California Home Sales:
Foreclosures Decline Again
California Home Sales Numbers Show Foreclosures Down While Prices Climb Again
RealtyTrac shows more good numbers for the California home sales market. The first quarter of 2013 shows that foreclosed properties made up 30% of the market, down from 40% a year ago.
Here's an article from "The Westside Story" that will fill you in on the numbers:
"The number of foreclosed home sales in the state of California went down while the median sales price increased. The news came from Realty Trac, a real estate tracking service. The firm said 30 percent of California sales in the first quarter of 2013 …The Westside Story"
Rising Prices In California Home Sales Market Help Some Avoid Foreclosure
Some homeowners who were looking at foreclosure have been assisted out of their situation by rising prices. They were either able to re-finance or sell their homes because they now had equity as the price floor rose beneath them. There are stiill a lot of foreclosures in the California home sales market. In fact, the state is still #3 of the states with the highest percentage, but the numbers are moving in the right direction.
California Home Sales.