California Home Sales Down 7% in December

BuilderOnline

Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December, the California Association of Realtors ® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 411,230 units in December, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.

Read More

Previous The New Home Company Announces Amethyst, First-of-its-Kind Residences in Irvine’s Great Park Neighborhoods
Next City of Industry’s Plans for 2,450-Acres of Pristine Ranch Land are a Mystery

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

Single-Family Starts Strong in December

The seasonally adjusted annual pace of single-family starts came in at 728,000 units for December. This figure is the highest level since March 2008 and a positive sign for the,

Housing Market

Corelogic’s 2015 Housing Outlook

For 2015, Corelogic sees the lower-end / first-time homebuyer market taking primacy over the higher-end price category as employment growth strengthens, particularly among the first-time homebuyer age group. As a

Housing Market

Zelman’s Look at Multigen

By John McManus For residential developers and volume builders, the future is the present. To recognize a budding population pattern, and model correctly how that pattern will play out over