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California Home Sales Slip Again in July
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 Slip Again in July
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 Slip Again in July

September 11, 2012 (Chris Moore)

Monthly sales of new and existing homes in California slipped for a second consecutive month in July but still remained higher than a year ago, while home prices continued to make solid gains according to real estate information provider DataQuick.

An estimated total of 39,507 new and existing homes and condos were sold in the Golden State in July. That was 3.7 percent lower than the 41,027 homes sold in June but still a hefty 13.9 percent higher than the 34,695 homes sold in July 2011.

Home sales in the state typically decrease 7.0 percent between June and July. Despite being 14.7 percent below the historical average of 49,753 sales for the month, home sales have improved year-over-year for the last 13 months.

Distressed property sales accounted for 41.0 percent of all re-sales in July, down from 43.0 percent in June, with homes that had been foreclosed on in the previous twelve months accounting for 22.0 percent of the existing home sales. That was down from a revised 24.9 percent in June and down from 34.5 percent in July of 2011.

Foreclosure re-sales are down over 60 percent since the market peak in February 2009 when foreclosure re-sales accounted for 58.5 percent of the resale market.

Short sales accounted for an estimated 19.0 percent of all re-sales last month, up from 18.1 percent in June. In July of last year, short sales accounted for 17.3 percent of all existing home sales.

The median sales price for a home in California increased 2.6 percent to $281,000 from $274,000 in June and was 11.5 percent higher than the median price of $252,000 posted in July of 2011. It was the fifth consecutive increase in year-over-year prices in the state following 18 months of declines.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in July 2009.

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

Source:
DataQuick

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.
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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 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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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 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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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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September 11, 2012 (Chris Moore)

Monthly sales of new and existing homes in California slipped for a second consecutive month in July but still remained higher than a year ago, while home prices continued to make solid gains according to real estate information provider DataQuick.

An estimated total of 39,507 new and existing homes and condos were sold in the Golden State in July. That was 3.7 percent lower than the 41,027 homes sold in June but still a hefty 13.9 percent higher than the 34,695 homes sold in July 2011.

Home sales in the state typically decrease 7.0 percent between June and July. Despite being 14.7 percent below the historical average of 49,753 sales for the month, home sales have improved year-over-year for the last 13 months.

Distressed property sales accounted for 41.0 percent of all re-sales in July, down from 43.0 percent in June, with homes that had been foreclosed on in the previous twelve months accounting for 22.0 percent of the existing home sales. That was down from a revised 24.9 percent in June and down from 34.5 percent in July of 2011.

Foreclosure re-sales are down over 60 percent since the market peak in February 2009 when foreclosure re-sales accounted for 58.5 percent of the resale market.

Short sales accounted for an estimated 19.0 percent of all re-sales last month, up from 18.1 percent in June. In July of last year, short sales accounted for 17.3 percent of all existing home sales.

The median sales price for a home in California increased 2.6 percent to $281,000 from $274,000 in June and was 11.5 percent higher than the median price of $252,000 posted in July of 2011. It was the fifth consecutive increase in year-over-year prices in the state following 18 months of declines.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in July 2009.

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

Source:
DataQuick

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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
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 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

September 11, 2012 (Chris Moore)

Monthly sales of new and existing homes in California slipped for a second consecutive month in July but still remained higher than a year ago, while home prices continued to make solid gains according to real estate information provider DataQuick.

An estimated total of 39,507 new and existing homes and condos were sold in the Golden State in July. That was 3.7 percent lower than the 41,027 homes sold in June but still a hefty 13.9 percent higher than the 34,695 homes sold in July 2011.

Home sales in the state typically decrease 7.0 percent between June and July. Despite being 14.7 percent below the historical average of 49,753 sales for the month, home sales have improved year-over-year for the last 13 months.

Distressed property sales accounted for 41.0 percent of all re-sales in July, down from 43.0 percent in June, with homes that had been foreclosed on in the previous twelve months accounting for 22.0 percent of the existing home sales. That was down from a revised 24.9 percent in June and down from 34.5 percent in July of 2011.

Foreclosure re-sales are down over 60 percent since the market peak in February 2009 when foreclosure re-sales accounted for 58.5 percent of the resale market.

Short sales accounted for an estimated 19.0 percent of all re-sales last month, up from 18.1 percent in June. In July of last year, short sales accounted for 17.3 percent of all existing home sales.

The median sales price for a home in California increased 2.6 percent to $281,000 from $274,000 in June and was 11.5 percent higher than the median price of $252,000 posted in July of 2011. It was the fifth consecutive increase in year-over-year prices in the state following 18 months of declines.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in July 2009.

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

Source:
DataQuick

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
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 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