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Housing Resales

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BUSINESS
August 28, 1990 | TOM FURLONG, TIMES STAFF WRITER
As California's residential real estate market continued cooling in July, with sales of existing houses falling to the lowest level in 4 1/2 years, Orange County sales and prices held stable for the month, an industry trade group reported Monday. Sales of single-family homes in the county slipped only 0.1% from June to July, contrasted with a 5.3% decline statewide. For the 12 months ended in July, however, the sales pace in Orange County tumbled 18.7%, whereas the decline statewide was 15%.
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BUSINESS
March 2, 1993 | From Staff and Wire Reports
Bad weather and the winter-holiday crunch pushed housing resales lower in California and the rest of the nation during January, two real estate trade groups said Monday. The California Assn. of Realtors said the January sales pace was 435,180 on a seasonally adjusted annual basis, down 12% from an unusually strong sales pace in December but 1.8% higher than in January, 1992. In a separate report, the National Assn. of Realtors said the nationwide January sales pace was 3.
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BUSINESS
April 28, 1992 | JUBE SHIVER Jr. and SUSAN CHRISTIAN, TIMES STAFF WRITERS
Despite slightly higher mortgage rates, the nation's housing recovery held its ground last month as sales of existing homes remained at the highest level in more than three years, a real estate trade group said Monday. "The economy is finally moving clearly toward recovery, and we're feeling it not just in housing but other areas as well," said Dorcas T. Helfant, president of the Chicago-based National Assn. of Realtors.
BUSINESS
August 11, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
The Valley's prolonged housing slump extended into July, with combined resales of single-family houses and condominiums tumbling 34% from a year earlier, the San Fernando Valley Board of Realtors said Monday. The sale of 850 existing properties in July was down from 1,296 sold in July, 1991, and also was off 10% from the previous month when 933 houses and condos were sold, the board reported. And as sales slowed, the inventory of unsold Valley properties again swelled to an unprecedented level.
BUSINESS
May 5, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Residential developers are building lower-priced new homes and the recession has clamped a lid on soaring resale home prices, but Orange County continues hanging on to its position as the Southland's highest-priced locale. And despite the Southland's gently falling new home prices, there is no discernible rush by consumers to snap up homes at the bottom of the market, an analyst at TRW Redi Property Services has found.
BUSINESS
December 10, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
The Valley's residential real estate market remained sluggish in November, with combined sales of single-family houses and condominiums dropping 4% from the previous month and 7% from a year earlier, the San Fernando Valley Board of Realtors said Monday. The latest declines followed a 19% month-to-month drop in October, with consumer skittishness about the weak economy continuing to weigh on sales and offsetting a recent decline in mortgage interest rates.
NEWS
September 25, 1986 | Associated Press
Sales of existing homes jumped 7% in August to an annual rate of 3.69 million units, the fastest sales pace of this decade, a real estate trade group reported today. The National Assn. of Realtors said its monthly survey found that declines in mortgage rates helped spur sales in August following a smaller 1.8% increase in July. The increase pushed the annual rate of sales to its highest level since October, 1979, when a pace of 3.77 million units was recorded.
BUSINESS
March 2, 1993 | From Staff and Wire Reports
Bad weather and the winter-holiday crunch pushed housing resales lower in California and the rest of the nation during January, two real estate trade groups said Monday. The California Assn. of Realtors said the January sales pace was 435,180 on a seasonally adjusted annual basis, down 12% from an unusually strong sales pace in December but 1.8% higher than in January, 1992. In a separate report, the National Assn. of Realtors said the nationwide January sales pace was 3.
BUSINESS
May 8, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
The average sale price of an existing house in the metropolitan San Diego area was $214,243 in April, down 2% from April, 1989, the first year-to-year drop in the monthly average since June, 1987. Although the price drop was minimal--the average April, 1989, sales price was $217,802--it was further evidence that the San Diego housing market has reached a plateau.
BUSINESS
June 27, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Orange County's single-family resale housing market continued a nearly 18-month downward tumble in May as sales fell 17.2% from a year ago, the California Assn. of Realtors reported Tuesday. At the same time, the median price of a resale home in the county rose nearly 6%, to $256,990 from $242,677 a year earlier. The median price was 5% higher than April's $244,784, making Orange County the only one of the state's major urban areas to post both month-to-month and year-to-year increases.
BUSINESS
May 5, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Residential developers are building lower-priced new homes and the recession has clamped a lid on soaring resale home prices, but Orange County continues hanging on to its position as the Southland's highest-priced locale. And despite the Southland's gently falling new home prices, there is no discernible rush by consumers to snap up homes at the bottom of the market, an analyst at TRW Redi Property Services has found.
BUSINESS
April 28, 1992 | JUBE SHIVER Jr. and SUSAN CHRISTIAN, TIMES STAFF WRITERS
Despite slightly higher mortgage rates, the nation's housing recovery held its ground last month as sales of existing homes remained at the highest level in more than three years, a real estate trade group said Monday. "The economy is finally moving clearly toward recovery, and we're feeling it not just in housing but other areas as well," said Dorcas T. Helfant, president of the Chicago-based National Assn. of Realtors.
BUSINESS
December 10, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
The Valley's residential real estate market remained sluggish in November, with combined sales of single-family houses and condominiums dropping 4% from the previous month and 7% from a year earlier, the San Fernando Valley Board of Realtors said Monday. The latest declines followed a 19% month-to-month drop in October, with consumer skittishness about the weak economy continuing to weigh on sales and offsetting a recent decline in mortgage interest rates.
BUSINESS
September 24, 1991 | PATRICE APODACA, TIMES STAFF WRITER
Sales are down and the market is oversupplied. Any Economics 101 student can tell you that means prices should be falling as well. But in the San Fernando Valley housing market, something strange seems to be going on. For more than a year, the monthly reports from the San Fernando Valley Board of Realtors have shown that sales of single-family houses and condominiums have been declining.
BUSINESS
January 25, 1991 | JOHN O'DELL, TIMES STAFF WRITER
Great Western Financial Corp. is officially out of the residential real estate sales business. The Beverly Hills-based company's foray into the business ended this week when escrow closed on the last of the financial service company's residential resale agencies. The sale of the Great Western Real Estate offices in Palm Springs and Palm Desert closed out a seven-year effort by the financial giant to make a name for itself in all arenas of the real estate market.
BUSINESS
August 28, 1990 | TOM FURLONG, TIMES STAFF WRITER
As California's residential real estate market continued cooling in July, with sales of existing houses falling to the lowest level in 4 1/2 years, Orange County sales and prices held stable for the month, an industry trade group reported Monday. Sales of single-family homes in the county slipped only 0.1% from June to July, contrasted with a 5.3% decline statewide. For the 12 months ended in July, however, the sales pace in Orange County tumbled 18.7%, whereas the decline statewide was 15%.
BUSINESS
October 10, 1989 | JOHN MEDEARIS, Times Staff Writer
The average resale price of a house in the San Fernando Valley inched up to another record of $311,900 in September, less than 1% higher than August's previous record of $311,000, the San Fernando Board of Realtors said on Monday. The latest figure marked an 18% rise from the $264,000 average resale price set in August, 1988. September's volume of house sales jumped 11% from August, reaching 1,025, compared to 923 in August.
BUSINESS
June 27, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Orange County's single-family resale housing market continued a nearly 18-month downward tumble in May as sales fell 17.2% from a year ago, the California Assn. of Realtors reported Tuesday. At the same time, the median price of a resale home in the county rose nearly 6%, to $256,990 from $242,677 a year earlier. The median price was 5% higher than April's $244,784, making Orange County the only one of the state's major urban areas to post both month-to-month and year-to-year increases.
BUSINESS
May 8, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
The average sale price of an existing house in the metropolitan San Diego area was $214,243 in April, down 2% from April, 1989, the first year-to-year drop in the monthly average since June, 1987. Although the price drop was minimal--the average April, 1989, sales price was $217,802--it was further evidence that the San Diego housing market has reached a plateau.
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