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Pending Home Sales in California Decline in July
Pending Home Sales in California Decline in July
Pending Home Sales in California Decline in July
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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

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Estimate your monthly mortgage payment
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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

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.
Information You Can Use
Helpful Tools

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

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.
Information You Can Use

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