Southern California home prices flat, sales tumble in February | Cross River Real Estate

-

Southern California home prices held steady last month while sales tumbled to a six-year low, further evidence that the market has stalled after a torrid rebound.

The median home sale price in the six-county Southland inched up 0.8% from January to $383,000, research firm DataQuick said Wednesday. Prices shot up in the first half of 2013, but the region’s median has been about the same since June.

Still, the February median price was 19.7% higher than the same month in 2013 because of rapid price gains early last year.

Buyers scooped up 14,027 new and resale condos and houses in February, 12% fewer than a year earlier. It was the fifth consecutive month that sales fell compared with the previous year.
Sales were the lowest for a February since 2008.

Sales continued to fall even though buyers have more homes to choose from. Though inventory remains tight across Southern California, there were more homes for sale in January than a year earlier, according to Realtor.com.

In the Inland Empire, which includes San Bernardino and Riverside counties, listings rose 30.5% compared with January 2013. In Los Angeles County, listings rose 3.4%.

 


http://www.latimes.com/business/money/la-fi-mo-home-prices-20140312,0,1459124.story#ixzz2vxc9kDEd

Comments

Post a Comment

Popular posts from this blog

Four Regional Banks Discuss Settlement Over Foreclosures | Waccabuc Real Estate

-
Image
U.S. state attorneys general are pressing four banks to accept a legal settlement over botched foreclosures similar to a deal reached with larger competitors this year, according to three people briefed on the matter. U.S. Bancorp (SFBC) , PNC Financial Services Group (PNC) Inc., SunTrust Banks Inc. (STI) and HSBC Holdings Plc (HSBA) have held talks with state and federal officials who investigated claims that loan servicers mishandled foreclosure documents, according to the people, who spoke on condition of anonymity because the talks are private. U.S. Bancorp Said to Join PNC in Talks on Mortgage Settlement Jeff Kowalsky/Bloomberg Mortgage servicers typically handle billing and collections, as well as foreclosures when borrowers fail to pay. Neil Brazil , a spokesman for HSBC’s North America unit, said in an e-mail that the London-based lender has conducted “preliminary discussions with its bank regulators and other ...
Read more

Bedford Corners Real Estate by Robert Paul | 3 Perks of Google+ for Doctors: Spend a Little Time, Make Big Online Marketing Gains

-
Image
For doctors trying to reach their patients online, using Google+ can provide surprising marketing benefits that help them be more “findable” on the web. Consider that 44 percent of all Internet users search online to find information about health professionals, and suddenly the importance for doctors of having a good online presence should be more clear. In this article I’ll discuss three reasons why I think that, if you participate in Google+, the newest social network, you can improve the chances your name will come up when prospective patients search for something you’ve written about. If you’re not a doctor but you do know that many prospective clients use the web as a way to find you and your competitors, this article will also be relevant to you. 1. Rise in the Rankings First, participating in Google+ gives doctors an advantage because content you share on Google+ has an “edge” against other stories. That’s right–Google (the search engine) likes stories that’ve gotten sha...
Read more