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.
Southern California’s median home price fell more than 8 percent last month to $280,000 from May 2010, its largest year-to-year drop in 20 months.
Home prices and sales dipped in California from year-ago levels as “short sales” and sales of foreclosed homes accounted for more than half of home resales in the state.
A tracking firm says Southern California’s median home price was unchanged in February from its year-ago level of $275,000 and up less than two percent from $270,000 in January.
Southern California’s median home price increased less than 1 percent last month to $287,000 from November 2009, the smallest year-over-year increase since prices began to rise from their recession-era depths.
Southern California’s median home price increased just over 1 percent last month to $283,000 from October 2009, the smallest year-over-year increase this year.
Financial difficulty? Trouble paying the mortgage? You are clearly not alone.