Southern California’s housing market continued to get stronger in May. Sales were up 4.9 percent compared with May 2014, although they were down 1.7 percent from April, according to data released Wednesday by CoreLogic in Irvine. Year-over-year sales have now been up for four consecutive months, after being down for …
Read More »Number of underwater homes shrinks
Nearly 255,000 mortgaged properties in the United States regained equity during the first quarter of this year, according to a report released Tuesday. Nationwide, the number of mortgaged residential properties at the end of the first quarter of this year totaled 44.9 million, or roughly 90 percent of all mortgaged …
Read More »State home sales stay up
Seasonally adjusted single-family home sales topped 400,000 in May in California, their second-highest level in nearly two years. Sales of existing, single-family detached homes statewide totaled a seasonally adjusted 423,360 units last month, down 1.1 percent from April but up 8.9 percent compared with May 2014, according to data released …
Read More »Builders like housing market
Home builders this month expressed strong confidence in the market for new, single-family homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which was released Monday, rose to 59 this month, the highest the index has been since last September. The monthly survey, which is seasonally adjusted, measures …
Read More »Home cash sales drop
Cash sales in the national housing market declined again in March. Overall, 34.6 percent of the housing sales during the third month of the year were cash transactions, down from 39 percent in March 2014, according to a report released Thursday by CoreLogic in Irvine. The year-over-year percentage of cash-related …
Read More »Foreclosures down considerably
Foreclosures fell significantly across the country, in April, another sign that the housing market is returning to health. The foreclosure inventory dropped nearly 25 percent, and completed foreclosures dropped 19.8 percent between March and April of this year, according to data released Tuesday by CoreLogic in Irvine. Nationwide, there were …
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