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Here you can find articles & video with the latest news that's important to real estate investors, charts to make the information clear and papers from the best minds in the industry. Click on the headlines to open the full story.
March California Home Sale Press Release
Posted: April 24th, 2012
An estimated 37,481 new and resale houses and condos were sold statewide last month. That was up 26.5 percent from 29,630 in February, and up 2.9 percent from 36,417 for March 2011.
The median price paid for a home last month was $251,000, up 5.0 percent from $239,000 in February, and up 0.8 percent from $249,000 for March a year ago.
Southland Home Sales Up; Median Price Almost Back to Year-Ago Level
Posted: April 20th, 2012
La Jolla, CA—Southern California home sales shot up last month from February amid the usual surge in early-spring shopping, but the gain over a year earlier was modest. Sales of $500,000-plus homes, though a bit lower than last year, jumped 36 percent from February, helping to lift the region’s overall median sale price to a six-month high – and to about where it was in March 2011, a real estate information service reported.
December California & So Cal Home Sales Report
Posted: January 23rd, 2012
An estimated 37,734 new and resale houses and condos were sold statewide last month. That was up 15.5 percent from 32,669 in November, and up 4.2 percent from 36,215 for December 2010. California sales for the month of December have varied from a low of 25,585 in 2007 to a high of 66,503 in 2003, while the average is 44,063. DataQuick’s statistics go back to 1988.
California Foreclosure Activity Back Up
Posted: October 21st, 2011
PRESS RELEASE, DATA QUICK
After dropping to a three-year low in the second quarter of this year, the number of California homeowners being pulled into the foreclosure process snapped back to prior levels over the last three months, a real estate information service reported.
A total of 71,275 Notices of Default (NoDs) were recorded at county recorders offices during the third quarter. That was up 25.9 percent from 56,633 for the prior three months, and down 14.4 percent from 83,261 in third-quarter 2010, according to San Diego-based DataQuick.
Southland Home Sales Up – Barely – from Year Ago, Median Price Dips Again
Posted: October 17th, 2011
PRESS RELEASE, DATAQUICK
Southland Home Sales Up – Barely – from Year Ago, Median Price Dips Again
Southland home sale report
Posted: September 19th, 2011
PRESS RELEASE, DATAQUICK
Southland August Home Sales Climb, Median Price Falls Again
Southland Housing Market’s Vital Signs Remain Weak
Posted: August 18th, 2011
Southern California home sales fell last month to the lowest level for a July in four years, though the decline from a year earlier was the smallest in 13 months. The drop in sales from June was more pronounced, especially for $500,000-plus homes, as the job market sputtered, economic uncertainty intensified and some potential homebuyers got cold feet, a real estate information service reported.
California July Home Sales
Posted: August 18th, 2011
PRESS RELEASE, DATAQUICK
An estimated 34,695 new and resale houses and condos were sold statewide last month. That was down 11.0 percent from 38,975 in June, and down 1.4 percent from 35,202 for July 2010. A decline from June to July is normal for the season. California sales for the month of July have varied from a low of 30,596 in 1995 to a high of 71,186 in 2004, while the average is 46,577. DataQuick’s statistics go back to 1988.
Southland Home Sales Quicken, Median Price Highest This Year
Posted: July 13th, 2011
PRESS RELEASE, MDA DATAQUICK
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.
May Southern California Home Sales Report
Posted: June 26th, 2011
ARTICLE, MDA DATAQUICK
Southern California home sales held at a three-year low last month amid a sluggish move-up market and record-low sales of newly built homes. The median sale price fell year-over-year by the largest amount in 20 months as buyer uncertainty, tight credit and lackluster hiring continued to restrain housing demand, Dataquick reported.
California May Home Sales Report
Posted: June 26th, 2011
ARTICLE, MDA DATAQUICK
An estimated 35,536 new and resale houses and condos were sold statewide last month. That was up 0.9 percent from 35,202 sales in April, and down 13.3 percent from 40,965 sales in May 2010. California sales for the month of May have varied from a low of 32,223 in 1995 to a high of 67,958 in 2004, while the average is 46,840.
March Home Sales Phoenix & Las Vegas
Posted: May 10th, 2011
California Mortgage Defaults Drop Again; Foreclosures up
Posted: April 26th, 2011
ARTICLE, MDA DATAQUICK
The number of financially distressed California homeowners who were dragged into the formal foreclosure process declined again last quarter, the result of turmoil and policy changes within the mortgage industry as well as shifts in the economy, a real estate information service reported.
Record Portion of California Homes Bought With Cash
Posted: March 17th, 2011
ARTICLE, MDA DATAQUICK
The share of Golden State homes purchased with cash rose to a record level last month as investors and others took advantage of lower prices and less competition during the market’s winter doldrums, a real estate information services reported.
Phoenix Region December Home Sales
Posted: February 11th, 2011
ARTICLE, MDA DATAQUICK
Phoenix-area December home sales rose more than usual from November and posted only a slight year-over-year sales decline as the market saw gains in investor activity, foreclosure resales and sub-$100,000 transactions. The median sale price fell on a year-over-year basis for the sixth consecutive month, to the lowest level in just over 12 years, a real estate information service reported.
California December Home Sales Report
Posted: January 31st, 2011
ARTICLE, MDA DATAQUICK
An estimated 36,215 new and resale houses and condos were sold statewide last month. That was up 15.3 percent from 31,403 in November, and down 13.4 percent from 41,837 for December 2009. California sales for the month of December have varied from a low of 25,585 in 2007 to a high of 66,503 in 2003, while the average is 44,338. DataQuick’s statistics go back to 1988.
The median price paid for a home last month was $254,000, down 0.4 percent from $255,000 in November, and down 3.8 percent from $264,000 for December a year ago. The year-over-year decrease was the third in a row after eleven months of increases. The bottom of the current cycle was $221,000 in April 2009, while the peak was at $484,000 in early 2007.
Southland Home Sales Dip; Prices Change Little
Posted: December 15th, 2010
La Jolla, CA—Southern California home sales fell in November to the second-lowest level for that month in 18 years, reflecting the weak economic recovery, a dormant new-home market and tight credit conditions. The median price paid for a home rose above a year earlier for the 12th consecutive month, though November’s gain was the tiniest yet, a real estate information service reported.
Luxury home prices are still heading down
Posted: December 14th, 2010
While Southland housing values overall have rebounded from recent lows, those in the upper end of the market may not yet have hit bottom. Some experts don’t see a turnaround for at least another year.
Southland Home Sales Fall, Prices Flat
Posted: November 19th, 2010
ARTICLE, MDA DATAQUICK, 11.18.2010
La Jolla, CA—Southern California home sales dropped in October to their lowest level in three years amid doubts about the drawn-out market recovery, tight mortgage lending policies and expired government incentives. The median price paid for a home rose on a year-over-year basis for the 11th consecutive month, but at this year’s slowest pace, a real estate information service reported.
Bay Area Home Sales Drop to 1992 Level; Median Price Slips Again
Posted: September 24th, 2010
ARTICLE, MDA DATAQUICK, 09.16.2010
Bay Area home sales fell less sharply last month than in July but still dropped to an 18-year low as potential buyers fretted about job security or took their time to assess the changing market. The median sale price remained higher than a year earlier but dipped month-to-month again, a real estate information service reported.
Southern California Home Sales Fall in August; Median Price Dips
Posted: September 15th, 2010
ARTICLE, DATAQUICK, 10.15.2010
Southland home sales fell last month to the lowest level for an August in three years and the second-lowest in 18, the result of a worrisome job market and a lost sense of urgency among home shoppers. The median price paid remained higher than a year ago but continued to erode on a month-to-month basis
Southern California Home Sales and Median Price Dip in July
Posted: August 18th, 2010
ARTICLE, MDA DATAQUICK, 08.18.2010
Southland home sales saw their biggest year-over-year drop in more than two years last month as the market lost most of the boost from the federal home buyer tax credits. The median sale price dipped for the second month in a row, the result of a shaky economic recovery, continued uncertainty about jobs, and the expiring tax breaks, a real estate information service reported.
Sacramento-area home sales hit 20-month high in June
Posted: July 20th, 2010
ARTICLE, SACRAMENTO BEE, 07.20.2010
“It really seems like California housing is parting ways with the national view. We’ve seen a much stronger recovery off the bottom,”
Los Angeles House Flipping Hot Spots
Posted: April 26th, 2010
ARTICLE, LA TIMES, 4.25.2010
Map of zip codes with the most flipping activity
More Incremental Gains for Southland Real Estate Market
Posted: April 19th, 2010
ARTICLE, DATAQUICK, 4.13.2010
Home sales and prices continued their steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage interest rates.
California Statewide March Home Sales
Posted: April 19th, 2010
ARTICLE, DATAQUICK 04.15.2010
Indicators of market distress continue to move in different directions. Foreclosure activity is off its peaks reached in the past two years but remains high by historical standards.
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