Why owners aren’t selling? Maybe they like their homes – Daily News

Why owners aren’t selling? Maybe they like their homes – Daily News

“Numerology” tries to find reality within various measurements of economic and real estate trends. Buzz: What if homeowners are simply not selling because they like their homes? Source: My trusty spreadsheet reviewed home transaction data from Attom tracking last year’s sales by length of ownership, price sold, and profits – the difference between sale and purchase … Read more

Southern California home prices take biggest 2-month dip in 12 years – Daily News

Southern California home prices take biggest 2-month dip in 12 years – Daily News

It was a weaker-than-average early winter for Southern California home prices. December and January are known for price dips as house hunters shy from closing on a home purchase around the holidays. My trusty spreadsheet tells me Southern California homes have averaged 2.2% declines during these two months since 1988. And historically speaking, that’s the … Read more

Upswing in California home prices continues – Daily News

Upswing in California home prices continues – Daily News

California home prices are on the rise, according to the S&P Case-Shiller Indices. The San Diego metropolitan area’s annual home price increased 8 percent in November. It was the second highest in the 20-city index for a third month, behind Detroit, which rose 8.2 percent. Los Angeles-Orange County prices rose 7.2 percent and San Francisco … Read more