sales:
Market Predictions For 2015

San Gabriel Valley Home Sales | Brion Costa

Zillow’s Chief Economist Sees A Calmer, More Solid Market In The Coming Year

As we come to the end of 2014 people are wondering just what to expect from the coming year. Will 2015 see a re-birth of the crazy and volitile market action of 2013? Or will we see a continued calming of the waters? 2014 has seen a slowing of the insane action of 2013, and that type of “market solidifying action” is generally what we’re expecting in 2015.

For instance, the figures for Median Prices in California show an incredible 27.5% increase in 2013. This year that slowed to a more reasonable, but still very large 11.8%. The California Association of Realtors is predicting that 2015 will see a still positive, but much more normal rate of increase at 5.2%.

Stan Humphries is the chief economist with Zillow. Here’s an article by Tim Logan in the L. A. Times that discusses his predictions for the coming year:

Housing Expert: Smoother Days Ahead In 2015 | L.A. Times

L.A. Times      Dec. 2, 2014 6 AM

“In his predictions for 2015, Zillow chief economist Stan Humphries said he expects home values to rise 2.5% next year — positive territory but well below the 6% clip seen over the last 12 months. That slower pace, coupled with home builders shifting to construct more houses at lower price points than they have been, should help pull more first-time buyers into the market.” …

Read More Here:

A More Reliable And Stable San Gabriel Valley Home Sales Market Seen For 2015

Yes, the real estate market is slowing down. And, yes, this is actually good news. As counter-intuitive as that might seem, rapidly moving and volitile markets provide opportunities for speculators, but actual buyers and sellers are better served by reliable, solid markets built on solid foundations. That type of “foundation building” is what we’ve been seeing the market do recently, and the more “normal” type of market action is what we can now expect for the coming year. The reverberations of the giant crash of a few years ago seem to be shaking themselves out, leaving calmer waters to navigate in the immediate future. This is good news for both buyers and sellers.

From Brion Costa, as well as the rest of us here, we wish you and yours a joyous Holiday Season and a Happy New Year!

San Gabriel Valley Recreation – There's Lots Going On Through December!

San Gabriel Valley Recreation – Here’s a handy schedule of Holiday Season oriented activities in the San Gabriel Valley that you and your family can attend …

San Gabriel Valley Recreation:
There’s Lots Going On Though December!

San Gabriel Valley Recreation | Brion Costa

There’s Something for Everyone … From Santa Visits To Santa Anita!

The San Gabriel Valley is hopping! It’s the Holiday Season, and even though December is a bit over 1/2 past, there are just a ton of things to do for everyone in the family!

From Breakfast with Santa at Descanso Gardens … which happens tomorrow morning (Dec 20th) … to Opening Day at Santa Anita on Dec. 26th, there is a huge array of fun activities for the entire family to enjoy in our lively Southern California area!

Here’s a really great list of some of the area’s best upcoming events compiled by Discover San Gabriel Valley:

Upcoming Events – Dec 2014 | DiscoverSGV      Aug 13, 2013

Rose Parade Float Decorating – Experience the magic of the floats before they make their debut in the 2015 Rose Parade. During the final stages of preparation a variety of seeds, bark, fruits and vegetables, grasses and of course, flowers are being applied to the floats by experienced professionals as well as hard working volunteers.” …

Read More Here:

Enjoy Our Beautiful San Gabriel Valley Area With Your Family … & Happy Holidays!

That list should provide you with some great ideas for Holiday recreational activities here in the San Gabriel Valley.

From Brion Costa, as well as the rest of us here, we wish you and yours a joyous Holiday Season and a Happy New Year!