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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Fastest pace for O.C. home market since 2005

The Orange County Register posted a report yesterday, by Steve Thomas of ReportsOnHousing.com.  His report shows that the 2012 home shopping season so far has both rising buyer activity and owners willing to list their properties. All information is from Steve Thomas’ article on OCRegister.com: “Fastest pace for O.C. home market since 2005.” Steve Thomas …

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Pending Home Sales Highest in Over a Year-and-a-Half

Pending home sales continued to rise in November, reaching their highest level in 19 months, the National Association of Realtors (NAR) reported late last week. The trade group’s index of signed sales contracts jumped 7.3 percent between October and November and is 5.9 percent above its level a year earlier. The last time the index …

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Housing market strengthening slowly

The year 2011 is ending on a high note as economists anticipate some signs of recovery ahead. Prices appear to be reaching their trough, visible supply is on the decline, and banks are beginning – just slightly – to loosen lending standards, according to a fourth-quarter report from Capital Economics. However, Capital Economics warns these …

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