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 
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 Improving
California Home Sales Improving
The number of days that it takes to sell a home has been decreasing as the real estate market is improving. Of the four fastest selling cities in the country, three California cities made the list.
In the country the average days on the market until the home is sold was 95 days. In Oakland, California, the average number of days a house remained on the market in September, 2012 was just 21 days! This was followed by the cities of Stockton and lodi, where the average number of days on the market before a home sold was43 days. The city of San Francisco came in third in the average number of days on the market at 44 days. Read more
California Housing Market
California Housing Market
San Diego real estate broker, Bob Schwartz
The National Association of Homebuilders just released a report listing US housing markets showing measurable and sustained improvement from their respective market troughs in housing permits, employment and house prices for at least six consecutive months. This latest report includes 73 metro areas that held their position on the list from last month as well as 11 new metro areas.
It’s speculated that the modest improvement in this improving market index indicates that individual housing market are regaining their footing despite some recent reports of weakening in the broader economy. Read more
California Housing – Past – Present & Future
California Housing
Foreclosure rates are high, nearly a third of California homeowners are “underwater”, and rates of new construction are low. But Hans Johnson, Bren Fellow at the Public Policy Institute of California, says there are reasons for optimism about the future of California Housing.
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 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 FORECLOSURE ACTIVITY INCREASES 15 PERCENT IN JULY
California home foreclosures
Initial defaults (NOD) in California spiked 15 percent from the previous month, and the state registered the nation’s second highest state foreclosure rate for the third month in a row. One in every 123 California housing units received a foreclosure filing in July, nearly three times the national average. The July 2009 U.S. Foreclosure Market Repor™, was released today by RealtyTrac®, the leading online marketplace for foreclosure properties, The report shows foreclosure filings — default notices, scheduled auctions and bank repossessions.
Seven California metro areas documented foreclosure rates among the nation’s top 10 in July. Stockton posted the second highest metro foreclosure rate in the nation — one in every 62 housing units received a foreclosure filing — followed by Modesto at No. 3 (one in 63), Merced at No. 5 (one in 66), Riverside-San Bernardino-Ontario at No. 6 (one in 67), Bakersfield at No. 7 (one in 76), Vallejo-Fairfield at No. 8 (one in 83), and Sacramento-Arden-Arcade-Roseville at No. 10 (one in 105).
Other cities with top 10 metro foreclosure rates were Cape Coral-Fort Myers, Fla., at No. 4, with one in every 64 housing units receiving a foreclosure filing, and Phoenix-Mesa-Scottsdale, Ariz., at No. 9, with one in every 103 housing units receiving a foreclosure filing.
The top four state foreclosure activity totals in July were reported by California, with 108,104 properties receiving a foreclosure filing; Florida, with 56,486 properties receiving a foreclosure filing; Arizona, with 19,694 properties receiving a foreclosure filing; and Nevada, with 19,535 properties receiving a foreclosure filing. Together these four states accounted for nearly 57 percent of the nation’s total foreclosure activity.
San Diego California housing