Friday, April 18, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Equity home sales post higher in September

By
From page HS21 | November 01, 2013 | Leave Comment

LOS ANGELES —   The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years. Meanwhile, the share of short sales fell into the single digits and dropped to levels not seen since January 2009, the California Association of Realtors recently reported.

Distressed housing market data

• The share of equity sales — or non-distressed property sales — rose again for the 10th straight month, making up more than eight in 10 sales, the highest share since November 2007. The share of equity sales in September increased to 85.8 percent, up from 84.7 percent in August. Equity sales made up 62.7 percent of sales in September 2012.

• Conversely, the combined share of all distressed property sales continued to decline in September, dropping to 14.2 percent in September, down from 15.3 percent in August and down sharply from 37.3 percent in September 2012. Twenty-six of the 38 reported counties showed a month-to-month decrease in the share of distressed sales, with San Diego, San Mateo and Santa Clara tied for the lowest share at 4 percent.

• Of the distressed properties, the share of short sales, at 9.4 percent, fell to the lowest point since January 2009. September’s figure was down from 10.2 percent in August and was nearly a third of what it was a year ago, when short sales made up 24.3 percent of all sales. The continuing decline in short sales indicates more previously underwater homes are moving into positive equity as home prices are bolstered.

• The share of REO sales also continued to fall, dropping to single-digits for the sixth straight month. REOs made up only 4.3 percent of all sales in September, down from 4.7 percent in August and from 12.5 percent in September 2012. The September 2013 figure was the lowest since August 2007.

• Housing inventory levels improved for the fifth straight month but remained low. The Unsold Inventory Index for equity sales inched up from 3.1 months in August to 3.5 months in September. The supply of REOs edged up from 2.3 months in August to 2.7 months in September, and the supply of short sales rose from 2.3 months in August to 3.8 months in September.

Pending home sales data

• California pending home sales dipped in September, with the Pending Home Sales Index slipping 1.8 percent in September to 106.4, down from 108.3 in August, based on signed contracts. The monthly slip was slightly smaller than the average August-to-September decrease over the past five years.  Pending sales were down 8.1 percent from the 115.7 index recorded in September 2012. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.

LEAVE A COMMENT

Discussion | No comments

.

News

Woman, dog back from Oso

By Wendy Schultz | From Page: A1, 8 Comments | Gallery

 
Goodbye LUPPU, hello LRPU

By Chris Daley | From Page: A1, 4 Comments

 
Past due state taxes bring arrest

By Cole Mayer | From Page: A1, 8 Comments

 
Sanford trial: Prosecution, defense rest

By Cole Mayer | From Page: A1 | Gallery

 
 
DA candidate to remain on ballot

By Dawn Hodson | From Page: A9

Dog talk with Uncle Matty: Benji and the Bickersons

By Matthew Margolis | From Page: A10

 
CPCSD seat unfilled

By Dawn Hodson | From Page: A14, 1 Comment

Lew Uhler backs Ranalli

By News Release | From Page: A14, 6 Comments

 
.

Letters

Evacuation

By Letters to the Editor | From Page: A7, 6 Comments

 
District 4 candidate

By Letters to the Editor | From Page: A7, 15 Comments

Open meetings

By Letters to the Editor | From Page: A7, 6 Comments

 
Volunteers and homeless camps

By Letters to the Editor | From Page: A7, 30 Comments

Bicycle events and traffic control

By Letters to the Editor | From Page: A7, 5 Comments

 
.

Sports

Jennings wins national title

By Democrat Staff | From Page: A11, 1 Comment | Gallery

 
Savannah Stephens can swing the bat

By Jerry Heinzer | From Page: A11 | Gallery

King of the West roars into Placerville

By Gary Thomas | From Page: A11

 
First and goal: Bunt etiquette

By Mike Bush | From Page: A11

Oak Ridge suffers tough 2-1 setback

By Mike Bush | From Page: A11

 
Roundup: April 17, 2014

By Democrat Staff | From Page: A12 | Gallery

.

Prospecting

Plantastic sale this Saturday

By Dawn Hodson | From Page: B1 | Gallery

 
Spring art brightens government center

By Democrat Staff | From Page: B2 | Gallery

Things to do: April 18, 2014

By Democrat Calendar | From Page: B2

 
Time out: A grand time at Grand China

By Earle Camembert | From Page: B3 | Gallery

Temple Kol Shalom hosts Passover Seder

By News Release | From Page: B3

 
Student art featured for Third Saturday

By News Release | From Page: B3

Promenade in high style

By Historic Old Sacramento | From Page: B4

 
Sac State Presents ‘Gypsy’

By California State Unversity, Sacramento | From Page: B4

Friday nights are engaging at the de Young

By Fine Arts | From Page: B5

 
See what is inside the vault

By Center For Sacramento History | From Page: B6

Eggstravaganza

By Fairytale Town | From Page: B6

 
Hats On For the Kids raises money for children

By Democrat Staff | From Page: B6

Gallery tips a hat to Dr. Seuss

By Democrat Staff | From Page: B7

 
Museum presents ‘Diesel Days’

By California State Railroad Museum | From Page: B7

Engagement: Adam Frega and Wednesday Bienusa

By Democrat Staff | From Page: B8

 
Duty: Air Force Airman Brian Polk

By Democrat Staff | From Page: B8

Cal Stage presents a season of challenging productions

By California Stage | From Page: B8

 
Duty: Army Pfc. Kyle W. Beasy

By Democrat Staff | From Page: B8

KVIE calls for artists

By Kvie | From Page: B9

 
A Couple of Blaguards tell tales

By Harris Center for the Arts | From Page: B9

America’s ClayFest II celebrates a rich history

By Blue Line Arts | From Page: B14

 
Fine Arts Museums feature two shows

By Fine Arts | From Page: B15

See wildflowers on train ride

By Railtown | From Page: B15

 
Easter at Northstar is family friendly

By Northstar California | From Page: B15

.

Essentials

Crime Log: March 28-30

By Cole Mayer | From Page: A2

 
.

Obituaries

Frank “Bud” Kraus Jr.

By Contributor | From Page: A2

 
Roy Cluness Chaix

By Contributor | From Page: A2

Frederick Wilbur Heymann

By Contributor | From Page: A2

 
Arthur W. Cornell

By Contributor | From Page: A2

.

Real Estate

Faster sales with spring staging

By Ken Calhoon | From Page: HS4

 
Coldwell Banker outsells the competition

Press Release | From Page: HS7

Handsome Redmond suits modern families

Press Release | From Page: HS11

 
Growing your own

By Marni Jameson | From Page: HS14

 
Fraud workshop scheduled

Press Release | From Page: HS21

HCD launches assistance program

Press Release | From Page: HS22, 1 Comment

 
EZ Mortgages Inc. opens Placerville office

By News Release | From Page: HS22, 2 Comments

.

Comics

TV Listings

By Contributor | From Page: A13

 
Sudoku

By Contributor | From Page: A13

Speed Bump

By Contributor | From Page: A13

 
Working It Out

By Contributor | From Page: A13

Shoe

By Contributor | From Page: A13

 
Rubes

By Contributor | From Page: A13

Tundra

By Contributor | From Page: A13

 
Horoscope, Saturday, April 19, 2014

By Contributor | From Page: A14

Horoscope, Friday, April 18, 2104

By Contributor | From Page: A14

 
New York Times Crossword

By Contributor | From Page: A14

Horoscope, Sunday, April 20, 2014

By Contributor | From Page: A14

 
.

Home Source

Faster sales with spring staging

By Ken Calhoon | From Page: HS4

Coldwell Banker outsells the competition

Press Release | From Page: HS7

Handsome Redmond suits modern families

Press Release | From Page: HS11

Growing your own

By Marni Jameson | From Page: HS14

Fraud workshop scheduled

Press Release | From Page: HS21

HCD launches assistance program

Press Release | From Page: HS22, 1 Comment

EZ Mortgages Inc. opens Placerville office

By News Release | From Page: HS22, 2 Comments