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Distressed Properties Make Up 54% of California Sales
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
Distressed Properties Make Up 54% of California Sales
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
Distressed Properties Make Up 54% of California Sales

May 17, 2011 (Jeff Alan)

Distressed property sales made up 54 percent of California’s resale market in April 2011 according to DataQuick, while sales of new and resale homes and condos was down 3.3 percent compared to March, and 6.1 percent below sales in April, 2010.

An estimated 35,102 homes were sold in April compared to 36,417 in March. Home sales in April of last year numbered 37,481. According to statistics collected since 1988, the average number of homes sold in April is 44,359. The most homes sold in April were 71,638 in 2004 and the least amount sold in April were 27,625 in 1995.

The median price for a home in April remained unchanged from March at $249,000, and is down 2.4 percent from the median price of $255,000 in April of 2010. This was the seventh consecutive month of year-over-year price decreases.

Sales of foreclosures continued to drop while short sales increased slightly from the month before. The percentage of existing homes sales that had been foreclosed on in the past year dropped to 36.5 percent in April, down from 39.1 percent the month before and down from 38.1 percent a year earlier.

Short sales meanwhile, increased to an estimated 17.6 percent of resale’s last month, an increase from 17.2 in March and slightly lower than 17.7 percent from April 2010.

With falling prices and historically low mortgage interest rates, the typical monthly payment that buyers committed themselves to paying was $1050, which was the same as in March, but down from $1108 in April 2010. The typical mortgage payment is 61.7 percent below what the current cycle’s peak was in June 2006.

San Diego-based DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Tags: DataQuick, distressed properties, home sales, median home price, forclosures, short sales, falling prices, low mortgage rates, 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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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

May 17, 2011 (Jeff Alan)

Distressed property sales made up 54 percent of California’s resale market in April 2011 according to DataQuick, while sales of new and resale homes and condos was down 3.3 percent compared to March, and 6.1 percent below sales in April, 2010.

An estimated 35,102 homes were sold in April compared to 36,417 in March. Home sales in April of last year numbered 37,481. According to statistics collected since 1988, the average number of homes sold in April is 44,359. The most homes sold in April were 71,638 in 2004 and the least amount sold in April were 27,625 in 1995.

The median price for a home in April remained unchanged from March at $249,000, and is down 2.4 percent from the median price of $255,000 in April of 2010. This was the seventh consecutive month of year-over-year price decreases.

Sales of foreclosures continued to drop while short sales increased slightly from the month before. The percentage of existing homes sales that had been foreclosed on in the past year dropped to 36.5 percent in April, down from 39.1 percent the month before and down from 38.1 percent a year earlier.

Short sales meanwhile, increased to an estimated 17.6 percent of resale’s last month, an increase from 17.2 in March and slightly lower than 17.7 percent from April 2010.

With falling prices and historically low mortgage interest rates, the typical monthly payment that buyers committed themselves to paying was $1050, which was the same as in March, but down from $1108 in April 2010. The typical mortgage payment is 61.7 percent below what the current cycle’s peak was in June 2006.

San Diego-based DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Tags: DataQuick, distressed properties, home sales, median home price, forclosures, short sales, falling prices, low mortgage rates, 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

May 17, 2011 (Jeff Alan)

Distressed property sales made up 54 percent of California’s resale market in April 2011 according to DataQuick, while sales of new and resale homes and condos was down 3.3 percent compared to March, and 6.1 percent below sales in April, 2010.

An estimated 35,102 homes were sold in April compared to 36,417 in March. Home sales in April of last year numbered 37,481. According to statistics collected since 1988, the average number of homes sold in April is 44,359. The most homes sold in April were 71,638 in 2004 and the least amount sold in April were 27,625 in 1995.

The median price for a home in April remained unchanged from March at $249,000, and is down 2.4 percent from the median price of $255,000 in April of 2010. This was the seventh consecutive month of year-over-year price decreases.

Sales of foreclosures continued to drop while short sales increased slightly from the month before. The percentage of existing homes sales that had been foreclosed on in the past year dropped to 36.5 percent in April, down from 39.1 percent the month before and down from 38.1 percent a year earlier.

Short sales meanwhile, increased to an estimated 17.6 percent of resale’s last month, an increase from 17.2 in March and slightly lower than 17.7 percent from April 2010.

With falling prices and historically low mortgage interest rates, the typical monthly payment that buyers committed themselves to paying was $1050, which was the same as in March, but down from $1108 in April 2010. The typical mortgage payment is 61.7 percent below what the current cycle’s peak was in June 2006.

San Diego-based DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Tags: DataQuick, distressed properties, home sales, median home price, forclosures, short sales, falling prices, low mortgage rates, 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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