FANNIE MAE

:- says housing market to continue to improve despite lackluster economy . http://www.dsnews.com/articles/index/fannie-mae-housing-market-to-press-on-while-economy-lags-2012-12-18

NOVEMBER NORTH COUNTY REAL ESTATE STATISTICS

Sales of all North County real estate types were down 15% in November  over October but up 13% over November of last year. The first 11 months of the year are up 10% for the same time period in 2011. Properties in escrow are down 17% from last month and also down 17% from November  of 2011. Active listings on the market were down 8 % from October  and also down 27% from the same time last year.  Smaller inventories of properties for sale are having an effect.

Sometimes It Feels Good to Know You Were Wrong

 - a lot of us in the real estate business (myself included) were fearful that when the banks, via prodding from the feds, slowed up doing foreclosures that it would just produce a big backlog o

f them that would make things even worse. Thankfully, it appears at least for the present, that is not happening and in fact the opposite is happening.  Check out this San Francisco Chronicle article here