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Nevada County Fair Competition Handbook Now Available

  Book includes all the information you need to enter exhibits in this year’s Fair   The Nevada County Fair’s Competition Handbook, which includes all the information you need to enter exhibits in this year’s Fair, is now available. If you can make it, bake it, grow it or show it, there is a category […]

4 Keys to Real Estate Recovery

In order to have a fully recovered housing market and economic recovery, economists point to the need for four positive indicators: 1. A healthy job market with low stable unemployment; 2. Mortgage delinquencies that have returned to historical averages; 3. Home prices consistent with an affordable mortgage payment–to–income ratio; and 4. Home sales that are […]

July Pending Sales and Distressed Sales Report

Equity home sales continue sharp upward trend as housing supply remains tight in distressed markets LOS ANGELES (Aug. 22) – The share of equity home sales continued to grow in July, increasing on a monthly basis for 17 of the last 18 months, while distressed sales plunged by half compared to a year ago, the […]

Pending Home Sales Highest Level Since Late 2006

Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 6.7 percent to 112.3 in May from a downwardly revised 105.2 […]

April Pending Sales Highest in Three Years

Pending home sales improved slightly in April and continue to be well above a year ago, according to the National Association of Realtors®.  Gains in the Northeast and Midwest were offset largely by declines in the West and South. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 0.3 percent to 106.0 in April from […]

California Median Home Prices Highest Level In Five Years

  LOS ANGELES (April 15) – Strong sales in higher-cost coastal regions and heated market conditions drove California’s median home price to its highest level in March since May 2008, while inventory shortages continued to stifle home sales, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. “While home sales were essentially flat from February, sales declined […]

Pending Home Sales Up Strongly From a Year Ago

              Pending home sales retrenched in April following three consecutive monthly gains, but are notably higher than a year ago, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 5.5 percent to 95.5 from a downwardly revised 101.1 […]

Pending Home Sales in California Gained in February

  Pending home sales in California gained ground for the second consecutive month in February, while the share of equity sales posted higher after two months of decline, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Pending home sales: C.A.R.’s Pending Home Sales Index (PHSI)* rose from a revised 102.3 in January to 127.8 in […]

Facts On The 3.8% Health Tax

                  A 3.8 percent levy on certain investment income was included in healthcare legislation two years ago, and now misinformation about the tax’s application to home sales is being passed along over the Internet and e-mail, throwing some prospective home sellers into a panic. In actuality, very […]

Distressed Properties Drive Home Prices Down In California

                  California home sales declined from both the prior month and year in January, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  The median price also was lower, primarily due to a sales increase in the distressed market. Closed escrow sales of existing, single-family detached […]