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Home | Tag Archives: PropertyRadar

Tag Archives: PropertyRadar

California’s April Home Sales Jump 20 Percent from March

California’s April Home Sales Jump 20 Percent from March

In a new report from PropertyRadar on California single-family home sales, the company found that sales were up 20 percent in April from March. However, sales fell on a yearly basis for the month, declining 13.3 percent. Despite the gains in April, year-to-date sales volume is the lowest it has been since 2008.

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California Home Sales Abate to Close Out Year

California Home Sales Abate to Close Out Year

Single-family and condominium sales in California closed 2013 on a cautiously positive note, even though overall sales were down notably from the year prior, according to the latest quarterly market report from PropertyRadar. December sales in the Golden State's home and condo market grew 1.4 percent over November 2013 sales, but were down nearly 20 percent from December 2012. Overall, last year’s property sales finished the year at their lowest level since 2007.

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California Foreclosures Tick Up but Remain Lower Than Last Year

Foreclosures edged up over the month of October in California with notices of default increasing 15.3 percent, notices of trustee sale rising 4.1 percent, and foreclosure sales up 3.9 percent, according to PropertyRadar. All three indicators, though, were down more than 45 percent from October 2012, with foreclosure sales hovering near record lows. However, a closer look at foreclosure sales reveals a decline in sales to third parties and an increase in REO sales.

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One-Third of California Homeowners Locked Out of Market

One-Third of California Homeowners Locked Out of Market

The California real estate market continued to experience rising home prices and strong sales in July, but negative equity still remains a significant challenge, according to a report from PropertyRadar. Out of the 6.8 million California homeowners with a mortgage, 26 percent, or 1.8 million, were underwater as of July. Another 500,000 are barely managing to stay above water, with no more than 10 percent of equity in their home. This means about one third, or 2.3 million homeowners, are still unable to sell due to lack of equity.

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‘Government Intervention’ Drives Down Distressed Sales in California

‘Government Intervention’ Drives Down Distressed Sales in California

Distressed property sales have declined drastically in California over the last year, according to a recent report from PropertyRadar. In June, sales for distressed homes and condominiums plunged 46.5 percent year-over-year in June. On the other hand, non-distressed property sales shot up by 31.3 percent during the same time period. Government intervention is the main driving force behind the declines in distressed property sales, according to the report authored by Madeline Schnapp, director of economics research at the firm.

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Foreclosure Sales in West Down in May; Likely to Increase in June

Foreclosure Sales in West Down in May; Likely to Increase in June

Foreclosure sales decreased in all five Western states tracked by PropertyRadar--Arizona, California, Nevada, Oregon, and Washington--over the month of May. PropertyRadar attributes the decreases in foreclosure sales to new guidance from the Office of the Comptroller of the Currency. The guidance established minimum standards for handling borrower files subject to a foreclosure sale within 60 days. In California, foreclosure sales from Citi were down 50 percent, and foreclosure sales from Wells Fargo were down 75 percent over the month of May in California, according to PropertyRadar.

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