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Posts Tagged ‘ California ’

California Bay Area Home Sales Decline 4.7% YoY in Q2, Inventory up 11% YoY

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California Bay Area Home Sales Decline 4.7% YoY in Q2, Inventory up 11% YoY

From Compass chief economist Selma Hepp: How did the spur of IPOs impact Bay Area housing markets? • Higher-end sales surged. While the total number of homes sold in the second quarter trended below last year by about 5 percent, higher-priced sales, above million, surged again bringing second quarter sales in line with last...
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CAR: “California home sales moderate in March”

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CAR: “California home sales moderate in March”

The CAR reported: California home sales, median price moderate in March, C.A.R. reports The lowest interest rates in more than a year boosted California’s housing market and kept home sales level in March after an exceptionally strong performance the previous month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing,...
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California Bay Area Home Sales Decline 8% YoY in October, Inventory up 21% YoY

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California Bay Area Home Sales Decline 8% YoY in October, Inventory up 21% YoY

Here are some Bay Area stats from Pacific Union chief economist Selma Hepp: • Bay Area home sales dipped by 8 percent year over year in October; however, the 19 percent increase from September was the highest monthly increase between September and October going back to 1990. • Santa Clara County and East Bay...
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DataQuick: Southern California January Home Sales down 6% Year-over-year

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DataQuick: Southern California January Home Sales down 6% Year-over-year

From DataQuick: Southern California Home Sales Decline; Median Sale Price Still Up Year Over Year Home sales in January fell sharply from December, as they normally do, and dipped modestly from a year earlier, marking the 14th month in the last 16 to post a year-over-year sales decline. … A total of 13,560 new...
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DataQuick: “California Foreclosure Starts Lowest Since 2005″

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DataQuick: “California Foreclosure Starts Lowest Since 2005″

From DataQuick: California Foreclosure Starts Lowest Since 2005 A total of 17,524 Notices of Default (NoDs) were recorded at county recorders offices during the April-through-June period. That was down 8.8 percent from 19,215 in the prior quarter, and down 31.9 percent from 25,747 in second-quarter 2013, according to DataQuick, which is owned by Irvine-based...
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DataQuick on California Bay Area: April Home Sales down slightly Year-over-year, Non-Distressed sales up 15% Year-over-year

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DataQuick on California Bay Area: April Home Sales down slightly Year-over-year, Non-Distressed sales up 15% Year-over-year

From DataQuick: Bay Area Home Prices Continue to Rise; Sales Up from March, Flat Yr/Yr A total of 7,555 new and resale houses and condos were sold in the nine-county Bay Area last month. That was up 19.8 percent from 6,308 in March and down 0.9 percent from 7,621 in April a year ago,...
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Report: U.S. Foreclosure Starts Decline in January due to new California Law

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Report: U.S. Foreclosure Starts Decline in January due to new California Law

From RealtyTrac: U.S. Foreclosure Starts Fall to Six-Year Low in January RealtyTrac® … today released its U.S. Foreclosure Market Report™ for January 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 150,864 U.S. properties in January, a decrease of 7 percent from the previous month and...
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Gasoline Prices surge in California due to Refinery Problems

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Gasoline Prices surge in California due to Refinery Problems

Earlier on employment: • September Employment Report: 114,000 Jobs, 7.8% Unemployment Rate • Employment: Somewhat Better (also more graphs) • All Employment Graphs Last night I mentioned the soaring gasoline prices in California, here is an update from the LA Times: California facing new record high for gasoline prices The average price for a...
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Foreclosure Report: California “Homebuyers should brace themselves for significantly less inventory next year”

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Foreclosure Report: California “Homebuyers should brace themselves for significantly less inventory next year”

Two foreclosure reports: one national predicting an increase in distressed sales; the other regional (west) predicting less foreclosure inventory. Both could be correct … (Update: the reports have conflicting data for California – on that one is probably wrong!) RealtyTrac released their midyear foreclosure report this morning: 1 Million Properties With Foreclosure Filings in...
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California AG: Mortgage settlement ‘inadequate’

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California AG: Mortgage settlement ‘inadequate’

From Alejandro Lazo at the LA Times: California calls -billion mortgage settlement ‘inadequate’ Calif. Atty. Gen. Kamala D. Harris’ office has called a proposed -billion settlement with the nation’s mortgage industry “inadequate.” “We’ve reviewed the details of the latest settlement proposal from the banks, and we believe it is inadequate for California,” Shum Preston,...
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