California May Home Sales
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http://www.dqnews.com/RRCA0606.shtm
California May Home Sales
June 21, 2006
A total of 51,750 new and resale houses and condos were sold statewide last month. That's up 9.5 percent from 47,250 for April and down 15.2 percent from a revised 61,000 for May 2005. Last year's May was the strongest May in DataQuick's statistics, which go back to 1988.
The median price paid for a home last month was $469,000, a new record. That was up 0.2 percent from $468,000 for April, and up 9.8 percent from $427,000 for May a year ago.
The typical mortgage payment that home buyers committed themselves to paying last month was $2,298. That was up from $2,271 in April, and up from $1,899 for May a year ago.
DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The numbers cover all sales, new and resale, houses and condos.
Market stress indicators are still very low: Down payments are stable, speculation buying is moderate, there are no significant shifts in market mix and default rates are rising, but still low. Earlier increases in non owner-occupied purchase activity and flipping activity have leveled off. The use of adjustable-rate mortgages has dropped the last five months.
California May Home Sales
June 21, 2006
A total of 51,750 new and resale houses and condos were sold statewide last month. That's up 9.5 percent from 47,250 for April and down 15.2 percent from a revised 61,000 for May 2005. Last year's May was the strongest May in DataQuick's statistics, which go back to 1988.
The median price paid for a home last month was $469,000, a new record. That was up 0.2 percent from $468,000 for April, and up 9.8 percent from $427,000 for May a year ago.
The typical mortgage payment that home buyers committed themselves to paying last month was $2,298. That was up from $2,271 in April, and up from $1,899 for May a year ago.
DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The numbers cover all sales, new and resale, houses and condos.
Market stress indicators are still very low: Down payments are stable, speculation buying is moderate, there are no significant shifts in market mix and default rates are rising, but still low. Earlier increases in non owner-occupied purchase activity and flipping activity have leveled off. The use of adjustable-rate mortgages has dropped the last five months.
작성일2006-06-30 16:57
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