Foreclosure starts remain flat in California

Foreclosure activity in California was relatively unchanged in October compared with September, following a dramatic increase in August and a subsequent decline in September, according to a report by ForeclosureRadar. California foreclosure investors gained traction with 9.9 percent more properties sold to third parties in October, representing a record 28.8 percent of all foreclosure sales. …

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California home sales increase in October

Home sales increased 8.5 percent to a seasonally adjusted annual rate of 493,240 units in October compared with a year earlier, C.A.R. reported.  On a month-over-month basis, home sales in the state rose 0.9 percent. “Based on preliminary analysis, it appears that the lower conforming loan limits has had a cooling effect on home sales …

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New-home sales edge higher

New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market. The Census Bureau reported an annual sales rate of 307,000 new homes last month, up 1.3% from a downwardly revised rate of 303,000 homes in September. Compared to new home sales a year ago, October sales were …

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Housing starts rise in October

Single-family housing starts increased 3.9 percent in October to 430,000 units compared with September’s figure of 414,000, the U.S. Census Bureau and Dept. of Housing and Urban Development announced last week. You can view the report concerning the new residential construction in October 2011 by the government here: