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California housing market bounces back in February after slow start to year
Slowing home price appreciation and improving inventory combined to boost California’s housing market in February as existing home sales and median home prices increased from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
CIRB Reveals 2014 Solar Permit Statistics
For the past year, CIRB has been tracking month-by-month photovoltaic (PV) installations and valuations across the state of California. 2014 numbers show the volume of solar permit issuance and city-level calculations of residential and commercial installations
California home sales and prices start year lower
California’s housing market started the new year still bearing the scars of 2014’s tight housing inventory and low housing affordability as statewide home sales fell from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
International home-buying activity remains strong in California, C.A.R. survey finds
Despite a slowing in the California housing market and appreciation of the U.S. dollar in 2014, international home-buying activity continued its momentum, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 International Home Buyers Survey.” The survey showed that one of six (14 percent) participating REALTORS® closed a transaction with an international client, unchanged from the previous year.
California housing affordability inches up from third quarter, slips from year ago
LOS ANGELES - February 13, 2015 - (RealEstateRama) -- California housing affordability improved from third-quarter 2014 but dipped when compared to a year ago, as lower interest rates failed to offset higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
C.A.R. applauds FHFA for keeping Fannie Mae and Freddie Mac conforming loan limits unchanged
LOS ANGELES - November 25, 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 to keep the 2015 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties in most areas and a cap of $625,500 in high-cost areas. Loan limits were increased in Monterey, Napa, San Diego, and Ventura counties:
Low mortgage rates fail to perk California home sales in October
LOS ANGELES - November 19, 2014 - (RealEstateRama) -- The lowest mortgage rates in 18 months failed to spark the California housing market in October as sales stayed flat and home prices increased at the slowest pace since early 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Pending home sales reverse five-month decline to tick higher in September
LOS ANGELES - October 30, 2014 - (RealEstateRama) -- California pending home sales rose higher in September to post the first increase in six months, reversing the sales drop usually observed between August and September. Meanwhile, equity home sales made up nine in 10 home sales for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
California home sales maintain pace in September as price gains temper and market balances
LOS ANGELES - October 23, 2014 - (RealEstateRama) -- California home sales remained steady in September, as home price gains eased back from an unusually high increase in August, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Low interest rates fail to spark August home sales; home prices continue to increase...
LOS ANGELES - September 18, 2014 - (RealEstateRama) -- California home sales pulled back in August, reversing two months of increases, as the median home price rose from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
CHF|CIRB Releases July 2014 Housing Statistics
WASHINGTON, D.C. - September 5, 2014 - (RealEstateRama) -- California’s private building activity is measured by building permits issued and building permit valuation totals
July pending home sales lose steam; share of equity sales expands further
LOS ANGELES - August 29, 2014 - (RealEstateRama) -- Despite ultra-low interest rates, California’s real estate market continued to underperform in July, with pending home sales posting lower for the fourth straight month. At the same time, equity home sales improved further, as both short sales and REO sales continued to decline, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Second quarter housing affordability declines statewide and in 19 of 26 California counties
LOS ANGELES - August 19, 2014 - (RealEstateRama) -- Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
More home buyers turning to social media in home-buying process, REALTOR® survey finds
LOS ANGELES - June 30, 2014 - (RealEstateRama) -- Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 Survey of California Home Buyers.”
Equity home sales near 90 percent of all home sales, while pending home sales...
LOS ANGELES - June 24, 2014 - (RealEstateRama) -- Higher home values continued to fuel more equity home sales, which have made up more than 80 percent of all home sales for the past 11 consecutive months. Meanwhile, pending home sales fell in May as investors pulled out of the market due to higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
California home sales and price gains temper in May as buyers confront housing affordability...
LOS ANGELES - June 17, 2014 - (RealEstateRama) -- California home sales eased slightly in May as a shortage of homes and housing affordability concerns held back would-be home buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Meanwhile, the median home price posted higher from both the previous month and year for the third consecutive month and remained at its highest level since December 2007
CHF|CIRB Releases April 2014 Housing Statistics
WASHINGTON, D.C. - June 12, 2014 - (RealEstateRama) -- Statistics for April 2014 have exceeded total housing units from the previous month by 36%. Single-family units produced a 5% increase in month-over-month activity, while increasing annually by 2% from April of 2013. Statewide multi-family housing units increased by 58% since March 2014 and by 43% since last April
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.