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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 Foreclosure Starts Hover Near 8-Year Low
La Jolla, CA. - April 23, 2014 - (RealEstateRama) -- For the third consecutive quarter California foreclosure starts remained little changed at a level last seen in early 2006, the result of steady economic growth and higher home values. Foreclosure processors are still mostly plowing through a pool of toxic subprime mortgages originated back in mid-to-late 2006, a real estate information service reported.
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 March Home Sales
WASHINGTON, D.C. - April 17, 2014 - (RealEstateRama) -- An estimated 32,923 new and resale houses and condos sold statewide in March. That was up 28.2 percent from 25,680 in February, and down 12.8 percent from 37,764 sales in March 2013, according to San Diego-based DataQuick.
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.”
CHF|CIRB Releases February 2014 Housing Statistics
WASHINGTON, D.C. - April 1, 2014 - (RealEstateRama) -- February 2014 housing units have surpassed the January numbers by 14%, though year-over-year total units revealed a 25% decrease since February 2013. Single-family units show a minor decrease in activity, but multi-family housing units experienced significant increases in month-over-month statistics.
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
Southern California February Home Sales Lowest Since 2008
La Jolla, CA - March 12, 2014 - (RealEstateRama) -- Southland home sales dropped to the lowest level for a February in six years as many would-be buyers struggled with inventory constraints, credit hurdles and reduced affordability. The median price paid for a home edged up slightly from January and remained nearly 20 percent higher than a year earlier, a real estate information service 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.
Mayor Lee Announces Acceleration of Housing Production & Protection of Existing Housing Stock
WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- Mayor Edwin M. Lee today announced that he will implement recommendations resulting from a Mayoral Executive Directive to accelerate housing production and preserve existing housing stock. The Working Group recommends prioritizing new 100 percent affordable housing, moderate-income units and market rate housing that offers on-site affordable units
Lee & Associates Oakland Releases Fourth Quarter Industrial Market Report
OAKLAND, Calif. - January 27, 2014 - (RealEstateRama) -- The Oakland office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, has released its fourth quarter 2013 Industrial Market Summary for the Interstate 880 corridor.
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
California Foreclosure Starts Dip to Eight-Year Low
La Jolla, CA. - January 21, 2014 - (RealEstateRama) -- The number of California homeowners pulled into the formal foreclosure process dropped to an eight-year low last quarter, the result of an improving economy, foreclosure prevention efforts and higher home prices, a real estate information service reported.
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.”
Bay Area Home Sales Drop to Six-Year Low; Prices Still Up Sharply Yr/Yr
La Jolla, CA. - January 16, 2013 - (RealEstateRama) -- Last month’s Bay Area home sales were the slowest for a December in six years, the result of a constrained supply of homes for sale. Prices continued to rise on a year-over-year basis, although at a slower pace than earlier in 2013, a real estate information service reported.
Lee & Associates Riverside Releases Fourth Quarter Industrial Market Summary
Torrance, CA - January 14, 2013 - (RealEstateRama) -- The Riverside office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, has released its fourth quarter 2013 Industrial Market Summary for manufacturing/distribution buildings for the East Valley Market in Southern California’s Inland Empire
