C.A.R. reports sales decrease 27.8 percent in April, median price of a home in California at $597,640, up 6.2 percent from year ago - 05/31/07 11:07 PM
LOS ANGELES (May 25) - Home sales decreased 27.8 percent in April in California compared with the same period a year ago, while the median price of an existing home increased 6.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
"April sales fell in part because of tighter credit standards and growing concerns about the impact of subprime loans on the market, " said C.A.R. President Colleen Badagliacco. "Throughout the state inventory levels have increased to their highest levels in recent years, giving buyers more time to view a greater variety of homes and sellers who set realistic prices an edge … (0 comments)

Total Housing Starts Drop 24 Percent in April Big declines in four key areas account for most of the fall-off - 05/31/07 11:06 PM
A table listing housing starts by type and by metro area is available on the CBIA Web site. Need a local contact? See our list of local BIA/HBA media contacts in your area.   SACRAMENTO - Total housing starts in California in April dipped well below production levels in March, falling 24 percent, the California Building Industry Association announced today.  Construction on both single-family and multifamily homes lagged behind last month's production levels and also trailed when compared to the same period one year ago.   In April, permits were pulled for 7,174 single-family homes statewide, down nearly 11 percent from … (0 comments)

Court of Appeal rules against attorney David Barry, says claims against C.A.R. were “fatally defective” - 05/23/07 08:58 PM
Case moving forward to discovery and litigation phases
LOS ANGELES (May 23) - The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced that the Court of Appeal, Fourth Appellate District, Division One has again ruled in favor of C.A.R. in its malicious prosecution complaint against attorney David Barry and plaintiff Arleen Freeman.
"Here, any reasonable attorney would have recognized the claims asserted in Freeman III were fatally defective on a whole host of grounds," said Presiding Justice  Benke of the Court of Appeal, Fourth Appellate District, Division One in the unpublished opinion. "No reasonable attorney, conversant on any level with the holding in Freeman … (0 comments)

C.A.R. reports entry-level housing affordability at 25 percent in California - 05/23/07 08:55 PM
LOS ANGELES (May 17) The percentage of households who could afford to buy an entry-level home in California stood at 25 percent in the first quarter of 2007, compared with 26 percent for the same period a year ago, according to a report released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
C.A.R.'s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being for first-time buyers in … (0 comments)

FORECLOSURE ACTIVITY DIPS 1 PERCENT IN APRIL - 05/17/07 03:04 AM
Foreclosure Filings Still Up 62 Percent From April 2006 IRVINE, Calif. - May 15, 2007 - RealtyTrac®, today released its April 2007 U.S. Foreclosure Market Report, which shows a total of 147,708 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported during the month, down about 1 percent from the previous month but up 62 percent from April 2006. The report also shows a national foreclosure rate of one foreclosure filing for every 783 U.S. households during the month.
RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 900,000 … (4 comments)

 

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