California Home Sales at a Three Year Low
California Home Sales at a Three Year Low
California Home Sales at a Three Year Low
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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.

The median price paid for a home was $244,000, up 2.1 percent from $239,000 in January but down 2.0 percent from $249,000 in February of 2010. On a year-over-year basis, the state’s median price has fallen for five consecutive months.

Distressed properties made up nearly 60 percent of all sales. The amount of foreclosed sales actually dropped to 40.1 percent, which was down from 40.4 percent in January, but short sales made just over 18 percent of all transactions, which was up from 17.6 percent the previous year, and up from 11.2 percent from two years ago.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,033. That was up from $999 in January, and down from $1,068 in February 2010. Mortgage rates in February were also slightly higher breaking the 5 percent mark before slipping back down the past few weeks.

Tags: DataQuick, California home sales, median home price, distressed properties, short sales, mortgage payment

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Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

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.

The median price paid for a home was $244,000, up 2.1 percent from $239,000 in January but down 2.0 percent from $249,000 in February of 2010. On a year-over-year basis, the state’s median price has fallen for five consecutive months.

Distressed properties made up nearly 60 percent of all sales. The amount of foreclosed sales actually dropped to 40.1 percent, which was down from 40.4 percent in January, but short sales made just over 18 percent of all transactions, which was up from 17.6 percent the previous year, and up from 11.2 percent from two years ago.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,033. That was up from $999 in January, and down from $1,068 in February 2010. Mortgage rates in February were also slightly higher breaking the 5 percent mark before slipping back down the past few weeks.

Tags: DataQuick, California home sales, median home price, distressed properties, short sales, mortgage payment

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Helpful Tools

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.

The median price paid for a home was $244,000, up 2.1 percent from $239,000 in January but down 2.0 percent from $249,000 in February of 2010. On a year-over-year basis, the state’s median price has fallen for five consecutive months.

Distressed properties made up nearly 60 percent of all sales. The amount of foreclosed sales actually dropped to 40.1 percent, which was down from 40.4 percent in January, but short sales made just over 18 percent of all transactions, which was up from 17.6 percent the previous year, and up from 11.2 percent from two years ago.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,033. That was up from $999 in January, and down from $1,068 in February 2010. Mortgage rates in February were also slightly higher breaking the 5 percent mark before slipping back down the past few weeks.

Tags: DataQuick, California home sales, median home price, distressed properties, short sales, mortgage payment

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.