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California housing inventories shrink

By Inman News, Monday, July 27, 2009.

The supply of existing single-family homes for sale in California dropped to 4.1 months in June as sales grew 20.1 percent from a year ago to a seasonally-adjusted annual rate of 514,110, the California Association of Realtors said.

A six-month supply of homes for sale is considered a healthy balance between buyers and sellers, with anything less considered a seller's market. At the same time a year ago, CAR's unsold inventory index stood at 7.6 months.  more...

Inventories of new homes shrinking

By Inman News, Monday, July 27, 2009.

Sales of newly-constructed single-family homes rebounded 11 percent from May to June, to a seasonally adjusted annual rate of 384,000, the U.S. Census Bureau reported.

That's the fastest pace of new home sales since November, 2008, but represents a 21.3 percent decline from a year ago. At that rate, it would take 8.8 months for the 281,000 new homes on the market at the end of June to be sold, when six months of inventory is considered a more healthy balance between supply and demand.  more...

Sowing the seeds of SEO

By Inman News, Monday, July 27, 2009.
John Erickson

A practitioner in the science of search, John Erickson will share his expertise on real estate search-engine optimization during the Real Estate Connect conference in San Francisco, which runs from Aug. 5-7, 2009.

Erickson is vice president of search-engine optimization at LeadQual LLC, a company that seeks to assist real estate professionals in generating, qualifying and converting online leads.  more...