Statewide, 35% of existing home sales in California last month were distressed, down from 50% in November 2011. But the percentages were higher in much of state’s inland portion, which is where home prices fell the most.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
It’s no secret that high volume refinancing is dead—at least for now. To some degree, it feels as though we’ve been living in an incredibly protracted refinance cycle (when we weren’t in the death spiral of 2007 – 2011, of course). Read More