Wednesday, May 21, 2008

City of Oceanside Home Sales Statistics For February 2008

New Listings: 28

Average Listing Price: $ 454,829

Listings Under Contract: 2

Average Listing Price $ 479,438

Sold Listings: 4

Average Sales Price: $ 403,450

%Direfence Between Listing Price versus Selling Price: 96.42%

%Sales Price Versus Old Listing Price: 90.99%

Average Days on The Market: 90

City of Oceanside California Home Sales Statistics For January 2008

New Listings: 28

Average Listing Price: $ 454,829

Listings Under Contract: 2

Average Listing Price $ 479,438

Sold Listings: 4

Average Sales Price: $ 403,450

%Direfence Between Listing Price versus Selling Price: 96.42%

%Sales Price Versus Old Listing Price: 90.99%

Average Days on The Market: 90

City of North Hills California Home Sales Statistics For April 2008

New Listings: 83

Average Listing Price: $ 395,949

Listings Under Contract: 25

Average Listing Price $ 318,550

Sold Listings: 17

Average Sales Price: $ 405,452

% Difference Between Listing Price versus Selling Price: 97.24%

% Sales Price Versus Old Listing Price: 89.26%

Average Days on The Market: 66

Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends



Tuesday, May 13, 2008

City of North Hills Home Sales Statistics For March 2008

New Listings: 69

Average Listing Price: $ 383,146

Listings Under Contract: 18

Average Listing Price $ 374,602

Sold Listings: 17

Average Sales Price: $ 401,517

%Direfence Between Listing Price versus Selling Price: 97.65%

%Sales Price Versus Old Listing Price: 82.72%

Average Days on The Market: 90

City of North Hills Home Sales Statistics For February 2008

New Listings: 72

Average Listing Price: $ 405,877

Listings Under Contract: 16

Average Listing Price $ 371,878

Sold Listings: 14

Average Sales Price: $ 420,184

%Direfence Between Listing Price versus Selling Price: 95.49%

%Sales Price Versus Old Listing Price: 89.67%

Average Days on The Market: 60

Friday, May 09, 2008

Montebello Foreclosures, Bank Owned, Notice of Default Homes

As of 05/09/08 there are 50 Properties for sale in Montebello, from those there are : 39 Homes priced between $300,000 to $799,000
11 Condos priced between $ 198,900 to $ 435,000
2 are Condos on Short Sale, one is priced at $215,00 and the other one at $265,000
7 Homes on Short Sale priced between: $350,000 to $650,000
2 Bank owned homes also called Foreclosures,one priced at $299,900 and another one at $329,900.
In Los Angeles County there are 398 properties on Notice of Default, legally in Pre-foreclosures, 219 on Trustee Sale,ready to be sold to investors and 221 Banl owned also called foreclosed homes, in other words they weren't bought by anyone, so the bank repossessed them.

Wednesday, May 07, 2008

City of North Hills California Home Sales Statistics For January 2008

New Listings: 90

Average Listing Price: $ 429,599

Listings Under Contract: 20

Average Listing Price $ 418,745

Sold Listings: 16

Average Sales Price: $ 453.931

%Direfence Between Listing Price versus Selling Price: 94.04%

%Sales Price Versus Old Listing Price: 85.71%

Average Days on The Market: 92


http://www.sfvalleyhotproperties.com

City of Newport Beach California Home Sales Statistics For January 2008

New Listings: 187

Average Listing Price: $ 2,263,322

Listings Under Contract: 7

Average Listing Price $ 1,508,396

Sold Listings: 22

Average Sales Price: $ 1,929,290

%Direfence Between Listing Price versus Selling Price: 91.09%

%Sales Price Versus Old Listing Price: 87.43%

Average Days on The Market: 122


http://www.sfvalleyhotproperties.com

City of Newhall California Home Sales Statistics For January 2008

New Listings: 64

Average Listing Price: $ 488,920

Listings Under Contract: 15

Average Listing Price $ 315,036

Sold Listings: 9

Average Sales Price: $ 391,555

%Direfence Between Listing Price versus Selling Price: 95.11%

%Sales Price Versus Old Listing Price: 88.26%

Average Days on The Market: 88


http://www.sfvalleyhotproperties.com

Friday, May 02, 2008

Moreno Valley Real Estate Home Sales Statistics For January 2008

New Listings: 81

Average Listing Price: $ 308,866

Listings Under Contract: 10

Average Listing Price $ 199,980

Sold Listings: 4

Average Sales Price: $ 261,500

%Direfence Between Listing Price versus Selling Price: 90.14%

%Sales Price Versus Old Listing Price: 78.66%

Average Days on The Market: 151


http://www.sfvalleyhotproperties.com

Friday, April 25, 2008

City of Los Angeles Home Sales Statistics For January 2008

New Listings: 368

Average Listing Price: $ 478,333

Listings Under Contract: 46

Average Listing Price $ 464,439

Sold Listings: 43

Average Sales Price: $ 464,289

%Direfence Between Listing Price versus Selling Price: 95.84%

%Sales Price Versus Old Listing Price: 86.22%

Average Days on The Market: 83


CLICK HERE TO VIEW ALL AVAILABLE HOMES FOR SALE IN LOS ANGELES


Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends

Los Alamitos California Home Sales Statistics For January 2008

New Listings: 10

Average Listing Price: $ 633,179

Listings Under Contract: 1

Average Listing Price $ 459.300

Sold Listings: 3

Average Sales Price: $ 695,000

%Direfence Between Listing Price versus Selling Price: 97.89%

%Sales Price Versus Old Listing Price: 91.25%

Average Days on The Market: 42


http://www.sfvalleyhotproperties.com

City of Long Beach Home Sales Statistics For January 2008

New Listings: 547

Average Listing Price: $ 530,560

Listings Under Contract: 94

Average Listing Price $ 450,561

Sold Listings: 109

Average Sales Price: $ 454,344

%Direfence Between Listing Price versus Selling Price: 94.80%

%Sales Price Versus Old Listing Price: 87.96%

Average Days on The Market: 80


http://www.sfvalleyhotproperties.com

Thursday, April 24, 2008

City of Lawndale California Home Sale Statistics For January 2008

New Listings: 10

Average Listing Price: $ 466,150

Listings Under Contract: 2

Average Listing Price $ 392.400

Sold Listings: 1

Average Sales Price: $ 499,900

%Direfence Between Listing Price versus Selling Price: 100.00%

%Sales Price Versus Old Listing Price: 100.00%

Average Days on The Market: 32


http://www.sfvalleyhotproperties.com

City of Lancaster California Home Sale Statistics For January 2008

New Listings: 192

Average Listing Price: $ 270,998

Listings Under Contract: 42

Average Listing Price $ 277,726

Sold Listings: 30

Average Sales Price: $ 231,676

%Direfence Between Listing Price versus Selling Price: 96.36%

%Sales Price Versus Old Listing Price: 86.14%

Average Days on The Market: 68


http://www.sfvalleyhotproperties.com

City of Lakewood California Home Sales Statistics For January 2008

New Listings: 98

Average Listing Price: $ 487,233

Listings Under Contract: 20

Average Listing Price $ 427,390

Sold Listings: 23

Average Sales Price: $ 441,686

%Direfence Between Listing Price versus Selling Price: 96.57%

%Sales Price Versus Old Listing Price: 88.99%

Average Days on The Market: 68


http://www.sfvalleyhotproperties.com

Tuesday, April 22, 2008

Lake View Terrace California Home Sales Statistics For January 2008

New Listings: 8

Average Listing Price: $ 514,469

Listings Under Contract: 0

Average Listing Price $ 0

Sold Listings: 2

Average Sales Price: $ 555,000

%Direfence Between Listing Price versus Selling Price: 92.89%

%Sales Price Versus Old Listing Price: 92.89%

Average Days on The Market: 31


http://www.sfvalleyhotproperties.com

City of Lake Balboa California Home Sales Statistics For January 2008

New Listings: 16

Average Listing Price: $ 508,112

Listings Under Contract: 4

Average Listing Price $ 443,009

Sold Listings: 3

Average Sales Price: $ 443,333

%Direfence Between Listing Price versus Selling Price: 95.34%

%Sales Price Versus Old Listing Price: 85.42%

Average Days on The Market: 98


http://www.sfvalleyhotproperties.com

Laguna Niguel California Home Sales Statistics for January 2008

New Listings: 136

Average Listing Price: $ 8676,428

Listings Under Contract: 12

Average Listing Price $ 755,906

Sold Listings: 38

Average Sales Price: $ 742.080

%Direfence Between Listing Price versus Selling Price: 94.60%

%Sales Price Versus Old Listing Price: 88.33%

Average Days on The Market: 104


http://www.sfvalleyhotproperties.com

Wednesday, April 16, 2008

City of La Habra Heights California Home Sales Statistics For January 2008

New Listings: 13

Average Listing Price: $ 976,207

Listings Under Contract: 4

Average Listing Price $ 891,750

Sold Listings: 2

Average Sales Price: $ 847,500

%Direfence Between Listing Price versus Selling Price: 101.20%

%Sales Price Versus Old Listing Price: 96.37%

Average Days on The Market: 47


http://www.sfvalleyhotproperties.com
City of La Habra California Home Sales Statistics For January 2008

New Listings: 92

Average Listing Price: $ 461,155

Listings Under Contract: 13

Average Listing Price $ 477,941

Sold Listings: 17

Average Sales Price: $ 408,676

%Direfence Between Listing Price versus Selling Price: 96.38%

%Sales Price Versus Old Listing Price: 90.71%

Average Days on The Market: 62


http://www.sfvalleyhotproperties.com
City of La Crescenta California Home Sales Statistics For January 2008

New Listings: 63

Average Listing Price: $ 615,549

Listings Under Contract: 2

Average Listing Price $ 676,150

Sold Listings: 0

Average Sales Price: $ 0

%Direfence Between Listing Price versus Selling Price: 0%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 0


http://www.sfvalleyhotproperties.com

Saturday, April 12, 2008

City of Hesperia California Home Sales Statistics For January 2008

New Listings: 23

Average Listing Price: $ 246,417

Listings Under Contract: 2

Average Listing Price $ 277,000

Sold Listings: 0

Average Sales Price: $ 0

%Direfence Between Listing Price versus Selling Price: 0%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 0


http://www.sfvalleyhotproperties.com
City of Hawthorne California Home Sales Statistics For January 2008


New Listings: 11

Average Listing Price: $ 456,536

Listings Under Contract: 3

Average Listing Price $ 394,966

Sold Listings: 2

Average Sales Price: $ 347,500

%Direfence Between Listing Price versus Selling Price: 92.44%

%Sales Price Versus Old Listing Price: 80.93%

Average Days on The Market: 63


http://www.sfvalleyhotproperties.com
City of Hawaiian Gardens California Home Sales Statistics For January 2008

New Listings: 18

Average Listing Price: $ 350,949

Listings Under Contract: 4

Average Listing Price $ 247,450

Sold Listings: 1

Average Sales Price: $ 430,000

%Direfence Between Listing Price versus Selling Price: 92.49%

%Sales Price Versus Old Listing Price: 91.12%

Average Days on The Market: 47


http://www.sfvalleyhotproperties.com

Wednesday, April 09, 2008

City of Gardena California Home Sales Statistics For January 2008


New Listings: 27

Average Listing Price: $ 407,370

Listings Under Contract: 3

Average Listing Price $ 557,300

Sold Listings: 5

Average Sales Price: $ 448,800

%Direfence Between Listing Price versus Selling Price: 96.98%

%Sales Price Versus Old Listing Price: 94.49%

Average Days on The Market: 47


http://www.sfvalleyhotproperties.com
City of Garden Grove California Home Sales Statistics For January 2008

New Listings: 192

Average Listing Price: $ 462,454

Listings Under Contract: 40

Average Listing Price $ 437,467

Sold Listings: 37

Average Sales Price: $ 433,370

%Direfence Between Listing Price versus Selling Price: 93.88%

%Sales Price Versus Old Listing Price: 83.89%

Average Days on The Market: 88


http://www.sfvalleyhotproperties.com
City of Fullerton California Home Sales Statistics For January 2008


New Listings: 156

Average Listing Price: $ 617,785

Listings Under Contract: 27

Average Listing Price $ 555,469

Sold Listings: 36

Average Sales Price: $ 485,640

%Direfence Between Listing Price versus Selling Price: 93.50%

%Sales Price Versus Old Listing Price: 87.86%

Average Days on The Market: 85


http://www.sfvalleyhotproperties.com

Friday, April 04, 2008

City of Diamond Bar California Home Sales Statistics For January 2008
New Listings: 10

Average Listing Price: $ 681,377

Listings Under Contract: 2

Average Listing Price $ 411.500

Sold Listings: 1

Average Sales Price: $ 655,000

%Direfence Between Listing Price versus Selling Price: 97.04%

%Sales Price Versus Old Listing Price: 97.04

Average Days on The Market: 5


http://www.sfvalleyhotproperties.com

Wednesday, April 02, 2008

City of Costa Mesa California Home Sales Statistics For January 2008

New Listings: 107

Average Listing Price: $ 635,797

Listings Under Contract: 15

Average Listing Price $ 527,365

Sold Listings: 26

Average Sales Price: $ 565,979

%Direfence Between Listing Price versus Selling Price: 96.30%

%Sales Price Versus Old Listing Price: 86.83%

Average Days on The Market: 93


http://www.sfvalleyhotproperties.com
City of Corona California Home Sales Statistics For January 2008

New Listings: 206

Average Listing Price: $ 483,266

Listings Under Contract: 18

Average Listing Price $ 437,905

Sold Listings: 30

Average Sales Price: $ 476,915

%Direfence Between Listing Price versus Selling Price: 96.47%

%Sales Price Versus Old Listing Price: 68.14%

Average Days on The Market: 77


http://www.sfvalleyhotproperties.com

City of Compton California Home Sales Statistics For January 2008

New Listings: 119

Average Listing Price: $ 338,695

Listings Under Contract: 10

Average Listing Price $ 333,440

Sold Listings: 14

Average Sales Price: $ 346,528

%Direfence Between Listing Price versus Selling Price: 99.45%

%Sales Price Versus Old Listing Price: 92.71%

Average Days on The Market: 110


http://www.sfvalleyhotproperties.com

Monday, March 31, 2008

City of Brentwood California Home Sales Statistics For January 2008

New Listings: 0

Average Listing Price: $ 0

Listings Under Contract: 0

Average Listing Price $ 0

Sold Listings: 1

Average Sales Price: $ 2,310,000

%Direfence Between Listing Price versus Selling Price: 92.44%

%Sales Price Versus Old Listing Price: 82.50%

Average Days on The Market: 128


http://www.sfvalleyhotproperties.com
City of Big Bear California Home Sales Statistics For January 2008

New Listings: 56

Average Listing Price: $414,651

Listings Under Contract: 4

Average Listing Price $284,347

Sold Listings: 7

Average Sales Price: $412,000

%Direfence Between Listing Price versus Selling Price: 91.10%

%Sales Price Versus Old Listing Price: 83.38%

Average Days on The Market:121


http://www.sfvalleyhotproperties.com
City of Beverly Hills California Home Sales Statistics For January 2008

New Listings: 3

Average Listing Price: $1,856,666

Listings Under Contract: 2

Average Listing Price $1,124,450

Sold Listings: 1

Average Sales Price: $1,000,000

%Direfence Between Listing Price versus Selling Price: 88.50%

%Sales Price Versus Old Listing Price: 88.50%

Average Days on The Market:7


http://www.sfvalleyhotproperties.com

Thursday, March 27, 2008

Artesia California Estate Home Sales Statistics For January 2008


New Listings: 16

Average Listing Price: $483.530

Listings Under Contract: 2

Average Listing Price $ 709.350

Sold Listings: 1

Average Sales Price: $ 390,000

%Direfence Between Listing Price versus Selling Price: 97.52%

%Sales Price Versus Old Listing Price: 86.69%

Average Days on The Market: 91


http://www.sfvalleyhotproperties.com

Tuesday, March 25, 2008

Arleta California Estate Home Sales Statistics For January 2008


New Listings: 59

Average Listing Price: $415,411

Listings Under Contract: 9

Average Listing Price $ 344,688

Sold Listings: 11

Average Sales Price: $ 407,536

%Direfence Between Listing Price versus Selling Price: 98.54%

%Sales Price Versus Old Listing Price: 90.64%

Average Days on The Market: 54


http://www.sfvalleyhotproperties.com

Monday, March 24, 2008

City of Anaheim California Estate Home Sales Statistics For January 2008


New Listings: 351

Average Listing Price: $455,605

Listings Under Contract: 56

Average Listing Price $ 392,836

Sold Listings: 57

Average Sales Price: $ 413,056

%Direfence Between Listing Price versus Selling Price: 95.93%

%Sales Price Versus Old Listing Price: 72.94%

Average Days on The Market: 99


http://www.sfvalleyhotproperties.com

Friday, March 21, 2008

City of Acton California Estate Home Sales Statistics For January 2008

New Listings: 16

Average Listing Price: $589,064

Listings Under Contract: 3

Average Listing Price $ 576,300

Sold Listings: 3

Average Sales Price: $ 411,666

%Direfence Between Listing Price versus Selling Price: 95.37%

%Sales Price Versus Old Listing Price: 81.36%

Average Days on The Market: 116

http://www.sfvalleyhotproperties.com

Wednesday, March 19, 2008

City of Woodland Hills California Estate Home Sales Statistics For 2007

New Listings: 2

Average Listing Price: $847,000

Listings Under Contract: 1

Average Listing Price $ 910,000

Sold Listings: 1

Average Sales Price: $ 609,000

%Direfence Between Listing Price versus Selling Price: 100.00%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 106

http://www.sfvalleyhotproperties.com

Tuesday, March 18, 2008

City of West Covina California Estate Home Sales Statistics For 2007

New Listings: 22

Average Listing Price: $551,556

Listings Under Contract: 5

Average Listing Price $473,000

Sold Listings: 7

Average Sales Price: $457,152

%Direfence Between Listing Price versus Selling Price: 99.14%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 52

http://www.sfvalleyhotproperties.com

Friday, March 14, 2008

Sunset Beach California Real Estate Home Sales Statistics For 2007

New Listings: 2

Average Listing Price: $ 1,547,000

Listings Under Contract: 0

Average Listing Price $ 0

Sold Listings: 2

Average Sales Price: $1,025,875

%Direfence Between Listing Price versus Selling Price: 100.13%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 32

http://www.sfvalleyhotproperties.com

Thursday, March 13, 2008

South El Monte California Real Estate Home Sales Statistics For 2007

New Listings: 1

Average Listing Price: $505,000

Listings Under Contract: 0

Average Listing Price $ 0

Sold Listings: 1

Average Sales Price: $ 493,000

%Direfence Between Listing Price versus Selling Price: 99.00%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 33

http://www.sfvalleyhotproperties.com

Monday, March 10, 2008

Sherman Oaks California Real Estate Homes Sales Statistics for January 2008

New Listings: 145

Average Listing Price: $946,218

Listings Under Contract: 20

Average Listing Price $755,748

Sold Listings: 23

Average Sales Price: $724,247

%Direfence Between Listing Price versus Selling Price: 94.79%

%Sales Price Versus Old Listing Price: 88.79%

Average Days on The Market: 83

http://www.sfvalleyhotproperties.com

Thursday, March 06, 2008

City of Rosemead California Real Estate Home Sales Statistics for 2007

New Listings: 8

Average Listing Price: $ 519,737

Listings Under Contract: 1

Average Listing Price: $ 465,000

Listings Sold: 1

Average Sols Selling Price $ 400,000

%Direfence Between Listing Price versus Selling Price: 97.58%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 130

http://www.sfvalleyhotproperties.com

Wednesday, March 05, 2008

City of Redondo Beach California Real Estate Home Sales Statistics For 2007


New Listings: 5

Average Listing Price: $ 836,560

Listings Under Contract: 3

Average Listing Price: $ 724,963

Listings Sold: 1

Average Sols Selling Price $ 660,000

%Direfence Between Listing Price versus Selling Price: 100.15%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 155

http://www.sfvalleyhotproperties.com

Tuesday, March 04, 2008

City of Pasadena California Real Estate Home Sales Statistics For 2007

New Listings: 11

Average Listing Price: $ 726,418

Listings Under Contract: 2

Average Listing Price: $ 441,250

Listings Sold: 2

Average Sols Selling Price $ 651,000

%Direfence Between Listing Price versus Selling Price: 100.15%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 117

http://www.sfvalleyhotproperties.com

Sunday, March 02, 2008

City of Oxnard Ca Home Sales Statistics For 2007

City of Oxnard California Real Estate Homes Sales Statistics for 2007

New Listings: 1

Average Listing Price: $ 744,900

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold: 1

Average Sols Selling Price $ 645,077

%Direfence Between Listing Price versus Selling Price: 93.20%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 65


Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends



Thursday, February 28, 2008

City of North Hills Home Sales Statistics For 2007

City of North Hills California Real Estate Homes Sales Statistics for 2007

New Listings: 5

Average Listing Price: $535,758

Listings Under Contract: 1

Average Listing Price: $ 549,900

Listings Sold: 0

Average Sols Selling Price $ 0

%Direfence Between Listing Price versus Selling Price: 0%

%Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 0

Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends




Wednesday, February 27, 2008

City of Mount Washington California Real Estate Home Sales Statistics for 2007


New Listings: 15

Average Listing Price: $742,789

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold: 1

Average Selling Price: $525,000

%Direfence Between Listing Price versus Selling Price: 95.47%

%Sales Price Versus Old Listing Price: 86.08%

Average Days on The Market: 100

http://www.sfvalleyhotproperties.com

Monday, February 25, 2008

Existing-home sales hit lowest level on record
NAR: Median price falls 4.6% year-over-year in January

The projected annual rate of sales for resale homes fell 23.4 percent in January compared to the same month last year, and the median price was down 4.6 percent, the National Association of Realtors reported today.

The sales rate -- a projection of a monthly total over a 12-month period, adjusted to account for seasonal fluctuations in sales activity -- hit its lowest level since the association began tracking combined sales of previously owned condos and single-family homes in 1999.

In January, the sales rate for single-family resale homes was 4.34 million, up from 4.32 million in December but 22.4 percent below the January 2007 rate. The December 2007 sales rate single-family resale homes was the lowest since 4.18 million in January 1998.

The combined sales rate for condo and single-family resale homes dropped for the sixth consecutive month in January. The for-sale inventory of resale homes climbed to a supply of 10.3 months in January, which suggests it would take that long to exhaust the January supply of for-sale homes based on that month's pace of sales. The January inventory was up 53.7 percent compared to a supply of 6.7 months in January 2007.

NAR reported that the median price for all resale home types was $201,100 in January, down from $210,900 in January 2007 and $207,000 in December 2007.

The median price for single-family resale homes was $198,700 in January, down 5.1 percent compared to January 2007; and the median price for resale condos and co-ops was $220,400, down from $222,600 in January 2007 and $220,400 in December 2007.

Regionally, the sales rate for all types of resale homes dropped 27.3 percent in the West, 26.2 percent in the Northeast, 21.8 percent in the South and 20.8 percent in the Midwest in January 2008 compared to January 2007.

And the median sales price for all resale homes dropped 6.7 percent in the West, 5.9 percent in the South, and 4 percent in the Midwest while rising 3.1 percent in the Northeast in January compared to January 2007.

Sales of previously owned homes have fallen for the past two years after peaking at 7.08 million in 2005, NAR reported. Sales of resale homes dropped 8.5 percent for the full year in 2006 compared to the previous year, and fell another 12.8 percent in 2007.

The U.S. Census Bureau reported last month that sales of new single-family homes dropped 26.4 percent in 2007 compared to 2006 -- the steepest drop since 1963, the first year that the agency began tracking the sales. An estimated 774,000 new homes were sold in 2007.

And the median sales price of new homes was $219,200 in December 2007, down 10.4 percent compared to December 2006.

Richard Gaylord, NAR president, said in a statement that he expects that the pending higher limits for conventional loans will help some buyers in high-cost markets. "Once buyers have greater access to higher loan limits, it will take a few months for increased shopping activity to translate into higher sales," he stated.

NAR will release existing-home sales statistics for February on March 24, and the group's next annual forecast and pending home sales report is scheduled for release on March 6.

***

Thursday, February 21, 2008

City of Monterrey Hills California Real Estate Home Sales Statistics for 2007

New Listings: 4

Average Listing Price: $462,962

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold: 3

Average Selling Price: $426,666

%Direfence Between Listing Price versus Selling Price: 96.24%

%Sales Price Versus Old Listing Price: 90.78%

Average Days on The Market: 61

http://www.sfvalleyhotproperties.com

Wednesday, February 20, 2008

CITY OF MONTCLAIR CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007

New Listings:81

Average Listing Price: $414,800

Listings Under Contract: 1

Average Listing Price: $310,000

Listings Sold: 17

Average Selling Price: $375,817

%Direfence Between Listing Price versus Selling Price: 98,66%

%Sales Price Versus Old Listing Price: 95.98%

Average Days on The Market: 48

http://www.sfvalleyhotproperties.com

Tuesday, February 19, 2008





Puerto Vallarta Mexico


CITY OF MANHATTAN BEACH CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007

Average Listing Price: $1,801,158

Listings Under Contract: 1

Average Listing Price: $1,649,000

Listings Sold: 7

Average Selling Price: $1,912,142

%Direfence Between Listing Price versus Selling Price: 95.54%

%Sales Price Versus Old Listing Price: 92.09%

Average Days on The Market: 46



http://www.sfvalleyhotproperties.com

Wednesday, February 13, 2008

CITY OF LOS ANGELES CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007

New Listings:4696

Average Listing Price: $523,389

Listings Under Contract: 55

Average Listing Price: $410,165

Listings Sold: 1077

Average Selling Price: $526,090

%Direfence Between Listing Price versus Selling Price: 97,85%

%Sales Price Versus Old Listing Price: 95.16%

Average Days on The Market: 67



http://www.sfvalleyhotproperties.com

Tuesday, February 12, 2008

CITY OF LAKE VIEW TERRACE CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007


New Listings: 91

Average Listing Price: $585,254

Listings Under Contract: 1

Average Listing Price: $515,000

Listings Sold: 30

Average Selling Price: $492,353

%Direfence Between Listing Price versus Selling Price: 94.55%

%Sales Price Versus Old Listing Price: 91.40%

Average Days on The Market: 85


http://www.sfvalleyhotproperties.com

Monday, February 11, 2008

CITY OF LA CRESCENTA CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007


New Listings: 48

Average Listing Price: $756,531

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold: 19

Average Selling Price: $794,177

%Direfence Between Listing Price versus Selling Price: 96.33%

%Sales Price Versus Old Listing Price: 94.66%

Average Days on The Market: 48


http://www.sfvalleyhotproperties.com

Wednesday, February 06, 2008

CITY OF GLENDALE CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007


New Listings: 401

Average Listing Price: $654,434

Listings Under Contract: 9

Average Listing Price: $479,333

Listings Sold: 149

Average Selling Price: $613,733

%Direfence Between Listing Price versus Selling Price: 95.71%

%Sales Price Versus Old Listing Price: 93.03%

Average Days on The Market: 69

Tuesday, February 05, 2008

DOWNEY CALIFORNIA REAL ESTATE HOME SALES STATISTICS FOR 2007

New Listings: 1807

Average Listing Price: $1,257,308

Listings Under Contract: 17

Average Listing Price: $510,694

Listings Sold: 432

Average Selling Price: $616,332

%Direfence Between Listing Price versus Selling Price: 96.49%

%Sales Price Versus Old Listing Price: 74.46%

Average Days on The Market: 75

Monday, February 04, 2008

City of Commerce California Real Estate Homes Sold in 2007

New Listings: 46

Average Listing Price: $446,776

Listings Under Contract: 4

Average Listing Price: $450,000

Listings Sold: 13

Average Selling Price: $460,653

% of Direfence Between Listing Price versus Selling Price: 97.64%

% Sales Price Versus Old Listing Price: 96.86%

Average Days on The Market: 72

Friday, February 01, 2008

Camarillo CA Homes Sold in 2007

Camarillo California Real Estate Homes Sold in 2007

New Listings: 155

Average Listing Price: $1,211,937

Listings Under Contract: 1

Average Listing Price: $350,032

Listings Sold: 32

Average Selling Price: $890,923

% of Direfence Between Listing Price versus Selling Price: 91.67%

% Sales Price Versus Old Listing Price: 89.24%

Average Days on The Market: 73


Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends


Thursday, January 31, 2008

Canoga Park California Real Estate Home Sales Statistics For 2007

New Listings: 943

Average Listing Price: $441,122

Listings Under Contract: 17

Average Listing Price: $373,158

Listings Sold: 257

Average Selling Price: $428,871

% of Direfence Between Listing Price versus Selling Price: 98.24%

% Sales Price Versus Old Listing Price: 94.56%

Average Days on The Market: 70

Wednesday, January 30, 2008

Burbank California Real Estate Home Sales Statistics For 2007

New Listings: 1514

Average Listing Price: $673,782

Listings Under Contract: 31

Average Listing Price: $667,793

Listings Sold:758

Average Selling Price: $642,705

% of Direfence Between Listing Price versus Selling Price: 97.30%

% Sales Price Versus Old Listing Price: 94.20%

Average Days on The Market:58

Monday, January 28, 2008

Bakersfield California Real Estate Homes Sales Statistis for 2007

New Listings: 524

Average Listing Price: $303,829

Listings Under Contract: 4

Average Listing Price: $204,212

Listings Sold:75

Average Selling Price: $302,520

% of Direfence Between Listing Price versus Selling Price: 97.10%

% Sales Price Versus Old Listing Price: 92.05%

Average Days on The Market:64

Thursday, January 24, 2008

Bel Air California Real Estate Homes Sold in 2007

New Listings: 8

Average Listing Price: $2,700,993

Listings Under Contract: 0

Average Listing Price: $0

Listings Sold:1

Average Selling Price: $3,945,000

% of Direfence Between Listing Price versus Selling Price: 95.75%

% Sales Price Versus Old Listing Price:88.48%

Average Days on The Market:136

Wednesday, January 23, 2008

01/24/08

Available homes for sale in Sylmar and Arleta under $350,000, most of them are 3bedrooms and some are 4 bedrooms. I've seen prices coming down sharply lately.

If you have been thinking in buying a house to live in it or as investment property, now is the time, when the market swing back you'll create equity and wealth.

Some of the homes for sale are Short Sales, others are Probates, Fixer Uppers and Reo Homes also called Bank Owned Homes. If you want more information on them e-mail me or call me.

http://www.sfvalleyhotproperties.com

Tuesday, January 22, 2008

Artesia California Real Estate Home Sales Statistics For 2007


New Listings: 206

Average Listing Price: $516,637

Listings Under Contract: 3

Average Listing Price: $504,966

Listings Sold:51

Average Selling Price: $513,743

% of Direfence Between Listing Price versus Selling Price: 95.29%

% Sales Price Versus Old Listing Price:93.24%

Average Days on The Market:67

Wednesday, January 16, 2008

100% Mortgage Loan with NO Closing Cost for First Time Home Buyers

In regards to the same matter that posted on this blog on 01/08/2008, I just want to give you an update on it, the 30 Year Fixed Interest Rate for that program went down to 4.750%, so if you've been thinking in becoming a home owner, now is the time to do so using this program.

For more information go to http://www.sfvalleyhotproperties.com and click on First Time Home Buyers to find out more information, and if that is not enough you can e-mail me from my website or call me, my number is posted there.

I hope this is helpfull and usefull.

Alberto Pacheco
Realtor Consultant
Remax Olson & Associates

Tuesday, January 08, 2008

Bank Owned Homes in Long Beach as of 01/08/2008

As of today there are 59 bank owned homes also called reo`s in Long Beach the starting price is $179,900 for a 2 bedrooms, 1bath house, next price is $184,500 for a 1bedroom, 1bath house, also $185,000 for a 2bedroom, 1bath house, then go up to $240,000 and on.

The lowest 3bedrooms, 2bath goes for $323,000, also the lowest 4bedrooms, 2bath goes for $325,000.

As you can see prices are very good in long beach comparing to the prices 2 years ago and back, if you are seriously thinking in buying in Long Beach, let me inform you that for First Time Home Buyers there is a 100% Mortgage Loan Available with NO Closing cost and the Interest rate as of TODAY is 4.875% FIXED FOR 30 YEARS.

You are not going to be able to get something like this with any lender other that the one I know, they are the Biggest Bank in the World and it is based in the USA.

They are also able to lend you as First Time Buyer to buy a DUPLEX, TRIPLEX OR FOURPLEX, there is no better than this. You may thing that this sounds to good to be true, but it is.

The requisit is be 1st Time Home buyer and present 2 year income tax forms, and you may qualify acording to your income.

If interested in finding more information about this program, e-mail me or call me.

By the way it also applies for the Entire Los Angeles, San Bernardino counties including Palmdale and Lancaster.

Monday, January 07, 2008

Alhambra Real Estate Homes Sold from 01/01 - 12/31/2007

New Listings: 78

Average Listing Price: $530,104

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold: 30

Average Selling Price: $475,376

% of Direfence Between Listing Price versus Selling Price: 97.40%

% Sales Price Versus Old Listing Price: 95.72%

Average Days on The Market: 55
Alhambra Real Estate Home Sales Statistics for December 2007


New Listings: 6

Average Listing Price: $624,833

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold:0

Average Selling Price: $0

% of Direfence Between Listing Price versus Selling Price: 9%

% Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 0
Long Beach Real Estate Homes Sold from 01/01 - 12/31/2007

New Listings: 6972

Average Listing Price: $553,268

Listings Under Contract: 146

Average Listing Price: $453,620

Listings Sold: 2610

Average Selling Price: $543,851

% of Direfence Between Listing Price versus Selling Price: 97.21%

% Sales Price Versus Old Listing Price: 87.74%

Average Days on The Market: 67

Thursday, January 03, 2008

Long Beach Real Estate Home Sales Statistics For December 2007

New Listings: 304

Average Listing Price: $517,140

Listings Under Contract: 90

Average Listing Price: $441,778

Listings Sold:149

Average Selling Price: $481,845

% of Direfence Between Listing Price versus Selling Price: 96.70%

% Sales Price Versus Old Listing Price: 90.67%

Average Days on The Market: 76

Monday, December 31, 2007

I WISH YOU ALL A HAPPY NEW YEAR

From Puerto Vallarta, Mexico

Alberto Pacheco

Tuesday, December 25, 2007

Tuesday, December 18, 2007

Long Beach Real Estate Home Sales Statistics For November 2007

New Listings: 436

Average Listing Price: $585,515

Listings Under Contract: 100

Average Listing Price: $452,184

Listings Sold:128

Average Selling Price: $503,748

% of Direfence Between Listing Price versus Selling Price: 96.21%

% Sales Price Versus Old Listing Price: 90.94%

Average Days on The Market: 79

Thursday, December 06, 2007

If you or someone you know is 30 days or more delinquent on their home loan, there are several option that are available to help you on them in this time of great need. Please call me as there are several solution that I may be able to recommend to you that would lessen your mortgage burden and get you on path of recovery. Some of the solutions include:

Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.

Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.

Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.

Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.

I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!

Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.

Tuesday, November 20, 2007

Valley Glen Home Sales Statistics for October 2007

Listings:19
New Average Listings Price $624,719
Under Contract: 11
Average Listing Price: $620,100
Sold:4
Average Sold Price:$515,750
% Sales Price / Listing Price: 96,54%
Sales Price / Old Listing Price: 89.81%
Average Days on the Market:56
Valley Village Home Sales Statistics for October 2007

Listings:55
New Average Listings Price $712,780
Under Contract: 8
Average Listing Price: $520,499
Sold:14
Average Sold Price:$774,698
% Sales Price / Listing Price: 95.42%
Sales Price / Old Listing Price: 92.69%
Average Days on the Market:57

Friday, November 16, 2007

Northridge Home Sales Statistics for September 2007


Property Type: Residential

New: 138
Average Listing Price: $658,080
Under Contract: 17
Average Listing Price: $608,942
Sold: 39
Average Sold Price: $658,974
% Sales Price/Listing Price: 97.68%
% Sales PRice/Old Listing Price: 92.91%
Average Days on the Market: 70

Wednesday, November 07, 2007

Subprime Mortgages

If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.

At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.

I hope you take advantage of the low interest rate.

Tuesday, October 30, 2007

Countrywide

The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.

If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.

The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.

There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.

If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.

Monday, October 15, 2007

San Fernando CA August 2007 Home Sales Statistics

Residential

New: 49
Average Listing Price: $464,535
Under Contract: 10
Average Listing Price: $450,375
Sold: 10
Average Sold Price: $454,800
% Sales Price/Listing Price: 96.77%
% Sales PRice/Old Listing Price: 94.18%
Average Days on the Market: 69
July Home Sales Statistics San Fernando CA

Property Type: Residential

New: 51
Average Listing Price: $487,205
Under Contract: 4
Average Listing Price: $439,737
Sold: 5
Average Sold Price: $469,900
% Sales Price/Listing Price: 100.03%
% Sales PRice/Old Listing Price: 96.93%
Average Days on the Market: 57

Wednesday, October 10, 2007

August Home Sales in The San Fernando Valley

According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.

On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.

We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.

Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.

Saturday, October 06, 2007

Burbank Real Estate

Homes and Condos Sold Burbank for August 2007

ZIP CODE 91501


Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%

Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%

ZIP CODE 91502

Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%

ZIP CODE 91504

Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%


Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%

ZIP CODE 91505

Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%

Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%

ZIP CODE 91506

Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%

Thursday, September 06, 2007

YTD Activity Report: 1/1/2007 through 8/31/2007

Property Type: Residential Granada Hills


Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64

Tuesday, September 04, 2007

Homes Sold In Northridge For August 2007

Property Type: Residential

New Listings: 154
Average Listing PriceP: $756,113
Under Contract: 28
Average Listing Price: $604.670
Sold: 48
Average Sold Price: $658,579
%Sales Price/Listing Price: 97.43%
% Sales Price / Old Listing Price: 94.45%
Average Days on the Market: 71
Homes Sold In Granada Hills For August 2007

Property Type: Residential

New Listings: 81
Average Listing PriceP: $673,437
Under Contract: 18
Average Listing Price: $677,658
Sold: 22
Average Sold Price: $600,373
%Sales Price/Listing Price: 97.57%
% Sales Price / Old Listing Price: 94.23%
Average Days on the Market: 50

Sunday, August 19, 2007

Homes Sold in Chatsworth for July 2007


New: 75
Avg Listing Price: $889,865
Under Contract: 18
Avg Listing Price: $751,871
Sold: 30
Avg Sales Price: $626,400
%Sales Price Versus /Listing Price: 98.66%
Avg Days on the Market: 49
Homes Sold In Chatsworth For June 2007

Property Type: Residential
New: 75
Avg LP: $934,278
Under Contract: 18
Avg LP: $704,532
Sold: 38
Avg SP: $701,915
%SP/LP: 96.85%
Avg DOM: 61

Tuesday, August 14, 2007

Foreclosures


LOS ANGELES/LONG BEACH, CA has 38,199 Foreclosures filings and 1 Filing per 87 Households, an increase of 125% from the 1st Half of 2006

Tuesday, July 17, 2007

Foreclosures
7/17/07

According to real estate data provider PropertyShark.com, Foreclosures were on the rise in Los Angeles, in the second quarter,recorded 3,793 first-time trustee sales during the period, an increase of 54.6 percent from the first quarter of 2007, and a 202 percent increase compared to the first quarter of 2006.

The top five ZIP codes in Los Angeles County for trustee sales were in Lancaster and Palmdale.

Tuesday, July 10, 2007

Homes Sold on the 1st Quarter of 2007

Van Nuys Zip Code 91401

Average Price $ 510,800
Homes Sold 34
Average Days on the Market 54
% of Asking Price/Sold Listing Price 97.3 %

Van Nuys Zip Code 91402

Average Price $ 454,500
Homes Sold: 34
Average Days on Market: 89
% of Asking Price/Sold Listing Price: 98.9%

Van Nuys Zip Code 91405

Average Price $ 491,200
Homes Sold: 33
Average Days on Market: 69
% of Asking Price/Sold Listing Price: 96.2%

Van Nuys Zip Code 91406

Average Price $ 521,900
Homes Sold: 48
Average Days on The Market: 85
% of Asking Price / Sold Listing Price: 97%

Saturday, May 05, 2007

VIDEO

Townhome For Sale Located at 13102 1/2 Dronfield, Sylmar CA 91342n


VIDEO LISTINGAlberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends



Wednesday, May 02, 2007

Homes Sold in Tarzana Woodland Hills and West Hills on First Quarter of 2007

1st Quarter of 2007

Tarzana

New Listings 250
Sold Listings 49
Avg Listing Price $993,161
Avg Sold Price $755,424
Days on The Market 73


Woodland Hills

New Listings 475
Sold Listings 119
Avg Listing Price $872,209
Avg Sold Price $796,217
Days on The Market 69


West Hills

New Listings 218
Sold Listings 63
Avg Listing Price $724,163
Avg Sold Price $640,853
Days on The Market 70


Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends


Friday, April 13, 2007

Homes Sold in Arleta Canoga Park and Encino First Quarter of 2007

San Ferndando Valley Statistics

For the 1st Quarter of 2007

ARLETA

Listings: 134
Average Listing Price $ 533,318
Homes Sold: 18
Average Sold Price $ 493,466
Average Days on The Market: 83

CANOGA PARK

Listings: 200
Average Listing Price $ 472,831
Homes Sold: 27
Average Sold Price $ 427,494
Average days on the Market: 97

ENCINO

Lisitings: 338
Average Listing Price $ 1,082,961
Homes Sold: 59
Average Sold Price $ 915,500
Average Days on the Market : 62

Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends



Thursday, February 22, 2007

Real Estate

Rates on 30-year mortgages fell this week to the lowest level in six weeks.

The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22% this week compared with 6.30% last week.

The decline was only the second since early December. It pushed rates to the lowest level since the 30-year mortgage was at 6.21% the week of Jan. 11.

Analysts said the drop reflected in part weakness in the housing industry, shown by a 14.3% plunge in construction of new homes and apartments in January. That decline pushed the seasonally adjusted annual rate of home building down to 1.408 million units last month, the slowest pace in nearly a decade.

"Market participants were concerned over how much drag the slowing housing market may have on economic growth," said Frank Nothaft, Freddie Mac's chief economist.

Freddie Mac's survey showed that other types of mortgage rates also fell this week.

Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, were at 5.97%, down from 6.03% last week.
Five-year adjustable rate mortgages slipped to 5.96% from 6.01% last week.

One-year ARMs dropped to 5.49% from 5.52% last week.
The mortgage rates do not include add-on fees known as points. Thirty-year, 15-year and five-year mortgages all carried a nationwide average fee of 0.5 point. One-year mortgages carried an average fee of 0.7 point.

A year ago, rates on 30-year mortgages stood at 6.26% while 15-year mortgages were at 5.89%, five-year adjustable rate mortgages averaged 5.96% and one-year ARMs were at 5.32%.