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Tag Archives: For-Sale Homes

Once Common Loan Products Not So Common in Southern California

The Southern California housing market continues to inch slowly toward recovery with a 5.1 percent increase in home sales year-over-year in April and the first year-over-year price increase reported in 16 months, according to DataQuick, a San Diego-based analytics firm. However, the market still relies heavily on investors as credit remains tight. Previously common mortgage loan products continue to make up a much smaller percentage of the market than they did over the last several years, according to DataQuick.

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Asking Prices for For-Sale Homes Up in April

Homes for sale saw their asking prices tick up 0.5 percent in April, more than in March, according to Trulia. Asking prices climbed quarter-over-quarter by 1.9 percent, while price increases unadjusted for seasonality went up 4.8 percent. Prices for for-sale homes also went up 0.2 percent nationally. Miami and Phoenix saw the biggest increases among asking prices, with figures up by more than 15 percent year-over-year. Forty-four of the 100 largest metro areas observed year-over-year price increases, while pickups took place in 92.

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