It has been seven straight months that pending home sales have increased in California. Home sales expected to remain strong in upcoming quarter. In a separate report, California REALTORS® responding to C.A.R.’s June Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with May. The Market Pulse Survey is …
California home sales cool in August as price gains temper,
California home sales cool in August as price gains temper…. – Existing, single-family home sales totaled 431,800 in August on a seasonally adjusted annualized rate, down 3.8 percent from July but up 9.3 percent from August 2014. – Statewide sales were above the 400,000 mark for the fifth straight month. – August statewide median home price was $493,420, …
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3 Practical Points for Efficient Property Management
Time is precious like gold, as most would say, but not really exactly true; for a wise man once said that an inch of gold one’s lost may be replaced, but an inch of time once lost is irreplaceable. That is why one should always be mindful of his time, be it in any aspects …
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Homes Sales in Southern California Drop to Lowest Numbers Since 2008
Eager homebuyers were faced with low inventory, lending restraints, and reduced affordability for month of February. The month saw 14,027 units sold including resales houses and condominiums in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. This indicates a 3.1 percent drop in sales from January, a month that saw 14,471 units …
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Southern California Median Home Price Reaches $400,000 for March 2014
The median home sale price for Southern California homes reached the highest median level in six years. This year’s February figures had the medium sale price of a home at $383,000, with March’s figures improving to $400,000. This marks the highest level since February 2008. This is a 15.8 percent increase. This median sale price …
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Reason to buy Real Estate now versus waiting in Los Angeles
People that have the opportunity to purchase a home now should possibly consider it according to the following example: You are 30 and in the market for homes that are under the $300,000 range. Let’s say you have settled on a condo that is worth $250,000 today. Today’s rate of 4.41 percent (which historically is …
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Renewed Interest in Housing Near USC Due to Rising LA Neighborhood Prices
Lately, many first-time homebuyers are being priced out of desirable LA neighborhoods. This has created increased interest in moving to neighborhoods close to USC and to the west, where an expanding Expo light rail line is seen as a significant regional amenity. It is a convenient public transportation option, as well as a property value …
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Mayor Garcetti Introduces “Great Streets” Program with Prominent San Fernando Valley Intersections Named
The mayor’s announced “Great Streets” program aims to revitalize a number of significant intersections throughout Los Angeles. The plan’s goals are to increase walkability by becoming more pedestrian oriented and encourage local economic development by bringing in an influx of new businesses. Currently, a budget of $800,000 has been assigned for this ease-of-use initiative looking …
Southern California Foreclosures Fall, Bank Repossessions Increase
May saw home foreclosures decrease in Southern California. The region consists of six counties, with last month seeing 7,363 foreclosures. This foreclosure rate is 23 percent lower than May of last year. Los Angeles County alone saw one out of every 1,107 homes enter foreclosure. The highest foreclosure rates in the Southern California region were …
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Southern California Stays on Track to Maintain More Normal Market
The latest June foreclosure numbers show lower numbers than the same month last year. RealtyTrac reports that the six counties of Southern California had 7,528 foreclosures, an eight percent decrease from foreclosure numbers during the same month last year. Year-to-year foreclosure figures continue to dip for the region, but month-to-month numbers have risen three percent …
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