California Home Sales
California Home Sales
California home sales
California pending home sales
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today that pending home sales in California fell in November but were up from the previous year for the seventh consecutive month.
Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market. Read more 
California Housing Economic Output Off 80%
California housing market
California housing economic output is off 80% since 2005 according to a report by the California Homebuilding Foundation and the Center for Strategic Economic Research.
California Real Estate Market Bottom
San Diego California real estate
California experienced a 59 percent peak-to-trough decline in price, hitting bottom in 2009 versus a 29 percent peak-to-trough decline experienced by the national market. Some economists believe this steep decline indicates the state is further along in its return to a normal market than the national market.
Houston Texas real estate attorney
California Home Prices
California home prices on the rebound? Will the trend remain in place now that the government tax credits are over?
California real estate market
San Diego homes for sale
California Housing Markets Improving
brokerforyou Bob Schwartz
Improving California housing market indicators: Markets in California posted declines in the ratio of distressed sales to regular sales between March 2009 and December 2009. Marin County, for example, dropped from 33.1 percent to 24.5 percent over the nine-month period, while foreclosure-heavy Sacramento dropped from 70.5 to 65.2 percent.
San Jose California real estate attorney
California Housing … Is This A Bottom?
It’s estimated that 75% of mortgage applications are from refinanced loans. Realtytrac reports that banks have another 500,000 homes and are paying for servicing to keep them off the market, thus falsely inflating prices. Unemployment has risen from 8.5 to 11%, which also has an effect on housing delinquencies. Plus, Zillow estimates that nearly a quarter of the mortgages in the entire U.S. are underwater.
Another way to look at declining housing starts is the closer to zero new starts go, the sooner the unsold inventory will go, and then price stabilization should occur. At that point, we’re at restart.
A huge factor is the mortgage and commercial real estate loan sector of the economy which has just begun to heat up as it pertains to defaults. House mortgage defaults are not slated to peak until late 2010 – early 2011, with a corresponding drop in asset value. The commercial real estate sector crises is going to make the sub-prime defaults look like a cake walk! Lots more red ink is on the way.
I apologize but I’m not buying a housing recovery this year at all.
The other side of the coin is the fact that in March, in the hard hit Las Vegas real estate market, sales jumped from 1,954 to 3,626 units in a year. Real estate sales have also picked up in California cities like Sacramento and Stockton. This seems to be the first signs of a real estate housing bottom. Little Italy San Diego real estate