California Home Sales Higher In February
California Home Sales
California home sales
According to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide, February’s home sales were up 2.1 percent from January’s revised pace of 517,120 and up 5.5 percent from the revised 500,480 sales pace recorded in February 2011. The statewide sales figure represents what would be the total number of homes sold during 2012 if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
Governor Vetos Home Mortgage Bill
California home mortgages
Last week, Governor Schwarzenegger vetoed SB 1178 (Corbett), a California Association of Realtors sponsored bill that would have expanded anti-deficiency protections. In his veto message, the Governor made clear his view that the bill interferes with an existing contract. Read more 
California Home Sales Fall 14%
California home sales
San Diego-based MDA DataQuick said in a report released today showed home sales in Southern California fell nearly 14% last month from August 2009 to reach their lowest level for the month of August since 2007.
Also this same report said the median home price in Southern California rose about 5% last month from August 2009. August’s median of $288,000 was up from the year-ago figure of $275,000 but down about 2% from $295,000 in July.
Foreclosures accounted for approximately 35% of August’s sales.
San Diego Little Italy condominiums
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