California Home Sales
California Pending Home Sales
California Home Sales August 2014
Keep in mind, that pending home sales are forward-looking indicators of future home sales activity, and as such, provide a good basis for calling the future direction of the real estate market.
Here in California, pending home sales fell for the fifth straight month in the latest report for August. Read more
San Diego Real Estate Market 2014
San Diego real estate market 2014
Yesterday, the San Diego Association of realtors reported that although the median San Diego home sales price has stabilized above $500,000, single-family home resales for July decrease by 13% compared to sales in June. During the same period, sales of previously owned condominiums and townhomes fell about 2%.
Home Sales Hit 6 1/2 Year High
Home Sales
This morning the National Association of Realtors reported that sales of previously-occupied homes rose 1.7 percent last month, hitting a 6 1/2 year high! Keep in mind that these August home sales reflect contracts signed in June and July, when mortgage rates were almost a full percentage point less than today. Read more
California Home Sales Higher In February
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.
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 Home Sales Fall 14%
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 Home Prices
California home prices on the rebound? Will the trend remain in place now that the government tax credits are over?
San Diego homes for sale
California Million Dollar Home Sales Fall 68 Percent
The jumbo mortgage market is in poor shape and there just is no real financing out there. What jumbo mortgage financing there is, is expense and much more difficult to qualify for.
Over million dollar home sales in California:
2005 – 57,773
2006 – 50,010
2007 – 42,506
2008 – 24,436
2009 – 18,621
San Jose California real estate lawyer
California Homeowners Reasons For Selling Their Homes
According to a recently released California Association of Realtors report, 67 percent of all sellers in California did so as a result of difficulties related to meeting their mortgage obligation. Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in homeowners’ decisions to sell their homes in 2009. Read more
California New Home Sales at Historic Lows
The California Building Industry Association (CBIA) reported that new home sales in California remained at historic low levels in August, signaling that the state’s housing sector may be slow to recover from a stubborn recession.
“While there are some encouraging signs in California housing markets, activity remains low,” said CBIA President and CEO Liz Snow. “These reports are evidence that housing markets remain depressed and continue to hamper a broader economic recovery in California.” Read more