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  • Housing Inventories Continue to Increase Across The Nation While Prices are Reduced In Some Markets
    The trend in the numbers of homes for sale is continuing to increase across the country. Housing inventories are clearly rising. The more houses for sale, the more downward pressure there will be on home sales.
  • Home Sales Continue to Drop In Southern California
    Home sales are dropping in Southern California. For the fourth month in a row, home sales have continued top drop, according to data for March. At the same time, the median price for a home in Southern California, has climbed above the $500,000 mark. This is a divergence of trends. In the last several years home sales were robust and increasing and so were home prices. Now home sales have slowed but prices are still inching upward in many areas.
  • Despite Slowdown California Home Prices Set New Record
    For the month of June 53,700 homes and condos were sold statewide in California in June. The pace of resale’s has picked up a little from May and has increased 3.8% in one month. In the broad picture home sales have decreased 20.7% from the same period last year.
  • California Real Estate Market Gives Mixed Messages
    In April 47,250 new and resale houses and condos were sold in the state of California. That's down from 54,500 in March which is a drop of 13.3%. April of 2005 was one of the strongest months for real estate in California's history. What a difference a year makes. Sales were down 21% from last April. Even though sales were down, prices were not.
  • California Foreclosure Activity Up by the Biggest Margin in 14 Years- Is The Bust Starting?
    Although the foreclosure rate in California soared in the second quarter, it is still not clear exactly how bad this is. It certainly is not good, however in spite of the soaring foreclosure rate, foreclosures are still below normal.
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