U.S. housing permits rise for the third month in May 2012. The Commerce Department said builders broke ground on 3.2% more single-family homes and April figures revised up to 744,000 - fastest building pace since October 2008. 780,000 permits were requested by builders the largest number since September 2008.

South Florida has seen an increase in foreign spending on real estate and tourism, Canada, South America, and even Europeans have been actively buying properties in areas of distressed residential real estate.

Austin Texas homes prices rise 6.5%, home prices appreciating at a higher rate than the national average and this includes distressed sales according to a report by CoreLogic.

Las Vegas is beginning to see a glimmer of renewed hope with a 90.4 percent increase in building permits and new-home builders have started increasing their home prices by $1000-$5000.

 Arizona ranked third for construction job growth in May. It’s happening all over the country signs of renewed hope that the housing market is truly on the mend.

California, 44% percent of all properties sold had multiple offers this year. Orange County California, personally are sales are up, multiple offers, homes selling over listing price, and Open Houses with a continues flow of potential buyers. Inventories are at the lowest level in years. Brea California today: 44 active listings, 92 with offers to purchase accepted by sellers (pending sales or taking backup offers), and 141 closed home sales since the first of the year with an average of 26 per month.

Steady builder confidence in June good article atThe Natioanl Association of Home Builders (NAHB) webiste

Opportunities knocking, will you be the one to take advantage of it this time?

If you are thinking about buying or selling a home, give us a call at (714) 726-3166 or send us an email to explore your options and to find out when is the best time for you to make a move. Texting ok