Current Real Estate Market Stats

“C.A.R. closely monitors and analyzes trends in the residential real estate industry; the table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates” (www.car.org). Click here for PDF version Here’s the most current Market @ …

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California home prices at four-year high

The California Association of Realtors (C.A.R.) continued to report a shortage of inventory in September, which is limiting home sales but seems to be pushing up median home prices. According to C.A.R., the median home price in California is now at the highest level in more than four years. The statewide median price of an …

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California home prices reach 4-year high

Persistently declining for-sale home inventory helped push the median price of California homes up to its highest level in four years in August, according to a report by the CALIFORNIA ASSOCIATION OF REALTORS┬«. Closed sales of existing single-family homes in the Golden State also saw gains, rising 2.3 percent on an annual basis in August …

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New California Laws for Real Estate in 2013

Many of the significant upcoming laws are in the landlord-tenant arena, but other new laws involve foreclosures, HOAs, settlement agreements, smoke alarms, mobile home parks, and much more. Landlord Must Disclose Notice of Default to Prospective Tenants: Starting January 1, 2013, every landlord who offers for rent a residential property containing one-to-four units must disclose …

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