California home prices up a record 28.5%, sales tumble 3.5%

The median price paid for a home in California last month was $352,000, skyrocketing by a record 28.5 percent from $274,000 in June 2012. Meanwhile the sale of all homes – new and resale houses and condos – drooped 3.5 percent.

Continue Reading...

Callifornia’s May equity sales up; REO share in single-digits

Prices boom, sales falter   CALIFORNIA ASSOCIATION OF REALTORS – The share of equity sales in California continued to grow in May, making up nearly four of every five home


Home buyers’ interactive, online tool sorts 230 CA home buyer asssitance programs

More than 230 assistance programs in California can help home buyers overcome a top obstacle to home buying - the down payment. But finding them can be a dilemma. That's


California’s home prices at highest level in 5 years; competition intensifies

CALIFORNIA ASSOCIATION OF REALTORS - Strong sales in higher-cost coastal regions and heated market conditions drove home prices in California to the highest levels in March since May


Housing discrimination against gays, transgenders, families, marital status alive, too well, legal in most states

“It’s high time to amend the Fair Housing Act to include protections for sexual orientation and gender identity as well as source of income.” NATIONAL FAIR HOUSING ALLIANCE -


$1 million grant to put more teeth into enforcing California’s ‘Homeowner Bill of Rights’

CALIFORNIA ATTORNEY GENERAL - Attorney General Kamala D. Harris recently announced a $1 million California Homeowner Bill of Rights (HBOR) implementation grant to The National Housing Law Project. This


California home sales slump with short supply; demand boosts median price 21%

DATAQUICK - An estimated 28,719 new and resale houses and condos sold statewide last month. That was down 0.5 percent from 28,871 in January, and down 3.1 percent


Infographic: Why sellers rule in the Golden State

Movoto looked at California's 10 largest cities (by population) to get a better idea of what caused the state's turnaround from a buyer's market to a seller's market


SF Bay Area leading California’s accelerating housing recovery

They don't call them the Golden State and the Golden Gate for nothing. California is often the mother lode in any national housing recovery and the San Francisco


Norris: California home prices to rise 20 percent in 2013

Bruce Norris, of the Norris Group in Riverside CA is known for having his finger on the pulse of California's housing market. He says home values will rise in


California single-family home prices up 25%, condo prices rise 26%

"As we approach the new year, it is likely that sales and price will remain solid moving forward, dependent upon the strength of the economy and if Congress


Feds select CalHFA to help ease chronic homelessness

Photo: CALIFORNIA HOUSING FINANCE AGENCY - The federal government selected California, among five other states, to participate in a groundbreaking federal program to help ease chronic homelessness, an


National Mortgage Settlement grants Californians homeowner assistance

CALIFORNIA ATTORNEY GENERAL - Attorney General Kamala D. Harris today announced a $10.4 million grant program for organizations that provide housing counseling and legal services to homeowners.


California short sale shortcomings decline, problems persist

California's real estate agents say lenders are making some progress in processing short sales, but short sale problems persist for homeowners selling short to avoid foreclosure. The California Association


Higher California home prices stem foreclosure tide; San Francisco, San Mateo, Santa Clara counties lead pack

DQNEWS - Three and a half years after peaking, the number of California homes entering the foreclosure process fell last quarter to the lowest level since the early

Website by imagiNed Web Design