DataQuick: FHA Loans Decline, VA Loans Up

April 5, 2011 (Shirley Allen)
mortgage-fhaloans-image
DataQuick reports that the share of borrowers using government insured FHA loans fell to a 27 month low in February to 33.3 percent of all mortgages based on an analysis of 20 large housing markets nationwide. Meanwhile, the number of VA mortgages increased from a year ago to 6.4 percent, compared to 5.5 percent a year earlier.

Read more…

California Home Sales at a Three Year Low

March 18, 2011 (Jeff Alan)
mortgage-casinking-image
California home sales continued to slide with an estimated 27,320 new and resale homes and condos sold statewide in February according to DataQuick. It was the lowest amount of sales since February 2008. Sales were down 1.4 percent from January and 2.8 percent from February of 2010.

Read more…

Southern California Home Sales Plummet

January 19, 2011 (Jeff Alan)
mortgage-falling-off-image
Southern California home sales plummeted almost 13 percent in December from a year earlier as unemployment and tight credit cut demand, according to San Diego-based data firm DataQuick. The data was somewhat of a surprise as the Southern California market had recently been showing signs of stability and market improvement.

Read more…