Home prices on the rise in California
After a year of sizable improvements to home
prices nationwide, homeowners with properties for sale in Los Angeles
County may be more confident in their ability toÂ earn a profitable
amount when unloading their property. The latest report from the
California Association of Realtors found that higher home prices have
made the market less affordable, but this
indicatesÂ healthierÂ conditions.
CAR said that the percentage of
buyers who could afford to purchase a median-priced existing home in the
Golden State decreased to 48 percent in the final quarter of 2012, down
slightly from the previous quarter when 49 percent could afford a
property. This figure is also down from the fourth quarter of 2011, when
55 percent of residents could purchase a home comfortably.
the slight decline in affordability, the report noted that some markets
in Southern California, including Los Angeles County, Napa, Ventura and
Santa Cruz saw improvements on a quarter-over-quarter basis, but real
estate in Santa Barbara, San Francisco and Monterey counties saw notable
gains in home prices.
The state's median price was $353,190,
considerably higher than the national median. This required homebuyers
to earn a minimum income of $66,940 each year to qualify for a mortgage
in the last quarter of the year.
If you would like to purchase a property in Los Angeles or Valley area, call me today.
I will work
hard to assist you with the most important purchase of your life. Put
my experience to your benefit. Call me today to get started on your home
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If you desided it is time for you to sell your house, call me now!
I'll look out for your best interests, give you my professional
opinion, and skillfully negotiate the top price for your house andÂ the whole transaction for you. With my expertise, knowledge, research and my team of dedicated professionals, your home is as
good as sold.
Los Angeles/Valley Realtor, PSC, GRI. Specialization: Short Sales. # 01828994