Golden State Records Drop in Home Sales

Home / Daily Dose / Golden State Records Drop in Home Sales  Print This Post February 18, 2019 1,152 Views Sign up for DS News Daily Golden State Records Drop in Home Sales Share Save Tagged with: Andrew LePage California CoreLogic Home Sales Andrew LePage California CoreLogic Home Sales 2019-02-18 Donna Joseph in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Related Articles The Best Markets For Residential Property Investors 2 days ago Home Sales in California downshifted harshly in December 2018—reflecting a seven-year high for mortgage rates the prior month, more stock market volatility and a continued hold-out by some would-be buyers who are hoping it will pay to wait—according to Andrew LePage, Professional, Research Analyst at CoreLogic. The report titled “California’s Year Over Year Drop in Home Sales Largest in Eight Years”, LePage noted that the 2 percent annual gain in the median sale price in December was the smallest in nearly seven years. This, however, understates the affordability challenge many would-be buyers face. The monthly principal-and-interest mortgage payment on the state’s median-priced home in December 2018 was up 10.7 percent compared to the previous year around the same period. LePage noted that this is because of a nearly 0.7-percentage-point gain in mortgage rates over the prior year.Per CoreLogic’s estimate, approximately 30,697 new and existing houses and condos were sold statewide in December 2018—recording the lowest sales tally for a December in 11 years. CoreLogic public records data shows that December 2018 sales dropped by 8.4 percent from November 2018 and fell 20.2 percent from December 2017. The report found that last December’s 20.2 percent year-over-year sales decline was the steepest for any month since October 2010, when sales fell 23.2 percent. The drop in sales occurred at all price levels, it indicated. The median price paid for all new and existing houses and condos sold statewide in December 2018 was $475,000, declining 3.1 percent from November and recording an upward spike from 2.0 percent from December 2017. In nominal terms, California’s median sale price hit an all-time high of $500,000 in June 2018. “Stock market volatility creates a headwind for high-end activity. Market corrections can spook high-end buyers and leave some with inadequate funds to cover down payment and closings costs,” LePage said. The other highlights for December 2018 revealed that in the six-county Southern California region, 15,781 new and existing houses and condos sold in December—dropping by 20.3 percent year over year. December’s median sale price was $515,000, up 1.1 percent year over year. The nine-county San Francisco Bay Area recorded sales of 5,341 new and existing houses and condos, down 21.6 percent year over year. December’s median sale price was $785,000, up 4.6 percent year over year.CoreLogic data suggest that some of the state’s more affordable counties logged annual gains in total sales or relatively small annual declines in December 2018. However, there were also some relatively affordable counties that experienced annual sales declines more in line with the coastal regions. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Bridging the Gap in Black Homeownership Next: The Great Fall of Mortgage Delinquencies Subscribe read more

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Castlegar’s Hadley scores to help Canada West win World Jr. A Challenge gold Sunday in Langley

first_imgCastlegar’s Aaron Hadley scored once and former B.C. Major Midget star Alex Kerfoot had two points to lead Canada West to a 4-2 win over rivals Canada East in the final of the 2011 World Junior A Challenge Sunday in Langley.It’s the first time Canada West has won the gold medal since doing so in 2007 at the tournament hosted in Trail and Nelson.Kerfoot, who led the BCMMHL in scoring last season with the Vancouver Northwest Giants and is now a member of the BCHL’s Coquitlam Express, set up Evan Richardson for the game’s first goal.Kerfoot then scored an unassisted marker minutes later to give Canada West at 2-0 lead.Canada East, with first and second period goals, tied the game before Hadley and Carsen Cooper, with the winner, scored in the third to give Canada West the victory.Canada West ran the table in the playoffs after struggling during the preliminary round, Czech Republic 4-1 in quarterfinal play before upsetting Sweden 2-1 in overtime during semi final action.Canada East defeated Team USA 4-2 to advance.Following the game, Kerfoot and Canada West goaltender Sean Maguire (Powell River, B.C./Powell River, BCHL), along with Canada East forward Devin Shore (Ajax, Ont./Whitby, OJHL) and defenceman Kevin Lough (Ottawa, Ont./Cumberland, CCHL), U.S. forward Mario Lucia and Swedish defenceman Ludwig Bystrom were named to the tournament all-star team.Castlegar’s Hadley finished the tournament with three goals while West Kootenay teammate, Travis St. Denis, who plays for Penticton of the BCHL, had a goal and an assist.last_img read more

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