California Real Estate
The California Real Estate market is one of the fastest paced and vibrant in the world. Nowhere else is property traded so fiercely and competitively and at such high stakes as in this state.
A recent report on the number of house sales in California, which was released in December of 2007, showed that more than 25, 000 condo units and houses-both brand new and resale-changed hands in that month. As impressive as that figure is, it was in fact virtually unchanged from the house sales figure in November, and is actually down more than 40% from November of 2006, when house sales registered at 43, 400. Records show that there has been a steady decline in house sales over the past 27 months, and that December's sales were the lowest for that particular month ever since records were first kept in 1988.
Median prices for houses also went down almost 3%-or to just over $400, 000 in December-from about $412, 000 in November. This price represents an almost 15% decline from December of 2006, when the median price of houses was about $472, 000. The peak in median house prices was reached in the period of March to May last year, when the price of houses averaged around $484, 000.
This drop in median house prices can be explained mostly by the slow sales of high priced properties, which in itself is the direct result of instability in the credit industry. 17, 500 homes purchased in California in December 2007 were bought with conforming loans amounting to $417, 000, which is a huge decline of almost 30% from December of 2006, when the number of houses bought with the same loan amounted to almost 25, 000. With regard to jumbo loans, 4, 600 houses in California were purchased for more than $417, 000 in this manner, which is a decline of a whopping 70% from December 2006, when houses purchased number more than 15, 000.
Other signs show that the real estate market in the state continues to move in different directions. Property foreclosures are at an all time high (we will discuss this in further detail later on in this article), and both adjustable-rate mortgage and multiple mortgage financing has declined drastically. At the same time, down payment values as well as flipping rates have remained fairly constant, and buying activity by owners who do not occupy the properties in question is on the rise.
In Southern California, the extremely low level of house sales in December 2007 has caused many in the real estate industry-sellers, buyers, and lending institutions included-to watch the market closely. While the number of new houses sold in Riverside, Los Angeles, San Diego, San Bernardino, Orange County and Ventura went up .5% from the previous month-about 13, 200 from slightly more than 13, 100 in November-this still represented a steep 45% decline from the same period the previous year, when houses sold numbered slightly more than 24, 200.
One real estate industry analyst has declined to make any forecasts or predications about which way the market will go in the next few months, saying that the present instable condition of the market has made it impossible to predict which way things will go. Many experts agree however that the real estate market will stabilize soon and that a clearer picture will emerge. Until then both buyers and sellers are keeping a watchful eye on the proceedings.
We mentioned earlier that foreclosure activity is on the rise, and indeed during the last quarter of 2007, mortgage default notices were at its highest level in 15 years. Much of this increase in foreclosed properties goes hand in hand with depreciation of home values. Many homeowners have suddenly found themselves in a position wherein they owe more on the mortgage than what the property is actually worth on the market. A large number of those who have been forced into foreclosure may have felt the pressure of high mortgage rates, the loss of income or even the need to move to another state.
One factor that can explain this phenomenon is the decline in median house prices from a high of $484, 000 in March of 2007 to just slightly above $400, 000 in the latter part of the year. Although this decline was perhaps partially caused by the shift in the type of houses that were sold, this would have undoubtedly still had a significant role to play in the increase of the number of homeowners who were forced to default on their mortgage loans.
Carlsbad California real estate for sale. Find new townhomes and live work lofts just steps from the beach in the vibrant coastal city of Carlsbad, north San Diego County.
Article Source: ArticlesBase.com
|
how do you verify someone's high school diploma?
need to verify high school diploma from class of 1968. Los Angeles High School, LA, CA
Get the answers
|
|
what school is nlahs in los angeles?
los angeles high school
Get the answers
|
|
City of Los Angeles High School Math Proficiency Final (bet I get some flack for this one)?
Name: __________________________________ Gang: ________________
1. Johnny has an AK-47 with a 30 round clip. If he misses 6 out of 10 shots and shoots 13 times at each drive-by shooting, how many drive-by shootings can he attempt before he has to reload?
2. Jose has 2 ounces of cocaine and he sells an 8-ball to Jackson for $350 and 2 grams to Billy for $85 per gram, what is the street value of the balance of the cocaine if he doesn't cut it?
3. Jick-Ice is pimping for three girls. If the price is $65 per trick, how many tricks will each girl have to turn so he can pay for his $800 per day crack habit?
4. Jarome wants to cut his half-pound of heroin to make a 200% profit. How many ounces of cut will he need?
5. Willie gets $200 for stealing a BMW, $50 for a Chevy, and $100 for a 4X4. If he has stolen two BMWs and eight 4X4s, how many Chevys will he have to steal to make the total $2000?
6. Raoul is in prison for one year, two months for murder. He got $10,000 for the hit. If his common law wife is spending $100 per month, how much money will be left when he gets out of prison, and how much time will he get for killing the bitch when he gets out?
7. If the average spray can covers 22 square feet and the average tag sign is 3 square feet, how many tags can the artiste spray with three cans of paint? (Assume none is used for sniff.)
8. Hector knocked up six of the 27 girls in his gang. What percentage of the girls has Hector knocked up?
Get the answers
|
|
Can you belive they are teaching this crap in schools ?
This is a big reason why we are having some mnyracial problems...
The myth of Aztlan can best be explained by California's Santa Barbara School District's Chicano Studies textbook, "The Mexican American Heritage" by East Los Angeles high school teacher Carlos Jimenez. On page 84 there is a redrawn map of Mexico and the United States, showing Mexico with a full one-third more territory, all of it taken back from the United States. On page 107, it says "Latinos are now realizing that the power to control Aztlan may once again be in their hands."
http://www.mayorno.com/WhoIsMecha.html
Get the answers
|
|
Math problems to enjoy.?
Los Angeles High School
Math Proficiency Exam
Name____________________
Gang/Crew Name____________ Crib____________________
1. Ramon has an AK-47 with a 30 round clip. He usually misses 6 out of every 10 shots and he uses 13 rounds per drive-by shootings. How many drive-by shootings can Ramon attempt before he has to reload?
2. Otis has 2 ounces of cocaine. If he sells an 8 ball to Antonio for $320 and 2 grams to Juan for $85 per gram, what is the street value of the rest of his hold?
3. Rufus pimps 3 ho?s. If the price is $85 per trick, how many tricks per day must each ho turn to support Rufus?s $800 per day crack habit?
4. Daneel wants to cut the pound of cocaine he bought for $40,000 to make 20% profit. How many ounce bags will he need to make to obtain the 20% profit?
5. Desmond gets $200 for a stolen BMW, $150 for stealing a Corvette, and $100 for a 4X4. If he steals 1 BMW, 2 Corvettes and 3 4X4?s, how many more Corvettes must he steal to have $900?
6. Tomaine got 6 years for murder. He also got $10,000 for the hit. If his common-law wife spends $100 of his hit money per month, how much money will be left when he gets out?
7) If an average can of spray paint covers 22 square feet and then average letter is 3 square feet, how many letters can be sprayed with 3 eight ounce cans of spray paint with 20% paint left over?
8) Tyrone knocked up 3 girls in the gang. There are 27 girls in his gang. What is the exact percentage of girls Tyrone knocked up?
9) LaSheena is a lookout for the gang. LaSheena also has a Boa Constrictor that eats 3 small rats per week at a cost of $5 per rat. If LaSheena makes $700 per week as a lookout, how many weeks can she feed the Boa on one week?s income?
10) Marvon steals Joekel?s skate board. As Marvon skates away at 15 mph, Joekel loads his 357 Magnum. If it takes Joekel 20 seconds to load his piece how far away will Marvon be when he gets whacked?
I am not messed up. Some guy who works in my parents high school came up with this stuff I just thought I should share.
Get the answers
|
