5 Common First Time Home Buyer Mistakes
5 Nov 10
1. They don’t ask enough questions of their lender and end up missing out on the best deal.
2. They don’t act quickly enough to make a decision and someone else buys the house.
3. They don’t find the right agent who’s willing to help them through the homebuying process.
4. They don’t do enough to make their offer look appealing to a seller.
5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.
Source: Real Estate Checklists and Systems
Darin Weidauer
Weidauer Group – The Leader in Real Estate
Realtor – Los Angeles – Las Vegas
CA DRE License #01870184
424-400-4056 or 310-896-5769 Español
NV DRE License #S.0070208
702-582-7084 or 424-400-4056 Español
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
When Is a Real Estate Agent a REALTOR®?
28 Oct 2010
A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate®, the world’s largest professional association. The term “REALTOR®” is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and abides by its strict Code of Ethics.
Founded in 1908, NAR has grown from its original nucleus of 120 members to more than 1 million today. NAR is composed of REALTORS® who are involved in residential and commercial real estate as brokers, salespeople, property managers, appraisers, counselors, and others who are engaged in all aspects of the real estate industry.
Members belong to one or more of 1,700 local associations/boards and 54 state and territory associations of REALTORS® and can join one of our many institutes, societies, and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections. REALTORS® are pledged to a strict Code of Ethics and Standards of Practice.
Working for America’s property owners, the NATIONAL ASSOCIATION OF REALTORS® provides a facility for professional development, research, and exchange of information among its members.
Check out the Public Awareness Campaign television and radio spots that encourage consumers to rely on the expertise and integrity of REALTORS®.
The NAR advertising campaign runs February through November on network and cable television and network and satellite radio, helping consumers understand the real value of working with REALTORS®. From their voluntary adherence to a Code of Ethics to their incomparable knowledge of real estate processes, REALTORS® are the experts of residential and commercial property transactions.
Southern California Home Sales Drop Again, Median Price Edges Up
October 19, 2010
La Jolla, CA—Southland home sales dropped for the third month in a row amid renewed doubts about a market that is recovering in fits and starts. The median price moved up on a year-over-year basis for the tenth month in a row and has regained about one-fifth of its peak-to-trough loss. The effects on the market of the latest chapter in the foreclosure crisis are unclear, a real estate information service reported.
A total of 18,091 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in September. That was down 2.4 percent from 18,541 in August, and down 16.0 percent from 21,539 for September 2009, according to MDA DataQuick of San Diego.
This was the slowest September since 2007, when 12,455 homes were sold. Last month’s sales were 26.3 percent lower than the September average of 24,578. DataQuick’s statistics begin in 1988. An August-to-September drop is normal for the season: On average, sales have dipped 9.2 percent between those two months.
“Today’s market can be characterized as much by activity that’s not happening, as by the activity that is happening. We’re seeing distress-selling, bargain-hunting and entry-level buying, while the rest of the market is still largely on hold,” said John Walsh, MDA DataQuick president.
“As many wait for this market uncertainty and turbulence to pass, demand is being generated and is accumulating. At some point, the mortgage spigot will be re-opened and there will be a surge of buying activity, probably financed with low interest rates,” he said.
The median price paid for a Southland home was $295,500 last month. That was up 2.6 percent from $288,000 in August, and up 7.5 percent from $275,000 for September 2009. The low point of the current cycle was $247,000 in April 2009, while the high point was $505,000 in mid 2007. The median’s peak-to-trough drop was due to a decline in home values as well as a shift in sales toward low-cost homes, especially foreclosures.
Foreclosure resales accounted for 33.4 percent of the resale market last month, down from 34.5 percent in August and down from 40.4 percent a year ago. The all-time high was February 2009 at 56.7 percent, DataQuick reported.
Government-insured FHA loans, a popular choice among first-time buyers, accounted for 36.4 percent of all mortgages used to purchase homes in September, down from 37.3 percent in August and 38.9 percent a year ago.
Last month 21.2 percent of all sales were for $500,000 or more, the same as August and up from 20.0 percent a year ago. The low point for $500,000-plus sales was in February last year, when 13.6 percent of sales crossed that threshold. Over the past decade, a monthly average of 25.4 percent of homes sold for $500,000 or more.
Viewed a different way, Southland zip codes in the top one-third of the housing market, based on historical prices, accounted for 31.0 percent of existing single-family house sales last month, up from 30.0 percent in August and 28.4 percent a year ago. Over the last decade those higher-end areas have contributed a monthly average of 33.3 percent of regional sales. Their contribution to overall sales hit a low of 21.0 percent in January 2009.
High-end sales would be stronger if adjustable-rate mortgages (ARMs) and “jumbo” loans were easier to obtain. Both have become much more difficult to get since the credit crunch hit three years ago.
While about 44 percent of all Southland purchase mortgages since 2000 have been ARMs, the figure was 5.5 percent last month, up from 5.4 percent in August and up from 4.0 percent in September last year.
Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 18.1 percent of last month’s purchase lending, the same as the month before and up from 15.2 percent in September 2009. Before the August 2007 credit crisis, jumbos accounted for 40 percent of the market.
Absentee buyers – mostly investors and some second-home purchasers – bought 21.0 percent of the homes sold in September, paying a median of $205,000. Buyers who appeared to have paid all cash – meaning there was no indication that a corresponding purchase loan was recorded – accounted for 25.3 percent of September sales, paying a median $200,000. In February this year, cash sales peaked at 30.1 percent. The 22-year monthly average for Southland homes purchased with cash is 14.2 percent.
The “flipping” of homes has trended higher over the past year. Last month the percentage of Southland homes bought and re-sold within a six-month period was 3.7 percent, up from 3.5 percent in August and 2.6 percent a year earlier. Last month’s flipping rate varied from as little as 2.9 percent in Riverside County to as much as 4.2 percent in Orange County.
MDA DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.
The typical monthly mortgage payment that Southland buyers committed themselves to paying was $1,177 last month, up from $1,158 for August, and down from $1,189 September a year ago. Adjusted for inflation, current payments are 47.5 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They were 57.0 percent below the current cycle’s peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards but is lower than peak levels reached over the last two years. Financing with multiple mortgages is very low and down payment sizes are stable, MDA DataQuick reported.
Sales Volume Median Price
All homes Sep-09 Sep-10 %Chng Sep-09 Sep-10 %Chng
Los Angeles 7,138 6,070 -15.0% $330,000 $340,000 3.00%
Orange 2,828 2,524 -10.7% $429,000 $445,000 3.70%
Riverside 4,312 3,292 -23.7% $185,000 $200,000 8.10%
San Bernardino 3,023 2,454 -18.8% $150,000 $160,000 6.70%
San Diego 3,454 3,069 -11.1% $325,000 $330,500 1.70%
Ventura 784 682 -13.0% $371,750 $370,000 -0.50%
SoCal 21,539 18,091 -16.0% $275,000 $295,500 7.50%
Mortgage Rates At Their Lowest Level This Year
May 27, 2010
As the European debt turmoil continues investors are pouring their money into U.S. government securities and as a result mortgage rates have fallen to their lowest level so far this year.
Freddie Mac reported today that the average rate on a 30-year fixed mortgage dropped to 4.78 percent this week down from 4.84 percent last week which is the lowest level since early December when rates hit 4.71 percent.
The European debt crisis has pushed yields for both 10-year and 30-year Treasury bonds to their lowest levels of 2010. Rates on 30-year home loans and 10-year notes often rise and fall in line with one another.
Rates were pushed down to very low levels last year by a campaign that the Federal Reserve started in order to reduce borrowing costs for consumers. Mortgage rates were expected to begin an upwardly climb after the program ended this spring, but, instead they have dipped primarily due to fears that the government of Greece would default on its debt and in turn boosted the demand for U.S. Treasurys.
Two Months Of Gains In New Home Sales
May 26, 2010
April posted another big gain in new home sales as buyers raced to sign contracts for new homes before the two government home-buyer tax credits expired on April 30th.
The Commerce Department reported today that sales of new single-family homes in April jumped up 14.8 percent to a seasonally adjusted annual rate of 504,000 units which followed March’s gains of 29.8 percent which was the biggest monthly increase in almost 50 years.
Both March and April had a higher volume of buyers trying to sign sales contracts before the tax credits expired. Furthermore, low mortgage rates combined with the tax incentives really fueled purchases during those two months.
Despite the large amount of new home sales, home values did not get a boost. The median sales price fell to $198,400 which is 9.6 percent below the March median price for a new home.
March and April’s big surge in new home sales were the highest levels of sales since May 2008. Sales around the nation were higher in April. In the Midwest sales were up 31.6 percent with the West showing an increase of 21.7 percent. Even the South posted a 10.8 percent increase.
California Statewide March Home Sales
April 15, 2010
An estimated 37,295 new and resale houses and condos were sold statewide last month. That was up 32.7 percent from 28,111 in February, and up 3.0 percent from 36,215 in March 2009. California sales for the month of March have varied from a low of 24,565 in 2008 to a peak of 68,848 in 2005, while the average is 44,486. MDA DataQuick’s statistics go back to 1988.
The median price paid for a home last month was $255,000, up 2.4 percent from $249,000 in February, and up 14.3 percent from $223,000 in March a year ago. The year-over-year increase was the fifth in a row, following 27 months of year-over-year declines. The median peaked at $484,000 in early 2007 and hit a post-boom low of $221,000 last April.
Of the homes that resold last month, 40.5 percent were properties that had been foreclosed on during the past year. That was down from 44.3 percent in February and down from 56.7 percent in March a year ago. The last time foreclosures resales were lower than last month was in November 2009, when they were 40.1 percent of the resale market.
The typical mortgage payment that home buyers committed themselves to paying last month was $1,091. That was up from $1,068 in February, and up from $958 in March a year ago. Adjusted for inflation, last month’s mortgage payment was 49.1 percent below the spring 1989 peak of the prior real estate cycle. It was 58.7 percent below the current cycle’s peak in June 2006.
Indicators of market distress continue to move in different directions. Foreclosure activity is off its peaks reached in the past two years but remains high by historical standards. Financing with multiple mortgages is low, down payment sizes are stable, cash and non-owner occupied buying remains above average, MDA DataQuick reported.
More Incremental Gains for Southland Real Estate Market
April 13, 2010
La Jolla, CA—Home sales and prices continued their steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage interest rates. The market is still tilted toward low-cost distress sales, but not by as much as previously, a real estate information service reported.
A total of 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 33.3 percent from 15,359 in February, and up 5.0 percent from 19,506 in March 2009, according to MDA DataQuick of San Diego.
Sales always go up from February to March. Last month was the 21st in a row with a year-over-year sales increase. The March sales average is 24,936 going back to 1988, when DataQuick’s statistics begin.
“It’s a reflection of just how grim things got, that we’ve now had almost two years of sales gains and we’re still 18 percent below the sales average. The market won’t rebalance until mortgage lending patterns normalize, and that’s just not happening yet. Some of the best deals out there right now are happening when the buyer comes in with cash,” said John Walsh, MDA DataQuick president.
The median price paid for a Southland home was $285,000 last month, up 3.6 percent from $275,000 in February, and up 14.0 percent from $250,000 for March 2009.
The median peaked at $505,000 in mid 2007 and appears, so far, to have bottomed out at $247,000 in April last year. The peak-to-trough drop in the median was due to a decline in home values as well as a shift in sales toward low-cost homes, especially foreclosures.
Foreclosure resales accounted for 38.4 percent of the resale market last month, down from 42.3 percent in February, and down from 54.8 percent a year ago. The all-time high was in February 2009 at 56.7 percent.
As sales of lower-cost foreclosure properties have waned over the past year, activity has picked up from very low levels in many high-end areas. Last month sales of homes priced at $500,000 or more made up 19.4 percent of all Southland transactions, compared with 18.5 percent in February and 14.9 percent in March 2009. Over the past five years, $500,000-plus deals averaged 35 percent of monthly sales, while over the past 10 years they averaged 26 percent of all transactions.
Higher-end sales are still hampered by the troubled jumbo loan market, which has improved only modestly over the past year. Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 15.7 percent of last month’s purchase lending, up from 14.8 percent in February and from 10.5 percent in March 2009. However, before the credit crisis in the fall of 2007, jumbos accounted for 40 percent of the market.
Adjustable-rate mortgages (ARMs) haven’t come close to recovering from the credit crunch, either. While 44.6 percent of all Southland purchase mortgages since 2000 have been ARMs, last month they represented just 4.8 percent, up from 4.0 percent in February and 2.1 percent in March last year.
Meanwhile, Uncle Sam continues to prop up lending for many low-to mid-priced homes. Government-insured FHA loans, a popular choice among first-time buyers, accounted for 38.6 percent of all mortgages used to purchase Southland homes in March.
Absentee buyers – mostly investors and some second-home purchasers – bought 21.3 percent of the homes sold in March.
Buyers who appeared to have paid all cash – meaning there was no indication that a corresponding purchase loan was recorded – accounted for 27.1 percent of March sales. In February it was a revised 30.0 percent – an all-time high. The 22-year monthly average for Southland homes purchased with cash is 13.8 percent.
The “flipping” of homes has also trended higher the past year, though it eased a bit in March. Last month the percentage of Southland homes flipped – bought and re-sold – within a three-week to six-month period was 3.2 percent of total sales, down from 3.5 percent in February but up from 1.6 percent a year ago. Last month flipping varied from as little as 2.6 percent of total sales in Riverside County to as much as 3.9 percent in Los Angeles County.
The typical monthly mortgage payment that Southland buyers committed themselves to paying was $1,220 last month, up from $1,180 for February, and up from $1,074 for March a year ago. Adjusted for inflation, current payments are 45.2 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They were 55.1 percent below the current cycle’s peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards but is lower than peak levels reached over the last two years. Financing with multiple mortgages is low, down payment sizes are stable, and non-owner occupied buying is above-average, MDA DataQuick reported.
| Sales Volume | Median Price | |||||
| All homes | Mar-09 | Mar-10 | %Chng | Mar-09 | Mar-10 | %Chng |
| Los Angeles | 5,971 | 6,747 | 13.0% | $300,000 | $329,000 | 9.7% |
| Orange | 2,433 | 2,652 | 9.0% | $385,000 | $432,000 | 12.2% |
| Riverside | 4,409 | 4,156 | -5.7% | $187,000 | $198,000 | 5.9% |
| San Bernardino | 2,897 | 2,955 | 2.0% | $150,000 | $152,000 | 1.3% |
| San Diego | 3,020 | 3,227 | 6.9% | $285,000 | $330,000 | 15.8% |
| Ventura | 776 | 739 | -4.8% | $326,000 | $375,000 | 15.0% |
| SoCal | 19,506 | 20,476 | 5.0% | $250,000 | $285,000 | 14.0% |
California Statewide February Home Sales
March 18, 2010
An estimated 28,111 new and resale houses and condos were sold statewide last month. That was up 0.9 percent from 27,858 in January, and down 3.8 percent from 29,225 for February 2009. California sales for the month of February have varied from a low of 20,513 in 2008 to a peak of 48,409 in 2004, while the average is 32,325. MDA DataQuick’s statistics go back to 1988.
The median price paid for a home last month was $249,000, up 0.8 percent from $247,000 in January, and up 11.2 percent from $224,000 for February a year ago. The year-over-year increase was the fourth in a row, following 27 months of year-over-year declines. The median peaked at $484,000 in early 2007 and hit a low of $221,000 last April.
Of the existing homes sold last month, 44.3 percent were properties that had been foreclosed on during the past year. That was up from a revised 43.8 percent in January and down from 58.8 percent in February a year ago, the all-time high.
The typical mortgage payment that home buyers committed themselves to paying last month was $1,068. That was up from $1,064 in January, and up from $976 for February a year ago. Adjusted for inflation, last month’s mortgage payment was 50.2 percent below the spring 1989 peak of the prior real estate cycle. It was 59.6 percent below the current cycle’s peak in June 2006.
Indicators of market distress continue to move in different directions. Foreclosure activity has declined somewhat but remains high by historical standards. Financing with multiple mortgages is low, down payment sizes are stable, cash and non-owner occupied buying is up, MDA DataQuick reported.
Another Drop in California Mortgage Defaults
January 27, 2010
La Jolla, CA.–The number of California homes entering the foreclosure process declined again during fourth quarter 2009 amid signs that the worst may be over in hard-hit entry-level markets, while slowly spreading to more expensive neighborhoods. There are mixed signals for 2010: It’s unclear how much of the drop in mortgage defaults is due to shifting market conditions, and how much is the result of changing foreclosure policies among lenders and loan servicers, a real estate information service reported.
A total of 84,568 Notices of Default (“NODs”) were recorded at county recorder offices during the October-to-December period. That was down 24.3 percent from 111,689 for the prior quarter, and up 12.4 percent from 75,230 in fourth-quarter 2008, according to San Diego-based MDA DataQuick.
NODs reached an all-time high in first-quarter 2009 of 135,431, a number that was inflated by activity put off from the prior four months. In the second quarter of last year, NODs totaled 124,562. The low of recent years was in the third quarter of 2004 at 12,417, when housing market annual appreciation rates were around 20 percent.
“Clearly, many lenders and servicers have concluded that the traditional foreclosure process isn’t necessarily the best way to process market distress, and that losses may be mitigated with so-called short sales or when loan terms are renegotiated with homeowners,” said John Walsh, DataQuick president.
While many of the loans that went into default during fourth quarter 2009 were originated in early 2007, the median origination month for last quarter’s defaulted loans was July 2006, the same month as during the prior three quarters. The median origination month during the last quarter of 2008 was June 2006. This means the foreclosure process has moved forward through one month of bad loans during the past 12 months.
“Mid 2006 was clearly the worst of the ‘loans gone wild’ period and it’s taking a long time to work through them. We’re also watching foreclosure activity start to move into more established mid-level and high-end neighborhoods. Homeowners there were able to make their payments longer than homeowners in entry-level neighborhoods, but because of the recession and job losses, that’s changing. Foreclosure activity is a lagging indicator of distress,” Walsh said.
The state’s most affordable sub-markets, which represent 25 percent of the state’s housing stock, accounted for 52.0 percent of all default activity a year ago. In fourth-quarter 2009 that fell to 34.9 percent.
On primary mortgages, California homeowners were a median five months behind on their payments when the lender filed the NOD. The borrowers owed a median $13,510 on a median $325,818 mortgage.
On home equity loans and lines of credit in default, borrowers owed a median $3,939 on a median $62,965 credit line. However the amount of the credit line that was actually in use cannot be determined from public records.
Notices of Default are recorded at county recorders offices and mark the first step of the formal foreclosure process.
Although 84,568 default notices were filed last quarter, they involved 82,777 homes because some borrowers were in default on multiple loans (e.g. a primary mortgage and a line of credit). Multiple default recordings on the same home are trending down, DataQuick reported.
Mortgages were least likely to go into default in San Francisco, Marin and San Mateo counties. The probability was highest in Merced, Stanislaus and Riverside counties.
The number of Trustees Deeds recorded, which reflect the number of house or condo units foreclosed on, totaled 51,060 during the fourth quarter. That was up 2.1 percent from 50,013 for the prior quarter, and up 10.6 percent from 46,183 for fourth-quarter 2008. The all-time peak was 79,511 in third-quarter 2008.
In the last real estate cycle, Trustees Deeds peaked at 15,418 in third-quarter 1996. The state’s all-time low was 637 in the second quarter of 2005, MDA DataQuick reported.
Foreclosure resales continued to decline as a market factor, accounting for 40.7 percent of all California resale activity last quarter. It was 42.7 percent the prior quarter, and a year ago it was 54.4 percent. It peaked at 57.8 percent in the first quarter of 2008. Foreclosure resales varied significantly by county last quarter, from 9.3 percent in San Francisco to 69.5 percent in Merced.
Of the 328,310 homes foreclosed on statewide in the 18-month period ending last September, 84.8 percent had been re-sold by the end of 2009. A year prior, the comparable number was 66.0 percent.
There are 8.5 million houses and condos in California.
The lenders that originated the most loans that went into default last quarter were Countrywide (5,588), Wells Fargo (3,482) and Washington Mutual (3,460). Along with Bank of America (1,760) and World Savings (1,869), they were also the most active lenders in the second half of 2006. Last quarter’s default rate on loans originated in the second half of 2006 ranged from 1.5 percent for Bank of America to 13.1 percent for World Savings.
Smaller subprime lenders had far higher default rates for that period: ResMAE Mortgage was at 74.8 percent, Ownit Mortgage 70.6 percent, Master Financial 69.9 percent, First NLC Financial Services 69.4 percent and Fieldstone Mortgage 65.7 percent. While these and most other subprime lenders are long gone, their loans were bundled, resold and now live on as “troubled assets”.
Indeed many, if not most, of the loans made in 2006 are owned and/or serviced by institutions other than those that made the loans. The servicers pursuing the highest number of defaults last quarter were ReconTrust Co, Quality Loan Service Corp and Cal-Western Reconveyance, DataQuick reported.
Notices of Default (first step in foreclosure process)
houses and condos
| County/Region | 2008Q4 | 2009Q4 | Yr/Yr% |
| Los Angeles | 14,410 | 16,595 | 15.2% |
| Orange | 4,481 | 5,555 | 24.0% |
| San Diego | 5,543 | 6,536 | 17.9% |
| Riverside | 9,151 | 9,188 | 0.4% |
| San Bernardino | 7,437 | 7,290 | -2.0% |
| Ventura | 1,308 | 1,657 | 26.7% |
| Imperial | 496 | 503 | 1.4% |
| SoCal | 42,826 | 47,324 | 10.5% |
| San Francisco | 302 | 465 | 54.0% |
| Alameda | 2,363 | 2,806 | 18.7% |
| Contra Costa | 3,135 | 3,501 | 11.7% |
| Santa Clara | 2,101 | 2,816 | 34.0% |
| San Mateo | 651 | 903 | 38.7% |
| Marin | 194 | 305 | 57.2% |
| Solano | 1,418 | 1,652 | 16.5% |
| Sonoma | 809 | 878 | 8.5% |
| Napa | 184 | 268 | 45.7% |
| Bay Area | 11,157 | 13,594 | 21.8% |
| Santa Cruz | 217 | 346 | 59.4% |
| Santa Barbara | 437 | 589 | 34.8% |
| San Luis Obispo | 309 | 436 | 41.1% |
| Monterey | 806 | 874 | 8.4% |
| Coast | 1,769 | 2,245 | 26.9% |
| Sacramento | 4,186 | 4,742 | 13.3% |
| San Joaquin | 2,546 | 2,513 | -1.3% |
| Placer | 892 | 1,118 | 25.3% |
| Kern | 2,566 | 2,602 | 1.4% |
| Fresno | 2,004 | 2,220 | 10.8% |
| Madera | 425 | 394 | -7.3% |
| Merced | 1,006 | 876 | -12.9% |
| Tulare | 896 | 1,037 | 15.7% |
| Yolo | 292 | 373 | 27.7% |
| El Dorado | 311 | 475 | 52.7% |
| Stanislaus | 1,978 | 1,908 | -3.5% |
| Kings | 155 | 201 | 29.7% |
| San Benito | 142 | 155 | 9.2% |
| Yuba | 236 | 213 | -9.7% |
| Colusa | 53 | 50 | -5.7% |
| Sutter | 200 | 228 | 14.0% |
| Central Valley | 17,888 | 19,105 | 6.8% |
| Mountains* | 463 | 816 | 76.2% |
| North Calif* | 1,127 | 1,484 | 31.7% |
| Statewide* | 75,230 | 84,568 | 12.4% |
* includes additional counties
Trustees Deeds Recorded (signal homes were lost to foreclosure)
houses and condos
| County/Region | 2008Q4 | 2009Q4 | Yr/Yr% |
| Los Angeles | 6,744 | 8,467 | 25.5% |
| Orange | 2,088 | 2,235 | 7.0% |
| San Diego | 3,442 | 3,786 | 10.0% |
| Riverside | 5,791 | 6,472 | 11.8% |
| San Bernardino | 4,609 | 4,994 | 8.4% |
| Ventura | 718 | 761 | 6.0% |
| Imperial | 295 | 359 | 21.7% |
| SoCal | 23,687 | 27,074 | 14.3% |
| San Francisco | 112 | 174 | 55.4% |
| Alameda | 1,681 | 1,576 | -6.2% |
| Contra Costa | 2,310 | 2,151 | -6.9% |
| Santa Clara | 1,347 | 1,244 | -7.6% |
| San Mateo | 340 | 383 | 12.6% |
| Marin | 87 | 123 | 41.4% |
| Solano | 1,068 | 1,087 | 1.8% |
| Sonoma | 561 | 541 | -3.6% |
| Napa | 171 | 185 | 8.2% |
| Bay Area | 7,677 | 7,464 | -2.8% |
| Santa Cruz | 171 | 162 | -5.3% |
| Santa Barbara | 278 | 325 | 16.9% |
| San Luis Obispo | 182 | 245 | 34.6% |
| Monterey | 736 | 589 | -20.0% |
| Coast | 1,367 | 1,321 | -3.4% |
| Sacramento | 3,167 | 3,365 | 6.3% |
| San Joaquin | 2,051 | 1,978 | -3.6% |
| Placer | 450 | 632 | 40.4% |
| Kern | 1,512 | 1,777 | 17.5% |
| Fresno | 1,198 | 1,520 | 26.9% |
| Madera | 349 | 395 | 13.2% |
| Merced | 940 | 856 | -8.9% |
| Tulare | 460 | 610 | 32.6% |
| Yolo | 211 | 219 | 3.8% |
| El Dorado | 157 | 264 | 68.2% |
| Stanislaus | 1,559 | 1,474 | -5.5% |
| Kings | 50 | 78 | 56.0% |
| San Benito | 138 | 106 | -23.2% |
| Yuba | 163 | 191 | 17.2% |
| Colusa | 35 | 47 | 34.3% |
| Sutter | 148 | 199 | 34.5% |
| Central Valley | 12,588 | 13,711 | 8.9% |
| Mountains* | 283 | 482 | 70.3% |
| North Calif* | 581 | 1008 | 73.5% |
| Statewide* | 46,183 | 51,060 | 10.6% |
