•According to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), California’s distressed housing market is now just a fraction of what it was during the Great Recession, thanks to vastly improved home prices over the past five years. •In January 2009, 69.5 percent of all homes sold in California were distressed, which includes short sales and real estate-owned (REOs) properties. Five years later, that figure has shrunk to 15.6 percent. •During the same time period, California’s median home price has soared more than 64 percent from $249,960 in January 2009 to $410,990 in January 2014. Also, the statewide share of equity sales hit a high of 86.4 percent in November 2013 and has been above 80 percent for the past seven months.
Posted on: Mon, 17 Mar 2014 16:09:01 +0000
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