Cash Purchases of California Homes Hit Record in 2012 By Alejandro Lazo Who needs a mortgage when you have greenbacks to spare? Not the wealthy, and certainly not investors, both of whom appear to be saturating California’s real estate market these days. The latest sign: Cash purchases of homes in the Golden State hit a record last year, accounting for 32.4% of all home sales. “It’s clear that a lot of today’s housing market recovery is being fueled by ... [Read more]

Real Estate Analyst Predicts A 20 Percent Increase In Median Home Prices In California During The Next Year By: Bruce Norris Remember the days when residential real estate gained equity each year? It’s happening again in California, and a year from now homeowners could see as much as a 20 percent increase in the median price of homes across the state, according to Bruce Norris, a Riverside-based real estate a ... [Read more]

Last year was probably one of the most affordable years ever to buy a house as prices bottomed and mortgage interest rates hit record lows.The National Assn. of Realtors reported that 2012 will probably go down as a record year for housing affordability, according to its affordability index. That measure, which is calculated based on the median home price, family income and the average mor ... [Read more]

Home buyers’ optimism contributes to recovering housing market, C.A.R. survey finds In a sign of an improving housing market, California home buyers are more optimistic about the housing market now than they were three years ago, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 Survey of California Home Buyers.” More home buyers this year believe that home prices will rise, with 25 percent saying prices will rise in one year; 41 percent ... [Read more]

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   California real estate is back! That is what the newest data from the National Association of Realtors is signaling for the third quarter of 2012. The Western regional sales were the biggest driver of the total 7.6% U.S. gain in the median home price of existing single-family homes located in major metropolitan areas. On a sequential basis, this same measurement was up 2.6% nationally from the second quarter of this year. Huge snap-backs in Arizona le ... [Read more]

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