October 8, 2009 |
Home prices in California will increase slightly next year as buyers snap up foreclosures and other properties at the market's low end, the California Assn. of Realtors said Wednesday. At the same time, the number of purchases will decline slightly because there will be fewer of these foreclosures available. In its annual forecast, the Realtors group predicted that the median home price in California would rise 3.3% to $280,000 next year. Sales of houses and condominiums, it said, will decrease 2.3% to about 527,500.
April 8, 1997 |
Members of the Ventura County Assn. of Realtors held an open house recently to mark the relocation of their headquarters to an office on Solar Drive in Oxnard. But more than simply finalizing a change of residence, the ribbon-cutting put the final touches on a reshaping of the west county real estate community. The Realtors association is the product of a merger, earlier this year, of the Realtors associations of Ventura, Camarillo and Oxnard.
November 6, 2005 |
America's historic real estate boom is cresting, and the rate at which home prices appreciate should begin to slow significantly next year, according to the chief economic forecaster for the National Assn. of Realtors. It was the closest yet to an admission by the real estate industry that the bull market for housing may have run its course. "It's the peak of the boom," David Lereah said at the trade group's annual meeting, which ended here Monday. "But we're looking at a soft landing next year.
November 11, 2011 |
It's the silver lining of falling home prices: With low interest rates and cheaper housing, the percentage of Californians who could afford to buy a home increased in the third quarter, a real estate group said. The portion of households that could afford a home priced at the statewide median of $292,120 rose to 52%, up from 51% in the previous quarter, according to an index released Thursday by the California Assn. of Realtors. Beth L. Peerce, president of the group, said that one problem potential home buyers could face is tight credit.
November 25, 2009 |
California single-family home prices fell 3.2% in October from a year earlier, helping lift sales, the state Association of Realtors said. The median price for an existing, detached house fell to $297,500 from $307,210 a year earlier, the Los Angeles-based group said today in a statement. Prices gained 0.3% from the previous month, the association said. Sales of existing houses climbed 1% in October from a year earlier, the Realtors group said. The state is on pace to record 562,400 sales in 2009, based on the rate of transactions last month.
February 24, 2008
If there were a silver lining in the high foreclosure rate caused by the sub-prime mess, perhaps it might be that these now-vacant homes could be sold as affordable housing. ("Realtors group finds a silver lining," Feb. 20.) Just as communities require developers to set aside many new units to be sold as below-market housing, so also should communities require banks that foreclose [on properties] to sell the homes at below-market prices with a special emphasis on providing homes to public servants such as teachers, police and firefighters.