Tara Wells listed her Van Nuys home on July 5. Within days she was in escrow.
California home sales are continuing to rise and so are prices, especially in the San Francisco Bay Area, thanks to job growth and low mortgage rates and despite tight supply.
California home prices climbed to a new 7 1/2-year high in April as low interest rates and job growth lured buyers, a research firm said Thursday. Sales were brisk.
The median sales price of $383,000 was up 2 percent from March and 18 percent from April of 2013.
A research firm says California home foreclosure starts increased from January through March after plunging to an eight-year low in the previous quarter.
California home prices surged to a six-year high in March amid lackluster sales at the start of the traditional buying season, a research firm said Wednesday.
Construction on new Southern California homes is lagging, and that’s driving up prices for would-be middle-class homebuyers amid a reduced inventory.
Southern California home prices reached a 70-month high in December as sales fell and buyers competed for scant inventories, a research firm said Tuesday.
California housing prices cooled in September as inventories grew and investor interest waned, a research firm reported Thursday, offering fresh evidence that the market is taking a breather after a torrid spring and summer.
Southern California’s recovering housing market remains red-hot, with sales hitting an eight-year high for July.
Southern California home prices rose in May at the fastest annual clip in nearly nine years as investors and cash purchasers competed for a thin supply of properties for sale, a research firm said Tuesday.
Southern California home sales continued strong last month as investors snapped up mid- to high-end homes, though it was unclear whether the rebound will continue through the year, real estate research firm DataQuick reported Wednesday.
California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday.
Southern California home prices hit a four-year high in August as buyers snapped up more expensive properties along the coast and sales of foreclosed properties kept drying up, a research firm reported Thursday.
Southern California home prices increased in April as the supply of properties for sale — especially low-cost homes in foreclosure — remained tight, a research firm said Wednesday.