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Pending Home Sales in California Decline in July
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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?
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Pending Home Sales in California Decline 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.
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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.
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Pending Home Sales in California Decline in July

August 25, 2011 (Shirley Allen)

Pending home sales in California declined in July after posting two consecutive months of gains according to the Pending Home Sales Index (PHSI) released by the California Association of Realtors (CAR).

The index declined 1.7 percent to 117.0 in July, down from June’s index of 119.0. The index was still 4.9 percent higher than July of 2010 when sales suffered a significant decline due to the end of the home buyer’s tax credit.

Pending home sales are an indicator of sales activity 30 to 45 days into the future.

“While pending home sales dipped in July, all indications show we should continue at the current level for the next couple of months,” said C.A.R. President Beth L. Peerce. “Pending sales have been ahead of last year’s level for the past three consecutive months and should be on track to finish the year even with last year’s pace.”

CAR also reports that distressed property sales fell to 44.5 percent of all sales in California in July, a drop from 46.9 percent in June. Distressed property sales were also lower than July 2010 when 47.7 percent of all sales that month were distressed properties.

Short sales made up 17.5 percent of total sales statewide in July, down from 19.3 percent in June and also down from 20.9 percent in July of 2010.

Foreclosed properties and real estate-owned (REO) properties made up 26.7 percent of the total sales statewide in July, down from 27.3 percent in June, but up from 26.3 percent in July of 2010.

Distressed property sales as a percentage of total sales were highest in Madera County at 86 percent and lowest in Marin County at 25 percent in July.

Tags: California, pending home sales, distressed properties, short sales, REO, foreclosed properties

Source :
CAR

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.
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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.
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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.
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August 25, 2011 (Shirley Allen)

Pending home sales in California declined in July after posting two consecutive months of gains according to the Pending Home Sales Index (PHSI) released by the California Association of Realtors (CAR).

The index declined 1.7 percent to 117.0 in July, down from June’s index of 119.0. The index was still 4.9 percent higher than July of 2010 when sales suffered a significant decline due to the end of the home buyer’s tax credit.

Pending home sales are an indicator of sales activity 30 to 45 days into the future.

“While pending home sales dipped in July, all indications show we should continue at the current level for the next couple of months,” said C.A.R. President Beth L. Peerce. “Pending sales have been ahead of last year’s level for the past three consecutive months and should be on track to finish the year even with last year’s pace.”

CAR also reports that distressed property sales fell to 44.5 percent of all sales in California in July, a drop from 46.9 percent in June. Distressed property sales were also lower than July 2010 when 47.7 percent of all sales that month were distressed properties.

Short sales made up 17.5 percent of total sales statewide in July, down from 19.3 percent in June and also down from 20.9 percent in July of 2010.

Foreclosed properties and real estate-owned (REO) properties made up 26.7 percent of the total sales statewide in July, down from 27.3 percent in June, but up from 26.3 percent in July of 2010.

Distressed property sales as a percentage of total sales were highest in Madera County at 86 percent and lowest in Marin County at 25 percent in July.

Tags: California, pending home sales, distressed properties, short sales, REO, foreclosed properties

Source :
CAR

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

August 25, 2011 (Shirley Allen)

Pending home sales in California declined in July after posting two consecutive months of gains according to the Pending Home Sales Index (PHSI) released by the California Association of Realtors (CAR).

The index declined 1.7 percent to 117.0 in July, down from June’s index of 119.0. The index was still 4.9 percent higher than July of 2010 when sales suffered a significant decline due to the end of the home buyer’s tax credit.

Pending home sales are an indicator of sales activity 30 to 45 days into the future.

“While pending home sales dipped in July, all indications show we should continue at the current level for the next couple of months,” said C.A.R. President Beth L. Peerce. “Pending sales have been ahead of last year’s level for the past three consecutive months and should be on track to finish the year even with last year’s pace.”

CAR also reports that distressed property sales fell to 44.5 percent of all sales in California in July, a drop from 46.9 percent in June. Distressed property sales were also lower than July 2010 when 47.7 percent of all sales that month were distressed properties.

Short sales made up 17.5 percent of total sales statewide in July, down from 19.3 percent in June and also down from 20.9 percent in July of 2010.

Foreclosed properties and real estate-owned (REO) properties made up 26.7 percent of the total sales statewide in July, down from 27.3 percent in June, but up from 26.3 percent in July of 2010.

Distressed property sales as a percentage of total sales were highest in Madera County at 86 percent and lowest in Marin County at 25 percent in July.

Tags: California, pending home sales, distressed properties, short sales, REO, foreclosed properties

Source :
CAR

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?
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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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