Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market. In an encouraging sign for a healthier spring home-buying market, California pending home sales increased more than usual and rose to the highest level in eight months.
Meanwhile, the share of short sales has fallen to levels last observed in 2008, the California Association of Realtors (C.A.R.) reported on April 23.
California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the California Association of Realtors (C.A.R.) reported on March 17.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 361,210 in February, according to information from more than 90 local Realtor associations and MLSs statewide. February marked the fourth straight month that sales were below the 400,000 level and the seventh straight decline on a year-over-year basis.
Alameda residents John Cashman, Diane Runyan and Nita Greganti are once again joining the AIDS LifeCycle bicycle ride from San Francisco to Los Angeles travelling 545 miles to support the San Francisco AIDS Foundation (SFAF).
Cashman, owner of The Cashman Team Inc. Real Estate Company, and one of the oldest on the ride has been riding for the SFAF since 1995 and will take his 12th ride this year.