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California Home Sales Fall in January, Still Higher than Last Year
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
California Home Sales Fall in January, Still Higher than Last Year
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
California Home Sales Fall in January, Still Higher than Last Year

February 23, 2012 (Shirley Allen)

Monthly sales of new and existing homes in California followed seasonal norms and declined in January but remained above year ago levels while home prices ended the month lower according to real estate information provider DataQuick.

An estimated total of 28,111 new and existing homes and condos were sold in the Golden State in January. That was 25.5 percent lower than the 37,734 homes sold in December but still 1.5 percent higher than the 27,706 homes sold in January 2011. Historically, California typically averages 31,717 home sales in the month of January.

The median sales price for a home in California fell 4.1 percent to $236,000 from $246,000 in December and was 1.3 percent lower than the median price of $239,000 posted in January of 2011.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in April 2009. Year-over-year home prices have declined for 16 consecutive months.

Distressed property sales accounted for 55.9 percent of all re-sales in January, up from a revised 53.5 percent in December, with homes that had been foreclosed on in the previous twelve months accounting for 34.5 percent of the existing home sales. That was up from a revised 33.9 percent posted in the previous month but down from 40.4 percent in January of 2011.

Short sales accounted for an estimated 21.4 percent of all re-sales last month, up from 19.6 in December. In January of last year, short sales accounted for 18.7 percent of all existing home sales.

Low mortgage interest rates and the lowest home prices in years continued to help California borrowers keep their payments low as the typical monthly mortgage payment for home buyers in January was $893, down from $935 in December. The lowest monthly payment recorded since DataQuick started keeping records in 1988 was $882, reached in February 1999.

The payment was $106 less than the average mortgage payment of $999 in January of last year. January’s typical mortgage payment was 66.9 percent lower than it was during the current cycle’s peak in June 2006.

Tags: DataQuick, California, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 23, 2012 (Shirley Allen)

Monthly sales of new and existing homes in California followed seasonal norms and declined in January but remained above year ago levels while home prices ended the month lower according to real estate information provider DataQuick.

An estimated total of 28,111 new and existing homes and condos were sold in the Golden State in January. That was 25.5 percent lower than the 37,734 homes sold in December but still 1.5 percent higher than the 27,706 homes sold in January 2011. Historically, California typically averages 31,717 home sales in the month of January.

The median sales price for a home in California fell 4.1 percent to $236,000 from $246,000 in December and was 1.3 percent lower than the median price of $239,000 posted in January of 2011.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in April 2009. Year-over-year home prices have declined for 16 consecutive months.

Distressed property sales accounted for 55.9 percent of all re-sales in January, up from a revised 53.5 percent in December, with homes that had been foreclosed on in the previous twelve months accounting for 34.5 percent of the existing home sales. That was up from a revised 33.9 percent posted in the previous month but down from 40.4 percent in January of 2011.

Short sales accounted for an estimated 21.4 percent of all re-sales last month, up from 19.6 in December. In January of last year, short sales accounted for 18.7 percent of all existing home sales.

Low mortgage interest rates and the lowest home prices in years continued to help California borrowers keep their payments low as the typical monthly mortgage payment for home buyers in January was $893, down from $935 in December. The lowest monthly payment recorded since DataQuick started keeping records in 1988 was $882, reached in February 1999.

The payment was $106 less than the average mortgage payment of $999 in January of last year. January’s typical mortgage payment was 66.9 percent lower than it was during the current cycle’s peak in June 2006.

Tags: DataQuick, California, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 23, 2012 (Shirley Allen)

Monthly sales of new and existing homes in California followed seasonal norms and declined in January but remained above year ago levels while home prices ended the month lower according to real estate information provider DataQuick.

An estimated total of 28,111 new and existing homes and condos were sold in the Golden State in January. That was 25.5 percent lower than the 37,734 homes sold in December but still 1.5 percent higher than the 27,706 homes sold in January 2011. Historically, California typically averages 31,717 home sales in the month of January.

The median sales price for a home in California fell 4.1 percent to $236,000 from $246,000 in December and was 1.3 percent lower than the median price of $239,000 posted in January of 2011.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in April 2009. Year-over-year home prices have declined for 16 consecutive months.

Distressed property sales accounted for 55.9 percent of all re-sales in January, up from a revised 53.5 percent in December, with homes that had been foreclosed on in the previous twelve months accounting for 34.5 percent of the existing home sales. That was up from a revised 33.9 percent posted in the previous month but down from 40.4 percent in January of 2011.

Short sales accounted for an estimated 21.4 percent of all re-sales last month, up from 19.6 in December. In January of last year, short sales accounted for 18.7 percent of all existing home sales.

Low mortgage interest rates and the lowest home prices in years continued to help California borrowers keep their payments low as the typical monthly mortgage payment for home buyers in January was $893, down from $935 in December. The lowest monthly payment recorded since DataQuick started keeping records in 1988 was $882, reached in February 1999.

The payment was $106 less than the average mortgage payment of $999 in January of last year. January’s typical mortgage payment was 66.9 percent lower than it was during the current cycle’s peak in June 2006.

Tags: DataQuick, California, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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