Archives

SACRAMENTO, CA - October 25, 2011 - (RealEstateRama) -- Driven again by a substantial increase in the multifamily sector, California housing starts rose 10 percent in September when compared to the same month a year ago, the California Building Industry Association announced today.

LOS ANGELES, CA - October 18, 2011 - (RealEstateRama) -- Heightened economic uncertainty contributed to a decrease in California home sales in September, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). However, September home sales posted higher on a year-to-year basis for the third consecutive month and remain at stable levels.

LOS ANGELES, CA - September 27, 2011 - (RealEstateRama) -- California pending home sales climbed in August from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The year-to-year increase was the highest level since July 2009.

LOS ANGELES, CA - September 16, 2011 - (RealEstateRama) -- California home sales posted an increase from both the previous month and previous year in August, while the median home price rose to its highest level this year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

SACRAMENTO, CA - August 29, 2011 - (RealEstateRama) -- California housing production fell sharply in July and posted the lowest monthly permit total since January of 2009, the California Building Industry Association announced today.

SACRAMENTO, CA - August 19, 2011 - (RealEstateRama) -- Housing affordability in California decreased in the second quarter of 2011 as 16 of the state’s 28 metropolitan areas included in the report showed declines, the California Building Industry Association announced today.

LOS ANGELES, CA - August 15, 2011 - (RealEstateRama) -- California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - August 11, 2011 - (RealEstateRama) -- Housing affordability fell throughout most areas of the state in the second quarter of 2011, primarily due to a seasonal increase in home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - July 21, 2011 - (RealEstateRama) -- California pending home sales rose for the second consecutive month in June, while the share of distressed property sales was unchanged, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

La Jolla, CA. - July 19, 2011 - (RealEstateRama) -- The number of California homes that went into foreclosure fell to a four-year low last quarter, the result of a more stable housing market as well as policy changes in the mortgage servicing industry, a real estate information service reported.

LOS ANGELES, CA - July 15, 2011 - (RealEstateRama) -- California home sales edged up in June, and the median price rose to its highest level since December 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

La Jolla, CA. - July 15, 2011 - (RealEstateRama) -- Bay Area home sales rose sharply last month from May to the highest level for any month since June 2010, when outgoing homebuyer tax credits gave housing demand a final boost. The median price rose slightly from May but remained below the year-ago level for the ninth consecutive month amid a sluggish move-up market and a higher share of sub-$300,000 transactions, a real estate information service reported.

Washington, D.C. - July 13, 2011 - (RealEstateRama) -- Today, U.S. Senator Barbara Boxer (D-CA) held a press conference call to discuss her bill, the Helping Responsible Homeowners Act of 2011, which would remove barriers that have prevented millions of homeowners with non-delinquent, Fannie Mae or Freddie Mac-backed mortgages from refinancing at historically low interest rates. She also urged the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to use its existing authority to eliminate these obstacles to refinancing.

La Jolla, CA - July 12, 2011 - (RealEstateRama) -- Southern California home sales last month shot up more than usual from May to the highest level for any month since June 2010, when the market got its last big boost from homebuyer tax credits. Sales of lower-cost homes, driven by investors and first-time buyers, and even high-end sales continued to outshine traditional move-up activity in middle price ranges, a real estate information service reported.

Las Vegas, CA - June 30, 2011 - (RealEstateRama) -- Las Vegas region home sales held at a five-year high last month, rising modestly from both April and a year earlier as sales of distressed properties continued to account for nearly 70 percent of the resale market. Price measures moved little month-to-month but the declines from a year earlier steepened amid higher levels this year of foreclosure resales and sub-$100,000 transactions, a real estate information service reported.

LOS ANGELES, CA - June 24, 2011 - (RealEstateRama) -- More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to analysis by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

LOS ANGELES, CA - June 21, 2011 - (RealEstateRama) -- California pending home sales rose in May, posting the first year-over-year increase in 18 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

LOS ANGELES, CA - June 16, 2011 - (RealEstateRama) -- A weak economy and tightened financing conditions contributed to a slowdown in California home sales and median price during May, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

La Jolla, CA. - June 15, 2011 - (RealEstateRama) -- The Bay Area housing market in May posted modest month-to-month gains in sales and median prices, but those same measures fell sharply from year-ago levels, which had been pumped up artificially by homebuyer tax credits. Move-up buying and new-home sales were especially weak last month, while the share of sales involving distressed properties, cash buyers and investors remained far above normal, a real estate information service reported.

SACRAMENTO, CA - May 26, 2011 - (RealEstateRama) -- Total housing starts in California, as measured by the number of building permits issued, rose 2 percent in April, the California Building Industry Association announced today.