1.Southern California home sales plunge in July
“Southern California home sales plunged in July and show little signs of rebounding. And that, economists say, could stunt the region’s economic growth.”
2.Applications for New Home Purchases Increased in July 2014
“The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2014 shows mortgage applications for new home purchases increased by 2 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.”
3.S.J. home foreclosure activity jumps in July
“San Joaquin County foreclosure activity took a big jump in July, up by 43 percent to 300 total filings, from just 209 notices of default, trustee sales or bank repossessions in June, real estate data firm RealtyTrac Inc. is reporting today.”
4.Average US 30-Year Mortgage Rate at 4.12 Percent
“Average long-term U.S. mortgage rates declined this week, approaching their lows for the year.”
5.California home sales decline amid tight market
“California home sales declined in July compared to the same time last year as buyers struggled to find something they could afford in the tight market, a research firm said Thursday.”
6.Power House: San Diego real estate
“A snapshot of San Diego’s real estate market, with Geoffrey, Schiering, The San Diego Realty Pros. ”
7.Bay Area home prices plateau on slowing sales
“Single family home sales dropped last month and prices hit a plateau in much of the Bay Area after a sizzling run-up in the first part of the year, according to a report released Thursday, with the nine-county region seeing the lowest annual price gain in almost two years.”
8.Gregory J. Wilcox: Housing affordability all over the map and falling for everybody
“Turns out housing affordability indexes can offer interesting market snapshots.”
9.California July Home Sales
“An estimated 39,608 new and resale houses and condos sold statewide in July. That was up 0.9 percent from 39,254 in June, and down 8.7 percent from 43,381 sales in July 2013, according to Irvine-based CoreLogic DataQuick. ”