Pending Home Sales Drop
brokerforyou.com
Real estate market
The national Association of realtors released a report today that showed that pending home sales for July drop 1.3%.
Sorry, if I’m sounding repetitive here, but these bad reports for real estate, occurring as they are during our seasonally strongest marketing time, are very ominous. Read more 
Pending Home Sales Increase
home sales
The National Association of Realtors reported that its seasonally adjusted index for existing home sales rose 5.2 percent in July vs. June.
But, don’t start to jump up & down yet, because the index was still down 19 percent from the same month last year. June’s reading was the lowest on records dating to 2001. Read more
22% of California Homes For Sale Have Price Reductions
California home sales
Trulia.com, in a recent report, found that as of Jan. 1, 2010, 21 percent of homes currently on the market have experienced at least one price reduction. The total amount reduced for all homes nationwide declined to $21.2 billion in January compared with $24.7 billion in December. The average discount for homes with price reductions remained at 11 percent, according to the report. In the west, which includes California, 22 percent of listings experienced price reductions.