Friday, April 18, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Pending home sales post monthly gain

LOS ANGELES — The share of equity sales rose to their highest level in five years, while March California pending home sales climbed from the previous month, the California Association of Realtors reported.

Pending home sales data

C.A.R.’s Pending Home Sales Index rose 14.8 percent from a revised 110.1 in February to 126.3 in March, based on signed contracts. Pending sales were down 7.5 percent from the 136.5 index recorded in March 2012.  Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.

“Recent gains in home prices are increasing the market value of many underwater homes,” said CAR President Don Faught. “As a result, many homes that were previously listed as short sales are now selling as equity sales, as is indicated by the five-percent drop in the share of short sales compared with last year.”

Distressed housing market data

• The share of equity sales — or non-distressed property sales — compared with total sales rose to their highest level since February 2008, recording a 72.1 percent share in March. Equity sales made up 66.8 percent of all sales in February and about half (51.2 percent) of all sales in March 2012.
• The combined share of all distressed property sales continued to decline in March, dropping from 33.2 percent in February to 27.9 percent in March 2013. Distressed properties comprised 48.8 percent of all sales in March 2012.
• Of the distressed properties, the share of short sales was 17.3 percent in March, down from 19.8 percent in February and down from 22.6 percent a year ago. The March figure was the lowest since November 2009.
• The share of REO sales also declined to their lowest level since late 2007, falling from 12.9 percent in February to 10.2 percent in March and down from 25.9 percent in March 2012.
• Housing inventory fell in all three property types in March, with the Unsold Inventory Index for short sales falling from a revised 3.2 months in February to 2.7 months in March and REOs slipping from 2 months in February to 1.8 months in March. The index for equity sales declined from 3.8 months in February to 3 months in March.

LEAVE A COMMENT

Discussion | No comments

.

News

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

Woman, dog back from Oso

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

District 4 candidate

By Letters to the Editor | From Page: A7, 16 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, 71 Comments

 
Bicycle events and traffic control

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

Evacuation

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

 
.

Sports

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

Jennings wins national title

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

 
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

 
Hats On For the Kids raises money for children

By Democrat Staff | From Page: B6

See what is inside the vault

By Center For Sacramento History | From Page: B6

 
Eggstravaganza

By Fairytale Town | 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

Arthur W. Cornell

By Contributor | From Page: A2

 
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

.

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

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

 
TV Listings

By Contributor | From Page: A13

Sudoku

By Contributor | From Page: A13

 
New York Times Crossword

By Contributor | From Page: A14

Horoscope, Sunday, April 20, 2014

By Contributor | From Page: A14

 
Horoscope, Saturday, April 19, 2014

By Contributor | From Page: A14

Horoscope, Friday, April 18, 2104

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