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Steven Weinstock's Blog

By Steven Weinstock | Mortgage Broker
or Lender in Chatsworth, CA

Homes For Sale, Price Cuts Rise In April

The number of homes for sale in 27 major metropolitan areas was up 2.6 percent in April from a month earlier, according to ZipRealty. The figures, which cover all single-family homes, condominiums, and town houses listed for sale, showed April’s inventory down 9.6 percent from a year ago but doesn’t take into account the supply of potential foreclosures that may hit the market this year. Zillow.com reports the percentage of available homes that cut their asking price also rose. According to the website, nearly one in four homes dropped their asking price in April, though the median price cut was down to 6.3 percent from 6.5 percent in March. More here and here. Inventory data here.

Steven Weinstock
Broker/Owner
Secure Capital Mortgage
9520 Topanga Canyon Blvd., Suite #202
Chatsworth, CA 91311
Phone: 818-280-4271, ext. #201
Fax: 818-885-0381
Email: sweinstock@securecapitalmortgage.com
Website: www.securecapitalmortgage.com

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