Home values in most U.S. markets continued to decline in the first quarter of 2010, according to  the Zillow Home Value Index which decreased 3.8 percent year-over-year, and 1 percent quarter-over-quarter. However, home values in several California markets showed signs of improvement, according to the report.
Housing market conditions varied across the country, with 106 of [...]

Sales in new-home communities of 10 units or more in California declined 12 percent in January compared with a year ago, according to the monthly California Building Industry Association (CBIA)/HanleyWood Market Intelligence report (HWMI).  Though still at a lackluster pace, the decline was less steep than the 15 percent year-over-year decrease experienced in December, according [...]

The median home price of an existing single family home in California rose 14.1 percent to $279,840 in February compared with February 2009 and home sales decreased 11.7 percent during the same period C.A.R. reported yesterday. 
“The federal tax credit for home buyers, low mortgage rates, and affordability at record levels have contributed to an [...]

Attorney General Edmund G. Brown this week closed two fraudulent foreclosure-assistance companies–U.S. Foreclosure Relief Corp. and H.E. Servicing, Inc.–and secured a court judgment of more than $1 million in restitution for homeowners who paid upfront fees for nonexistent loan-modification services. Under the judgment, a court-appointed independent receiver will oversee the repayment program, which will be [...]

The California legislature on Monday passed AB 183, providing $200 million for home buyer tax credits. The Governor is expected to sign the bill into law this week. C.A.R. supported this important legislation since its inception.  Part of a package of four bills passed at the request of the Governor, AB 183 is designed to [...]

Roughly one in every seven mortgages either was past due or in foreclosure by the end of the third quarter—the highest delinquency rate in the 37-year history of the Mortgage Bankers Association’s National Delinquency Survey.  Two factors are expected to drive delinquencies even higher next year: Underwater homeowners and unemployment.  Nearly one in four homeowners [...]

Median home prices and sales in California both increased in November in year-to-year comparisons, according to a recent report released by the California Association of Realtors.
The median home price of an existing, single-family home rose 5.8 percent in November compared with a year ago, the first time the median home price has increased in year-to-year [...]

Consumer confidence declined to a new all-time low of 38 (1985=100) in December after posting a modest increase the previous month when it stood at 44.7, according to a report released yesterday by The Conference Board. The Board’s Present Situation Index fell to 29.4 in December compared with 42.3 last month and its Expectations Index [...]

According to October’s S&P/Case-Shiller Home Price Index released today, the prices of existing single family homes across the United States showed continued broad based declines, with 14 of the 20 metro areas showing record rates of annual decline and 14 now reporting declines in excess of 10 percent compared with October 2007. The 10-City and [...]

The Pace of home sales at California new-home communities was extraordinarily slow in October, primarily due to the global credit crisis, according to a recent California Building Industry Association report.
The monthly CBIA/Hanley Wood Market Intelligence (HWMI) New Home Sales and Pricing Report showed that new home sales in October were 63 percent below October 2007. [...]