Real Estate Weather Report for California

Pending home sales in California fell 1.7 percent in July, according to C.A.R.’s Pending Home Sales Index (PHSI)*.  The index was 117.0 in July, down from June’s index of 119.0, based on contracts signed in July. The index was up 4.9 percent from July 2010.  Pending...

Double Dip in Home Values?

 Concerns have arisen in recent months about the possibility of a double-dip in home prices. At present, this appears to be less likely for the California median price than the US median price. Here’s why… California Market The CA median fell by nearly 60...