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Southland December Home Sales at Six-Year Low; Median Price Jumps
La Jolla, CA - January 14, 2013 - (RealEstateRama) -- Southern California home sales fell to a six-year low for the month of December as investor activity eased again and buyers struggled with a tight inventory of homes for sale. The median price paid for a home jumped to the highest level in nearly six years, the result of demand outstripping supply, declining distress sales and a slight increase in the share of sales in mid- to high-end areas, a real estate information service reported
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
California November Home Sales
WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- An estimated 33,429 new and resale houses and condos sold statewide last month. That was down 8.3 percent from 36,468 in October, and down 10.8 percent from 37,481 sales in November 2012, according to San Diego-based DataQuick.
Diminishing housing affordability continues to slow down home sales in November
LOS ANGELES - December 16, 2013 - (RealEstateRama) -- A run-up in home prices, coupled with higher interest rates, put downward pressure on housing affordability and led to the fourth straight month of sales declines in November, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
Southland Home Sales Drop; Median Sale Price Edges Sideways – Again
WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- Southern California’s housing market downshifted last month, with sales falling well below a year earlier as investor activity waned again and buyers continued to struggle with higher prices and a thin supply of homes for sale. The median sale price held nearly steady for the sixth consecutive month, though it was still almost 20 percent higher than a year ago, a real estate information service reported.
California pending home sales higher in October; distressed sales levels remain low
LOS ANGELES, CA - November 26, 2013 - (RealEstateRama) -- California pending home sales reversed a two-month decline to post higher in October, but were down from a year earlier, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
The American Dream is still alive for young renters, C.A.R. survey finds
LOS ANGELES, CA - November 22, 2013 - (RealEstateRama) -- Despite the financial toll the recent financial crisis has had on Americans, renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Renter Survey.”
Government shutdown hampers October home sales
LOS ANGELES, CA - November 19, 2013 - (RealEstateRama) -- California home sales declined for the third straight month in October as economic uncertainty surrounding last month’s government shutdown and a typical seasonal slowdown dragged down the state’s home sales, although sales of condominiums and townhomes continued to be strong, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported
Equity home sales post higher in September; seasonal factors slow California pending sales
LOS ANGELES - October 23, 2013 - (RealEstateRama) -- The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years. Meanwhile, the share of short sales fell into the single digits and dropped to levels not seen since January 2009, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today
Higher interest rates, economic uncertainty cool California home sales and prices in September
LOS ANGELES - October 18, 2013 - (RealEstateRama) -- California home sales declined for the second straight month in September, following rising interest rates and economic uncertainty, which put the demand for housing on hold for buyers. Meanwhile, housing supply conditions continued to loosen up as the housing market entered its off season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
Bay Area Median Price Dips Month-to-Month Again; Still Way Up From Yr Ago
La Jolla, CA. - October 18, 2013 - (RealEstateRama) -- Bay Area home sales dropped more than usual in September compared with August but climbed slightly above the year-ago level thanks to more robust sales above $500,000 this year. For the second consecutive month the median sale price declined month-to-month, though it remained nearly 24 percent higher than a year earlier, a real estate information service reported.
California pending homes sales retreat in August amidst higher interest rates
LOS ANGELES, CA - September 24, 2013 - (RealEstateRama) -- Rising mortgage rates dampened pending home sales in August, while distressed home sales fell to levels not seen in nearly six years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
August single-family home sales ease back while condo and townhome market takes off
LOS ANGELES, CA - September 17, 2013 - (RealEstateRama) -- Following a strong performance in July, California’s housing market pulled back in August as mortgage rates continued to inch up, although sales of condominiums and townhomes remained robust, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
Bay Area August Home Sales Dip; Median Price Eases Back From July
La Jolla, CA. - September 16, 2013 - (RealEstateRama) -- Home sales in the Bay Area leveled off last month as prices underwent a modest and seasonal late-summer dip. While there are still imbalances in the sales mix and purchase patterns, indications are that the market continues to normalize incrementally, a real estate information service reported.
July Home Prices Rise For Seventh Consecutive Month Says California Desert Association of REALTORS®
PALM DESERT, CA - August 22, 2013 - (RealEstateRama) -- The median price of an existing home in the Coachella Valley rose $80,000 in July over July 2012 , the seventh consecutive home sales increase in this year, the California Desert Association of REALTORS® reported today
July home sales and price report
LOS ANGELES, CA - August 19, 2013 - (RealEstateRama) -- California’s housing market bounced back after a slight dip in June to reach the highest level since May 2012, as home prices continued to post strong annual gains and home sales recorded the first annual increase in six months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported
Bay Area Posts Highest July Home Sales in Eight Years
La Jolla, CA. - August 19, 2013 - (RealEstateRama) -- The number of homes sold in the Bay Area jumped last month to the highest level for a July since 2005 and the highest level for any month in almost seven years. Amid favorable market conditions, the burst of activity reflects pent-up demand meeting an increasing supply of homes for sale, a real estate information service reported.
California July Home Sales
WASHINGTON, D.C. - August 19, 2013 - (RealEstateRama) -- An estimated 48,118 new and resale houses and condos sold statewide last month. That was up 17.3 percent from 41,027 in June, and up 21.8 percent from 39,507 sales in July 2012, according to San Diego-based DataQuick.
C.A.R. releases Q2 Affordability report
LOS ANGELES, CA - August 13, 2013 - (RealEstateRama) -- Significantly higher home prices, particularly in the San Francisco Bay Area and coastal regions, shut out more home buyers in the state during the second quarter of 2013, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported
