California June 2016 Home Sales Report

JuneCalifornia real estate moves higher in June.  Is the economy getting stronger or is lending getting easier?

California April 2016 Home Sales Report

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Take a look!  Home pricing is getting MORE expensive!  The median price of a home has now reached over $500K statewide!  What is driving the growth in pricing?  Take a closer look!  Sales of single family homes DECREASED from last year and the previous year!  From my conversations more homeowners are staying put, making housing more scarce and driving prices of existing homes higher.  Many homeowners are taking advantage of lower property taxes by holding onto what real estate they have instead up trading up or down.  Questions?  Email me for more assistance on how to buy or sell a home in this market!

New Jersey Tops Foreclosure States

California moves up from last years ranking of 14th to 10th in this poll.  Interesting opportunities here and out of state.

10 States with the Biggest Foreclosure Problems

California November 2015 Home Sales Report

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Homes Sales fell in November while pricing was relatively unchanged.  On the other hand, house rentals were strong, especially in the Antelope Valley.  We rented almost ALL of our available inventory!  My conversations with home buyers seemed to indicate home loans were taking longer to approve.  What was your experience?

California October 2015 Home Sales Report

October didn’t cool down till Halloween in 2015.  Tenants very uncomfortable with the heat found relief with the shorter days and the evenings more pleasant.  The market cooled for its second straight month with the MEDIAN going DOWN in October.

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California September 2015 Home Sales Report

September was another hot month – a LOT of house tenants DEMANDING AIR CONDITIONING!  But, the housing market MEDIAN cooled and actually went DOWN in September for home buyers.

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California August 2015 Home Sales Report

We experienced and incredibly HOT August even though SFR’s dipped in sales, the MEDIAN went higher!

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Fed Agrees Housing Sector is on the Upswing

This article from the Wall Street Journal confirms what many of us in California and Particularly Los Angeles have seen since 2014.  Strong and ever climbing rents on top of an increase in price battles over home purchases is the economy we’re living in.

http://blogs.wsj.com/economics/2015/07/08/fed-officials-finally-see-u-s-housing-sector-on-the-upswing/