2012 Market Data from Leslie Appleton Young, Chief Economist, California Association of Realtors Hosted by Tom Wilson, Wilson Investment Properties Guest on the show – Richard Crouch, Realtor through August as discussed on KDOW Courtesy of Richard & Kandis
How is the Market?
California Real Estate
SOURCE: California Association of Realtors ®
Share of Equity Sales Trending Upward Since Early 2012 SOURCE: California Association of Realtors ®
California Equity SOURCE: Core Logic 71% with Equity
Median Price of Existing Detached Homes SOURCE: California Association of Realtors ®
Unemployment Heading Down: At 3-year Lows SOURCE: CA Employment Development Division
California Employment California Added ~300k Jobs from August 2011 to August 2012 SOURCE: CA Employment Development Division Month-to-Month Changes
Consumer Confidence Things are Getting Better SOURCE: The Conference Board
California Prices SOURCE: California Association of Realtors ® California Prices Over-Shot the Trend Line Snapping Back Slowly
Housing Affordability SOURCE: California Association of Realtors ® California Remains at a Record High But continues to trail the U.S.
Mortgage Rates SOURCE: Federal Home Loan Mortgage Corporation At 50-year Lows
Tighter Lending
Low Inventory SOURCE: California Association of Realtors ® Pushing Prices up
Multiple Offers SOURCE: California Association of Realtors ® Highest in the past 12-years
Investment Properties SOURCE: California Association of Realtors® 17% 83% Investment to Flip Rental Property
Cash Buyers SOURCE: California Association of Realtors® Almost 1/3 of Buyers Paid with All Cash
Bay Area Local Real Estate
Sales of Existing Detached Homes SOURCE: California Association of Realtors® August 2012: 4,255 Units Up 9.2% Year-To-Year
Sales by County SOURCE: California Association of Realtors®
Distressed Properties SOURCE: California Association of Realtors®
Moving Forward California Real Estate
Housing Forecast SOURCE: California Association of Realtors®
Pent-Up Housing Demand is Looming SOURCE: California Association of Realtors®
Construction The Numbers are Improving SOURCE: CA Employment Development Department