Equity sales hit five-year high; pending home sales post monthly gain as the housing market enters the spring buying season
C.A.R.’s Pending Home Sales Index (PHSI)* rose 14.8 percent from a revised 110.1 in February to 126.3 in March, based on signed contracts. Pending sales were down 7.5 percent from the 136.5 index recorded in March 2012. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.
LOS ANGELES (Jan. 15) – California home sales and prices both posted gains in December, with the median price posting strong double-digit gains for six straight months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
California pending home sales up in August but down from a year ago; equity sales reach highest level in four years
A continued lack of housing inventory and slowing economy sent California pending home sales lower in June, but pending sales were still higher than the previous year for the fourteenth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
On August 25, 2009, The S&P Case-Shiller Home Price Index indicated the the home sales prices are moderating at a faster rate than expected.
No one will know when the bottom has hit until it has already turned around. We are already beginning to see positive indicators on many fronts and with the rise in consumer confidence people are once again out buying.
This law requires a real estate licensee to disclose his or her DRE license number on all “solicitation materials intended to be the first point of contact with consumers” and on real property purchase agreements when acting as an agent in those transactions.