California Real Estate Market as of August 2012 Part 2

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Real Estate Agent with Home Smart Evergreen Realty Calbre Lic 01200694

8.- Low Interest Rate combined with Low Home Prices. result in more affordable homes in the market

 

9.- Average Credit Score increased 26 points since 2005 for Purchase Loans

 

10.- Percentage of Equity Sales as of August 2012 is: 62.2%. Short Sales 23 % and Reos 14.4%

 

11.- Share of Equity Sales has been trending upward since Early 2012

 

12.- California Median Home Prices as August 2012: $ 343,820  Up 15.5% Year to Year

 

13.- Unsold Inventory as of August 2012: 3.2 Months

 

14.- Low Inventory Pushing Prices Upward in Reos and Equity Sales

 

 

 

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