09/24/2021

News

Flippers, Move-Up Buyers Flock to Sacramento Market, Foreclosures Down

Flippers and move-up buyers are out in force, and foreclosures are shrinking to an increasingly minor part of Sacramento’s housing market, DataQuick said Thursday.

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Bay Area Home Prices Keep Going Up, Hit 5-Year High

Bay Area single family home prices continued a skyward climb in May, reaching their highest level in more than five years, according to a report Thursday. Median sales prices in the sizzling market were given an upward nudge in the East Bay, Peninsula and South Bay by multiple offers for a scant supply of houses for sale and by a change in the market mix to favor higher-priced homes, said real estate information company DataQuick.

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Foreclosures Down In California, Up In Nevada

Foreclosure listing service RealtyTrac says “notices of default,” the first stage of the foreclosure process, went up by just over 3% from April to May. RealtyTrac’s Daren Blomquist says it was the fourth straight monthly increase. But Blomquist says it’s not a sign of any new problems in California’s housing market.

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Southland home prices soar 24.7% in May from a year earlier

Southern California’s housing recovery surged last month as buyers scrambled for a short supply of homes.

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Late-payment rate on mortgages tumbles in 1Q

LOS ANGELES (AP) — A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.

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Where have home prices risen most in the Bay Area? You’ll be surprised

Home prices are shooting up across the nation with the Bay Area leading the pack — but which submarket has soared the most? Oakland.

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Number Of Homes Entering Foreclosure Plunges in California

The number of California homes entering foreclosure plunged in the first quarter, the result of an improving economy, rising home prices and strict new state regulations on lenders.

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L.A. Builder KB Home Narrows Loss As Home Building Ramps Up

Los Angeles homebuilder KB Home, one of the largest production homebuilders in Southern California, narrowed its loss to $12.5 million in the first quarter as the outlook for new construction improved.

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Lumberyards Bustling Again As Housing Market Improves

Even before dawn breaks, workers at the lumberyard in Lynwood were bustling around, getting a move on the day. Men in yellow safety vests drove flatbed trucks stacked to the brim with planks of wood. Others were buzzing around in forklifts, ferrying more boards.

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California’s Foreclosure Drop – Too Good To Be True?

As an epicenter of the nation’s worst housing bust in recent history, California remains an important bellwether for the housing market recovery. So when news that foreclosure starts in the beleaguered state plummeted to an 87-month low in January, industry watchers took notice.

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California Home Ownership Continues Slide, Now Second Lowest

California’s rate of homeownership continued a years-long slide in 2012 and is now the second lowest in the nation, according to a new Census Bureau report.

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Comeback for California Housing Prices

Heralding continued strength in the housing market locally and nationwide, home prices in major California cities jumped considerably year-over-year, according to data released Tuesday.

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California’s housing market finishes 2012 on a high note

California’s median home price struck a four-year high for a December, indicating housing will probably continue to mend in the new year.

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