Friday, April 18, 2014

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Mariposa County Real Estate

Mortgage activity ticks up in March but at lowest level since 1997
Mortgage applications for new home purchases in March increased by 15% over February, the Mortgage Bankers Association’s builder application survey shows. This bit of good news comes on the heels of news from the MBA that lenders have made a mere $226 billion of mortgages in the first quarter of 2014, which is the lowest amount since 1997 and not even one-third of the pre-crisis, 2006 average pace.
Read More at Housing Wire...


Sierra Foothill Homes in Mariposa, California

CALIFORNIA ASSOCIATION OF REALTORS Report California Home Sales Lose Momentum in February 2014
LOS ANGELES (March 17,2014) – California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 361,210 units in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.  February marked the fourth straight month that sales were below the 400,000 level and the seventh straight decline on a year-over-year basis.

California Home Sale Prices Continue Rising During January 2014
February 13, 2014 - An estimated 25,832 new and resale houses and condos sold statewide last month. That was down 26.1 percent from 34,949 in December, and down 10.5 percent from 28,871 sales in January 2013, according to San Diego-based DataQuick.

California Foreclosure Starts Dipped to an Eight-Year Low During October - December 2013
January 21, 2014 - La Jolla, CA.--The number of California homeowners pulled into the formal foreclosure process dropped to an eight-year low last quarter, the result of an improving economy, foreclosure prevention efforts and higher home prices, a real estate information service reported. A total of 18,120 Notices of Default (NoDs) were recorded by lenders and their servicers on California owners of houses and condos during the October-through-December period. That was down 10.8 percent from 20,314 for the prior quarter, and down 52.6 percent from 38,212 in fourth-quarter 2012. Last quarter's tally was the lowest since 15,337 NoDs were recorded during fourth-quarter 2005. NoDs peaked in first-quarter 2009 at 135,431. DataQuick's NoD statistics go back to 1992.

California December 2013 Home Prices Continue Upward Trend  
An estimated 34,949 new and resale houses and condos sold statewide last month. That was up 4.5 percent from 33,429 in November, and down 12.1 percent from 39,760 sales in December 2012, according to San Diego-based DataQuick. December sales have varied from a low of 25,585 in 2007 to a high of 66,503 in 2003. Last month's sales were the lowest for a December since 2007 and were 19.7 percent below the average of 43,547 sales for all the months of December since 1988, when DataQuick's statistics begin. California sales haven’t been above average for any particular month in more than seven years.

CALIFORNIA ASSOCIATION OF REALTORS Reports California Pending Home Sales Decline in November 2013
LOS ANGELES (Dec. 23, 2013 ) – Seasonal factors, combined with shrinking housing affordability, cooled California pending home sales from both the previous month and year in November, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Pending home sales data: California pending home sales fell in November, with the Pending Home Sales Index (PHSI)* dropping 13.6 percent in November to 93.8, down from a revised 108.6 in October, based on signed contracts.  The monthly decline was the first double-digit drop in nearly a year.  Pending sales were down 9.4 percent from the 103.5 index recorded in November 2012.  Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market. 


Daily and Company Real Estate

Foster True Value in Mariposa

Inter-County Title Co. in Mariposa

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