Wednesday, April 16, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Pending home sales down

By
From page C16 | February 08, 2013 | Leave Comment

Seasonal factors, combined with low housing inventory, particularly a lack of real estate-owned homes, drove California pending home sales lower in December, the California Association of Realtor recently reported. However, the share of distressed properties increased in December, as lenders pushed to close short sales and move them off their balance sheets.

Pending home sales data:

CAR’s Pending Home Sales Index fell 20.5 percent from a revised 103.5 in November to 82.3 in December, based on signed contracts. Pending sales were down 6.5 percent from the 88.1 index recorded in December 2011. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.

Distressed housing market data:

  • The share of equity sales — or non-distressed property sales — compared with total sales decreased for the first time in 11 months.  The share of equity sales in December decreased to 63.6 percent, down from 64.9 percent in November.  Equity sales were still higher than December 2011’s share of 48.4 percent.
  • After falling steadily for the past several months, the combined share of all distressed property sales rose to 36.4 percent in December, up from 35.1 percent in November but down from 51.6 percent in December 2011.
  • Of the distressed properties, the share of short sales was 25 percent in December, up from 23.4 percent in November and from 24 percent a year ago.
  • The share of REO sales dipped to 11 percent in December from 11.3 percent in November and was down from 27.2 percent in December 2011.
  • The available supply of REOs dipped in December, with the Unsold Inventory Index for REOs declining from 2.1 months in November to 1.9 months in December. The December Unsold Inventory Index was 2.7 months for equity sales and 2.4 months for short sales.

LEAVE A COMMENT

Discussion | No comments

.

News

EDH Fire Dept. annexing Latrobe

By Noel Stack | From Page: A1, 7 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, 10 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, 45 Comments

 
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, 11 Comments | Gallery

.

Letters

A great big thanks

By Letters to the Editor | From Page: A5

 
Murder? Suicide?

By Letters to the Editor | From Page: A5, 6 Comments

‘Drive Clean’

By Letters to the Editor | From Page: A5, 3 Comments

 
Middle class getting poorer?

By Letters to the Editor | From Page: A5, 45 Comments

Real estate lies

By Letters to the Editor | From Page: A5, 7 Comments

 
.

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, 2 Comments

 
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