California Real Estate Market as of August 2012 Part 2

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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Alberto Pacheco

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