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• September Marked 7th Consecutive Increase in Median Price of CA Homes
10/27/09
California home sales increased 2.1 percent in September compared with the same period a year ago, while the median price of an existing home declined 7.3 percent, according to the most recent monthly data from the California...
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• Declining Fundamentals Still Plague Metro Phoenix Office Market
10/14/09
The Phoenix office of Transwestern has just released its 3rd Quarter 2009 report on the metro region, which shows that weak demand continues to push vacancy higher as rental rates fall 8% from their Q1 2008 peak. Here is a go...
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• OC Office Market Nearing Bottom
10/07/09
The Orange County office market is beginning to stabilize, according to third quarter market data from Voit Real Estate Services. “With negative absorption slowing and almost no new projects under construction to increase vac...
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• CA Home Sales Up 9% from Prior Year
9/30/09
California home sales increased nine percent in August compared with the same period a year ago, while the median price of an existing home declined 16.9 percent, according to the latest data from the California Association o...
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• OC Office Vacancy Rate Increases to Just Under 19% at Mid-Year
8/13/09
Higher unemployment and unsteady consumer confidence are continuing to depress demand for Orange County office space. According to a just-released study from Cushman & Wakefield, the Orange County overall office vacancy inc...
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• CA Home Resales Up 20% from Prior Year
8/12/09
Closed escrow sales of existing, single-family detached homes in California totaled 514,110 in June at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local Realtor associ...
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• Jones Lang LaSalle Surpasses Goal to Employ 500 Sustainability Accredited Professionals
8/11/09
Jones Lang LaSalle has surpassed its 2009 goal of employing 500 sustainability accredited professionals—six months ahead of its stated goal. No other real estate firm has close to as many accredited individuals, or has compl...
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• Sacramento Office Vacancy Rate Nearing 20%
7/28/09
The vacancy rate in the Sacramento office market increased in the second quarter of the year to 19.5 percent, compared to 18.7 percent at the end of the first quarter, according to Grubb & Ellis' latest Office Metro Trends Re...
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• Renters Resisting High-End Units
7/21/09
By Caroline Latham
CEO, RealFacts
A recent nationwide study of rents and occupancy conducted by RealFacts for 2Q09 reveals that renters are showing resistance to paying a premium to rent an apartment in a high-end market.
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• CA Home Sales Up 35% from Prior Year While Median Price Down 30% from May 2008
6/30/09
California home sales increased 35.2 percent in May compared with the same period a year ago, while the median price of an existing home declined 30.4 percent, according to the latest data from the California Association of R...
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• Draftsmen & Craftsmen
6/02/09
Construction on the new Palm Springs Unified School District’s (PSUSD) Painted Hills Middle School just got underway. The new campus is being built to relieve overcrowding at Desert Springs Middle School, which currently hou...
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• CA Home Sales Up 49% from Prior Year
6/01/09
In the latest California homes sales figures from the California Association of Realtors® (C.A.R.), the number of sales increased 49.2 percent in April compared with the same period a year ago, while the median price of an ex...
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• CA Home Affordability Jumps to 69%
5/27/09
The percentage of households that could afford to buy an entry-level home in California stood at 69 percent in the first quarter of 2009, compared with 46 percent (revised) for the same period just one year earlier, according...
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• SoCal Retiree Starts Novel Program to Cheer Up Wounded Warriors
5/19/09
By Allen Wolfsheimer
Bill Malone is not your typical retired 66-year-old man. One would think that after a very full life that has included a number of vastly differing careers and more than one’s fair share of serious medic...
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• Draftsmen & Craftsmen
5/18/09
In some of the latest news from the construction world, Whittier-based Oltmans Construction Company has created its “High Performance Building Program”, which reinforces the company’s commitment to the growing business and en...
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• Many Commercial Bankruptcies May Not Be Necessary
5/11/09
In the face of increasing defaults and foreclosures on commercial real estate properties, borrowers and investors can find hope in new and creative workout restructuring strategies that could help them avoid turning over the ...
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• Multifamily Market Sees Third Consecutive Month of Rent and Occupancy Declines
4/30/09
By Caroline Latham, President
RealFacts
RealFacts has just concluded its first study of rental market conditions in 2009. Rents and occupancy continue to go down, but there was no big drop this quarter as some people predict...
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• New Program from C.A.R. to Help Drive More First-Time Buyers
4/08/09
In an effort to assist first-time home buyers, the California Association of Realtors® (C.A.R.) has launched the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP). Through this program, first-ti...
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• CA Home Sales Jump 83% in February
3/26/09
In the latest data from the California Association of Realtors®, home sales in the state increased 83 percent in February compared with the same period a year ago, while the median price of an existing home declined 40.8 perc...
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• SoCal Sees Drop in Notices of Defaults and Trustee Sales While NoCal on the Rise
3/20/09
By Allen Wolfsheimer
Notice of Defaults and Notice of Trustee Sales recorded in Southern California dropped 3.54 percent from February 2008 to February 2009, however, in Northern California the number spiked upward, increasi...
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