v.19 n. 12 – Released March 18, 2015
v.18 n. 39 – Released October 7, 2014
v.18 n. 34 – Released August 25, 2014
v.18 n. 33 – Released August 18, 2014
This Week’s Headlines:
Events of Interest
v.18 n. 32 – Released August 11, 2014
This Week’s Headlines:
Events of Interest
v.18 n. 31 – Released August 4, 2014
This Week’s Headlines:
Events of Interest:
This Week’s Headlines:
Events of Interest
California Home Sales and Median Prices in June
The California Association of Realtors released their report on California existing home sales and median prices in June. After increasing by double-digit rates for 23 months, the statewide median price rose over the 12 months ending in June by just 6.6% to $457,160. This may be in indication that median home prices are beginning to stabilize – a positive development for the housing market recovery.
California home sales fell for the eleventh consecutive month, declining by 4.8% to 394,930 units in June seasonally adjusted, annualized rate compared with the same period last year. June also marked eight straight months of home sales below 400,000 units. This might not be all bad: If monthly sales during the previous boom period 2003-2005 are removed from the calculation, the long run average sales figure is 392,000 compared to 413,500 for the entire 1990-present period, slightly lower than the recent sales pace. On a more positive note, the rate of decline in home sales is slowing, possible the result of lower interest rates and more inventory moving on to the market.
This Week’s Headlines:
Events of Interest
Dispatches From The Front 