Wednesday, April 16, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

California home sales climb

By
From page HS20 | August 30, 2013 | Leave Comment

LOS ANGELES — California’s housing market bounced back after a slight dip in June to reach the highest level since May 2012, as home prices continued to post strong annual gains and home sales recorded the first annual increase in six months, the California Association of Realtors reported.

“The spike in interest rates in June prompted homebuyers to delay escrow closings in hopes that rates would fall back,” said CAR President Don Faught. “As buyers recognized rates had stabilized, they moved forward to close escrow, which lifted July’s sales from both the previous month and year.”

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 443,520 units in July, according to information collected by CAR from more than 90 local Realtor associations and MLSs statewide. Sales in July were up 7 percent from a revised 414,670 in June and up 1.5 percent from a revised 436,870 in July 2012. The year-to-year sales increase was the first since December 2012, following six consecutive months of declines. The statewide sales figure represents what would be the total number of homes sold during 2013 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

The statewide median price of an existing, single-family detached home inched up 1.2 percent from June’s median price of $428,620 to $433,760 in July. July’s price was 29.8 percent higher than the revised $334,220 recorded in July 2012, marking 17 straight months of annual price increases and the 13th consecutive month of double-digit annual gains.

LEAVE A COMMENT

Discussion | No comments

.

News

EDH Fire Dept. annexing Latrobe

By Noel Stack | From Page: A1, 3 Comments

 
Motorcycle fatality in Greenwood

By Cole Mayer | From Page: A1

 
Greenwood School being restored

By Rebecca Murphy | From Page: A1 | Gallery

Cal Fire increasing staffing, hiring

By Cal Fire | From Page: B1

 
EID restricts watering days

By Michael Raffety | From Page: A1, 9 Comments

Lover’s Leap fall injures man

By Tahoe Tribune | From Page: A1

 
Tea Party meeting April 17

By Tea Party Patriots Of El Dorado Hills | From Page: A3

 
Town Hall Meeting on Underage Drinking May 1

By El Dorado Hills Community Vision Coalition | From Page: A6

Floating body not a body

By Cole Mayer | From Page: A7

 
Old mill a goner

By Dawn Hodson | From Page: A11, 2 Comments | Gallery

.

Opinion

 
My turn: A fair California flat income tax

By Mark Belden | From Page: A4

DA Pierson has been outstanding

By Mountain Democrat | From Page: A4, 5 Comments

 
.

Letters

A great big thanks

By Letters to the Editor | From Page: A5

 
Murder? Suicide?

By Letters to the Editor | From Page: A5, 1 Comment

‘Drive Clean’

By Letters to the Editor | From Page: A5

 
Middle class getting poorer?

By Letters to the Editor | From Page: A5, 1 Comment

Real estate lies

By Letters to the Editor | From Page: A5, 1 Comment

 
.

Sports

Outside with Charlie: Switch gear

By Charlie Ferris | From Page: A8

 
Ponderosa volleyball is a family affair

By Jerry Heinzer | From Page: A8 | Gallery

Aussie team makes visit

By Special to the Democrat | From Page: A8

 
Griz have challenging day

By Mike Bush | From Page: A8 | Gallery

Roundup: April 15, 2014

By Democrat Staff | From Page: A9 | Gallery

 
.

Prospecting

At a glance: Take aim on fun

By Mimi Escabar | From Page: B2

 
Men to walk a mile in her shoes

By Center For Violence-Free Relationships | From Page: B2 | Gallery

Runners stampede for Sugarloaf scholarships

By El Dorado County Office of Education | From Page: B2 | Gallery

 
Team works to fight disease

By Placerville Kiwanis | From Page: B3

 
COOL School is accepting applications

By Rescue Union | From Page: B4

Band of Miwoks fund mission

By Shingle Springs Band Of Miwok Indians | From Page: B12

 
.

Essentials

Crime Log: March 25-27

By Cole Mayer | From Page: A2

 
Weather stats 4-15-14

By Michael Raffety | From Page: A2

.

Obituaries

Ronald Russell Rohrer

By Contributor | From Page: A2

 
Numa Edward “Ed” Roberts

By Contributor | From Page: A2

.

Real Estate

.

Comics

Shoe

By Contributor | From Page: A10

 
Rubes

By Contributor | From Page: A10

New York Times Crossword

By Contributor | From Page: A10

 
Tundra

By Contributor | From Page: A10

Horoscope, Thursday, April 17, 2014

By Contributor | From Page: A10

 
Horoscope, Wednesday, April 16, 2014

By Contributor | From Page: A10

TV Listings

By Contributor | From Page: A10

 
Sudoku

By Contributor | From Page: A10

Flying McCoys

By Contributor | From Page: A10

 
Speed Bump

By Contributor | From Page: A10

Working It Out

By Contributor | From Page: A10