California Home Market Ranks 3rd

Posted by admin on November 30, 2010 | Be the First to Comment

 Although the percent gain year over year continues to be modest, California is beginning to see signs of housing stability and home buyer confidence.  We know that the California housing market was the first to head during this downturn and fully expect California to lead the charge into recovery.  The numbers represent all of California, but we know that the Southern California market, those including San Diego and San Marcos.

An excerpt of the article is below, but can be found at http://lansner.ocregister.com/2010/11/19/calif-3rd-best-u-s-home-market/88918/ in it’s entirety.

“California had the nation’s third-best housing market in September, CoreLogic reports. Of course, things are worrisome if third best means a gain of 0.86 percent in a year — yes, less that a full percentage point!

Tops on the list for year-over-year price gains for all transactions — distressed sales, included — was New York (up 2.67 percent) then North Dakota (a 1.73 percent gain.) After California came Nebraska (+.78 percent), and Virginia (+.77 percent). Note:  California ranked No. 6 in August!

The bottom? Idaho (-14.04 percent), Alabama (-8.9 percent), Mississippi (-8.3 percent), Florida (-7.68 percent) and New Mexico (-7.47 percent).

Nationwide in September, CoreLogic clocked home prices declining 2.79 percent, year over year.”

To view other new homes in North San Diego, visit the FieldStone Homes website for new home communities in Orange and San Diego Counties.