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Annual Home Prices Rise for the First Time in California in 18 Months
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You're Now Reading:
Annual Home Prices Rise for the First Time in California in 18 Months
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Annual Home Prices Rise for the First Time in California in 18 Months
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April 23, 2012 (Shirley Allen)

Monthly sales of new and existing homes in California bounced back from a dismal February and even improved upon the previous year’s tally while home prices saw their first year-over-year increase in a year and a half according to real estate information provider DataQuick.

An estimated total of 37,481 new and existing homes and condos were sold in the Golden State in March. That was 26.5 percent higher than the 29,630 homes sold in February and 2.9 percent higher than the 36,417 homes sold in March 2011.

Home sales in the state typically increase between February and March and despite being 14.6 percent below the historical average of 43,883 sales for the month, it was still the best showing for the state since 2007.

The median sales price for a home in California increased 5.0 percent to $251,000 from $239,000 in February and was 0.8 percent higher than the median price of $249,000 posted in March of 2011. It was the first increase in year-over-year prices in the state in 18 months.

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.

Distressed property sales accounted for 51.4 percent of all re-sales in March, down from a revised 54.3 percent in February, with homes that had been foreclosed on in the previous twelve months accounting for 32.5 percent of the existing home sales. That was down from a revised 33.9 percent in February and down from 40.1 percent in March of 2011.

Short sales accounted for an estimated 18.9 percent of all re-sales last month, down from a revised 20.4 in February. In March of last year, short sales accounted for 18.5 percent of all existing home sales.

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

Source:
DataQuick

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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
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Calculator
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Rates

April 23, 2012 (Shirley Allen)

Monthly sales of new and existing homes in California bounced back from a dismal February and even improved upon the previous year’s tally while home prices saw their first year-over-year increase in a year and a half according to real estate information provider DataQuick.

An estimated total of 37,481 new and existing homes and condos were sold in the Golden State in March. That was 26.5 percent higher than the 29,630 homes sold in February and 2.9 percent higher than the 36,417 homes sold in March 2011.

Home sales in the state typically increase between February and March and despite being 14.6 percent below the historical average of 43,883 sales for the month, it was still the best showing for the state since 2007.

The median sales price for a home in California increased 5.0 percent to $251,000 from $239,000 in February and was 0.8 percent higher than the median price of $249,000 posted in March of 2011. It was the first increase in year-over-year prices in the state in 18 months.

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.

Distressed property sales accounted for 51.4 percent of all re-sales in March, down from a revised 54.3 percent in February, with homes that had been foreclosed on in the previous twelve months accounting for 32.5 percent of the existing home sales. That was down from a revised 33.9 percent in February and down from 40.1 percent in March of 2011.

Short sales accounted for an estimated 18.9 percent of all re-sales last month, down from a revised 20.4 in February. In March of last year, short sales accounted for 18.5 percent of all existing home sales.

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

Source:
DataQuick

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

April 23, 2012 (Shirley Allen)

Monthly sales of new and existing homes in California bounced back from a dismal February and even improved upon the previous year’s tally while home prices saw their first year-over-year increase in a year and a half according to real estate information provider DataQuick.

An estimated total of 37,481 new and existing homes and condos were sold in the Golden State in March. That was 26.5 percent higher than the 29,630 homes sold in February and 2.9 percent higher than the 36,417 homes sold in March 2011.

Home sales in the state typically increase between February and March and despite being 14.6 percent below the historical average of 43,883 sales for the month, it was still the best showing for the state since 2007.

The median sales price for a home in California increased 5.0 percent to $251,000 from $239,000 in February and was 0.8 percent higher than the median price of $249,000 posted in March of 2011. It was the first increase in year-over-year prices in the state in 18 months.

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.

Distressed property sales accounted for 51.4 percent of all re-sales in March, down from a revised 54.3 percent in February, with homes that had been foreclosed on in the previous twelve months accounting for 32.5 percent of the existing home sales. That was down from a revised 33.9 percent in February and down from 40.1 percent in March of 2011.

Short sales accounted for an estimated 18.9 percent of all re-sales last month, down from a revised 20.4 in February. In March of last year, short sales accounted for 18.5 percent of all existing home sales.

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

Source:
DataQuick

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.