Daly City, CA 94014

  • $999/month
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JCS Investment & Realty, Inc provides home sellers and buyers with an innovative real estate solution. By using the efficiencies of the Internet, we have streamlined the real estate process and are able to pass significant savings on to our clients. Our licensed Agents have years of experience in the areas they serve, allowing you to save thousands, without compromising on service. It is our goal at JCS Investment & Realty, Inc to continue to gain our clients’ trust and their referrals.

Investors are Taking a Larger Share of the Existng-Home Sales Pie

March 2016

A normalizing of the housing market in the last few years has meant a huge decline in distressed inventory available for sale—which has contributed to the low levels of existing homes for sale in recent months. Despite the lack of inventory, investors are becoming more involved in the market, according to data released by the National Association of Realtors (NAR [1]) on Monday The short supply of existing homes combined with price appreciation and slow wage growth has resulted in an over-the-month decline of 7.1 percent for the seasonally adjusted annual rate of existing-home sales in February, from 5.47 million down to 5.08 million, according to NAR’s February 2016 Existing-Home Sales Report [2]. Over the year in February, existing-home sales were up by only 2.2 percent. "The overall demand for buying is still solid entering the busy spring season, but home prices and rents outpacing wages and anxiety about the health of the economy are holding back a segment of would-be buyers,” NAR Chief Economist Lawrence Yun said. Investor activity in the existing-home sales market has been on the rise as of late. The share of investor-purchased homes rose from 17 percent in January to 18 percent in February, which was the highest investor share since April 2014. Approximately 64 of those investors paid cash for the homes they purchased in February........... “Now that there are fewer distressed homes available, it appears there's been a shift towards investors purchasing lower-priced homes and turning them into rentals.” ................... Lawrence Yun, NAR Chief Economist ©3/21/2016 in Daily Dose,Featured, Market Studies, News

 

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  • Daly City, CA
  • Gellert Ave
  • Bedrooms: 5 • Bathrooms: 2
  • $525,000
 
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JCS Investment & Realty
6644 Mission st, Suite 1
Daily City
CA  94014
(650) 994-6500

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