Sales Pace Surge and Price Appreciation in SoCal
The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000 in March, a 2.4% gain over the $415,000 median price in February. The number of home sales increased by 11.4% from the year ago period. With supply in Los Angeles, Orange and San Diego Counties at approximately four months (six months is considered a balanced market), low inventory could push prices higher in the face of increased demand.
About author
You might also like
Once-Hot Apartment Construction Cooling as U.S. Housing Engine
Faster apartment building was instrumental in pulling the U.S. housing market out of its slump a decade ago.
Easing Mortgage Standards
Mortgage standards appear to be loosening in what will be a critical factor in aiding the housing recovery. After a period of tight standards in the wake of the housing
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