California Home Statistics update:

By
Real Estate Broker/Owner with Independent Real Estate Broker DRE#00972295

According to the C.A.R. statistics, more people can afford to buy a home now than back in the “buying frenzy of 2005! Why are you not buying?

Calif. median home price back May 2005 it was at $522,590.

Today (May 2008), it is at: $384,840

Calif. First-time Buyer Affordability Index – First Quarter 2008: 44 percent

Just the previous year

May 2007 it was at 25 percent

June 2006 it was at 23 percent

June 2005 it was at 16 percent

Affordability Index Now is at 44%

and median home price $384,840

Wow!  

According to the C.A.R. statistics, more people can afford to buy a home now than back in the “buying frenzy of 2005!

Then why are you not buying?

What is your greatest fear?

Interested rates are still low, home prices are lower than they were three years ago!

Why are you not buying?

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For a free list of Bank Owned and Government Owned Properties visit my website:

http://reolicensedspecialist.com

 

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Posted by

Aida Pinto (562) 884-6196
Los Angeles County
Real Estate Broker



The Real Estate Maven : https://www.facebook.com/aRealEstateMaven?ref=hl

 

Short Sale, Probate and standard real estate expert.

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Aida Pinto

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