Fading government stimulus and waning buyer enthusiasm caused Southern California’s housing market to soften in August — but not as badly as earlier in the summer. The median price for a Southland home in August dropped 2.4% from the month before to $288,000, the third consecutive month-to-month drop for the closely watched indicator, San Diego [...]
Filed under: California Real Estate News, Economic Recovery, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, La Times, Local LA Real Estate News, Market Update on September 16th, 2010 | Comments Off
The end of a popular government stimulus program drove home sales in July to their lowest levels in more than a decade, fueling fresh concerns about the economic recovery. Home sales fell 27.2% nationwide from a month earlier, the National Assn. of Realtors reported. That was a much bigger drop than expected, as the boost [...]
Filed under: Home Prices, Housing Market Trends, La Times, Market Update on August 27th, 2010 | Comments Off
California home prices remained almost flat in July but sales stalled as federal tax credits for buyers expired. The median price paid for a home last month was $268,000, down less than 1% from June, and up 7.2% from July 2009, according to MDA DataQuick of San Diego. The year-over-year increase was the ninth in [...]
Filed under: California Real Estate News, First-Time Homebuyer Tax Credit, Home Buying, Home Prices, Home Selling, Housing Market Trends on August 23rd, 2010 | Comments Off
Real estate deals in which lenders agree to take less for a property than the balance on the mortgage have tripled since 2008, a report says. Sales of homes for less than the amount of their outstanding mortgage debt have tripled since 2008, particularly in California and the Sunbelt, according to a report released Tuesday. [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Prices, Home Sellers, Housing Market Trends on August 11th, 2010 | Comments Off
The May increase to $305,000, compared with the same period a year earlier, reflects a shift in sales in the region. Purchases climb 7.2% as buyers rush to take advantage of tax incentives. The Southland’s housing market surged in May with the median home price soaring 22.5% from its year-earlier level as tax incentives for [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, Mortgage Rates on June 21st, 2010 | Comments Off
Case-Shiller index of 20 metro areas shows prices up 2.3% in March from a year earlier. But they fell 0.5% from February. The mixed reading leaves economists disagreeing over where the market is headed. Home prices in 20 major cities gained ground in March for the second consecutive month compared with their beaten-down year-earlier levels, [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, National Real Estate News on May 26th, 2010 | Comments Off
the 0.6% drop, less than expected, follows steeper declines in January and December. It comes KB Home reports a narrower loss in its first quarter. By Alejandro Lazo The Los Angeles Times The housing market stumbled anew in February as sales of previously owned homes fell for the third consecutive month and the number of [...]
Filed under: Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 24th, 2010 | Comments Off
Analysts attribute the increase, to $249,000, to more higher-end houses and fewer bank-owned properties changing hands. By Alejandro Lazo The Los Angeles Times California’s median home price rose a robust 11.2% in February from the same period a year ago as fewer foreclosure properties sold, while the number of homes sold fell 3.8%. The median [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Market Update on March 19th, 2010 | Comments Off
Led by double-digit jumps in coastal areas, the median sales price for the region reaches $275,000. The number of homes sold was nearly flat, up only 0.8%. By Alejandro Lazo The Los Angeles Times Southland home prices jumped 10% in February compared with the same month last year as foreclosure sales dropped significantly. San Diego [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Jumbo Home Loans, Lending Info, Market Update on March 17th, 2010 | Comments Off
The rate, which has hovered around that mark since September, fell to 4.97% this week from 5.05% last week E. Scott Reckard The Los Angeles Times The typical rate offered by lenders on 30-year mortgages slipped back below 5% this week, Freddie Mac said Thursday. The mortgage giant’s weekly survey found that the average rate [...]
Filed under: Economic Recovery, Federal Housing Regulations, Home Buying, Home Prices, Housing Market Trends, Lending Info, loan modification, Mortgage Rates, National Real Estate News on March 5th, 2010 | Comments Off
