The sunny state of California is leading the country again as it’s housing market continues to improve. California home prices posted solid gains for the third straight month in May and home sales are well above last year’s pace. Now is the time you must have your money in place to grab the great deals, before they are gone. Learn how you can buy California Foreclosures and attract all the money you need [this works in all 50 states too!]
“California home sales were strong in May… First-time buyers are recognizing that the housing market has hit bottom and are now seeing a sense of urgency to take advantage of ultra-low interest rates and advantageous home prices. Additionally, trade-up buyers are returning to the market after sitting it out for the past few years to get in on favorable home prices.” said C.A.R. President LeFrancis Arnold.
Closed escrow sales of existing, single-family homes are up 3.4% from last month and up 21.5% from May 2011. This marks the highest year-over-year sales increase since May 2009.
Plus, home prices are stabilizing, with the median home price up 1% from April and 6.6% from May 2011 … gains again for the third consecutive month. The median price has posted above the $300,000 level for the second straight month after remaining below that mark for 15 months. The median price increase is attributed to strong sales increases where job growth is strong and the economy is growing.
Homes are moving faster on the market with the median number of days it takes to sell a single-family home dropping to 46.6 days in May, down from a revised 48.9 days in April and 52.0 days in May 2011. (You can read the full report from the CAR here.)
There is no question about it, buyers are back and the California Foreclosures Market is heating up. The best deals are going to “all cash, as is offers” who act fast, on the motivated foreclosure deals. If you want to buy a great deal, that you can buy low, fix and sell for fast profits, you better have your money lined up… first.
Do you know where to look for money? I would like to hear your idea, comment below.
If you would like to attract all the money you need, so you can buy all the deals you want… you will want to join me tonight. I have The Money Guy joining me tonight to share “How to Attract Private Money to Fund Your California Foreclosures Deals.” We start at 6pm PDT sharp. Make sure you are registered and login early. We will have a full house.
Read More on the California Foreclosures Market:
- Foreclosure Filings Hurricane. Are We in the Eye?
- Top 10 metros with highest foreclosure rates in May
- Foreclosures Good for Market
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