Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

California Housing Market Remains Solid With Sales, Price Gains  #realestate #investment #homeownership

9/4/2017

0 Comments

 
Picture
Source:  Mortgage Professional America

The California housing market saw sales and prices improve from year-ago levels in July, indicating a solid market in spite of supply and affordability challenges, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.).

The market posted a seasonally adjusted annual rate of 421,460 closed escrow sales of existing, single-family detached homes in July, representing the 16th consecutive month where the figure stayed above the 400,000 benchmark.  The July rate fell 1.1% from the 443,120 revised level in June, but increased 0.9% from the 417,680 revised rate in July 2016.

"As we enter the second half of the year, we are likely to see some slow down in sales that extends beyond the typical seasonality change," said C.A.R. President Geoff McIntosh.  "While the rate of closed sales indicate that California's housing market has continued to move forward, tight supply continued to push up prices and lower affordability, which can ultimately undermine the housing market by putting homeownership out of reach for too many households."

Check out the full story here:
http://www.mpamag.com/news/california-housing-market-remains-solid-with-sales-price-gains-76521.aspx

0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER