Share of equity home sales rises to highest level in more than six years...
LOS ANGELES - May 23, 2014 - (RealEstateRama) -- Recent home price gains have lifted more underwater homes into positive territory, pushing the share of equity home sales to their highest level since late 2007. At the same time, pending home sales were essentially unchanged in April, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
California median home price reaches highest level since December 2007; home sales register largest...
LOS ANGELES - May 23, 2014 - (RealEstateRama) -- Showing true signs of improvement, California’s housing market continued to perform better than expected in April with both the median home price and home sales increasing month to month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. However, decreased home affordability remains a challenge for buyers in many areas of the state
PITI, Minimum Annual Income Required to Purchase Median-Priced Home Rises More Than 50 percent...
LOS ANGELES - May 15, 2014 - (RealEstateRama) -- A combination of continued price increases and relatively higher interest rates during the first quarter of 2014 led to decreased housing affordability in all regions of the state, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
C.A.R. commends FHFA Director Mel Watt for loan limit plan
LOS ANGELES - May 15, 2014 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement that it will not lower loan limits eligible for purchase by Fannie Mae and Freddie Mac.
Hilltop home views outrank water-front views four to one, C.A.R. luxury client survey finds
LOS ANGELES - May 12, 2014 - (RealEstateRama) -- Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Luxury Real Estate Consumer Survey.”
California pending home sales jump in March; short sales drop to lowest level in...
LOS ANGELES - April 24, 2014 - (RealEstateRama) -- In an encouraging sign for a healthier spring home-buying market, California pending home sales increased more than usual and rose to the highest level in eight months. Meanwhile, the share of short sales has fallen to levels last observed in 2008, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
California home sales spring higher in March, but diminishing affordability sapping market
LOS ANGELES - April 18, 2014 - (RealEstateRama) -- California’s housing market ticked upward in March to reach the highest level in four months, but sales were still lower than a year ago as declining housing affordability continues to put downward pressure on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
California REALTOR® ad campaign spotlights ripple effect of real estate; Homeownership has powerful impact...
LOS ANGELES - April 8, 2014 - (RealEstateRama) -- “What starts with one California REALTOR® benefits all of California.” That’s the underlying sentiment of the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) integrated consumer ad campaign, launching today on NBC stations in Los Angeles, San Diego, San Francisco, and Sacramento, as well as radio, print, and online
U.S. ranks as top destination for international home buyers, C.A.R. survey finds
LOS ANGELES - April 4, 2014 - (RealEstateRama) -- Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the United States over other countries, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 International Clients Survey.”
Pending home sales dial up again in February; distressed housing market stabilizes
LOS ANGELES - March 26, 2014 - (RealEstateRama) -- Pending home sales posted stronger than average gains in February for the second straight month, thanks to seasonal factors, but remained below the level of a year ago, despite slight improvements in the statewide housing demand, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
California home sales lose momentum in February as housing supply continues to loosen
LOS ANGELES - March 18, 2014 - (RealEstateRama) -- California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
Distressed housing market shrinks dramatically since housing downturn of Great Recession
LOS ANGELES - March 12, 2014 - (RealEstateRama) -- Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
CHF|CIRB Releases January 2014 Housing Statistics
WASHINGTON, D.C. - March 11, 2014 - (RealEstateRama) -- January 2014 monthly permit totals quickly cooled after December’s hot streak. Though permits issued for single family and multi-family units decreased 51% from December 2013, current activity seems to be more comparable to January 2013, which revealed only a 9% decrease in permit activity.
Pending home sales reverse two-month decline; inventory loosens heading into spring homebuying season
LOS ANGELES - March 5, 2014 - (RealEstateRama) -- With the statewide housing inventory slowly improving, California pending home sales picked up steam in January and reversed a two-month decline, but pending sales were still down from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
Constrained housing inventory flattens January home sales
LOS ANGELES - February 19, 2014 - (RealEstateRama) -- A limited supply of available homes for sale continued to hamper California housing sales, which were essentially flat in January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
Housing affordability stabilizes in fourth quarter as home price increases slow
LOS ANGELES - February 13, 2014 - (RealEstateRama) -- As home price gains eased back toward the end of 2013, California’s housing affordability held steady in the fourth quarter of 2013, following six consecutive quarters of declines, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
C.A.R. Featured in Milken Institute’s New Report to Shape National Conversation on Housing Finance...
LOS ANGELES - January 29, 2014 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) announces the release of a new Milken Institute report on housing finance, which features insights from C.A.R. CEO Joel Singer as well as prominent voices from banking, state government, and academia. Titled, “Rebuilding Housing Finance: Thoughts from California on Federal Reform,” the report features insights from a roundtable discussion during the 2013 California Summit held at the Milken Institute’s headquarters in Santa Monica, Calif. C.A.R. not only participated in the Summit but also played an integral role by helping to shape the special session on housing finance
Pending home sales continued to decline in December, indicating a slow start for 2014...
LOS ANGELES, CA - January 24, 2014 - (RealEstateRama) -- A perfect storm of a shortage of available homes for sale, rising interest rates, and higher home prices kept prospective home buyers on the sidelines in December, pushing California pending home sales lower for the second straight month. Meanwhile, equity sales continue to make up more than four of every five home sales
Home sellers excited about the market again; have confidence to repurchase, C.A.R. survey finds
LOS ANGELES - January 16, 2013 - (RealEstateRama) -- Home sellers are more optimistic about repurchasing a home than in the past few years, thanks to strong growth in home prices, record-low interest rates, and better personal financial situations, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 California Home Sellers Survey.”
California pending home sales decline in November; share of equity sales grows, C.A.R. reports
LOS ANGELES - December 26, 2013 - (RealEstateRama) -- Seasonal factors, combined with shrinking housing affordability, cooled California pending home sales from both the previous month and year in November, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today