Calculated Risk: DataQuick: SoCal Home Sales Increase in November

A large part of market activity is from first time homebuyers using FHA loans and investors. This is not a healthy market. The percentage of foreclosure resales has decline to 39.1 percent – still very high historically.

Read more from the original source: 
Calculated Risk: DataQuick: SoCal Home Sales Increase in November

Related FHA and HUD Posts

Tags: , , , , , , , , , , , , ,
Tags: , , , , , , , , , , ,

    Leave a Reply

    Recent Posts:

    Real Estate Conditions 2 – Mortgage & First Time Home Buyer Dec08 Seller to pay Closing Costs
    Florida FHA mortgage lender ((down to 580 FICO))
    Latest FHA Streamline Refinance Auctions
    Fha Refinance — Hope for Homeowners Program
    Florida FHA Mortgage, Eazy to Qualify!!

    Related results on Calculated Risk: DataQuick: SoCal Home Sales Increase in November

    1. Recently, the Congressional Budget Office calculated that, because of medical inflation, Washington would need to increase CHIPs funding by $13. 4 billion over the next five years just to maintain its existing caseload cheap tickets for radio city music hall ..... Foreclosures continued to drag home prices to new lows in November, as the Southern California median sales price slid to $285000, its first drop below $300000 since 2003. The November median price was down 34. ...

    1. Related Posts. Calculated Risk: DataQuick: SoCal Home Sales Increase. Southern California home sales rose in October as prices showed more signs of firming. The median sale price fell by the smallest amount in two years, the result of a ...

    1. From DataQuick: Southland home sales, median price up over last year. As DataQuick notes the median price increase was due to a change in mix - as always I recommend ignoring the median price. Southern California home sales in December remained above ... Foreclosure resales ? houses and condos sold in December that had been foreclosed on in the prior 12 months ? were 39.6 percent of resales, up from 39.0 percent in November but down from 53.5 percent in December 2008. ...