|Real Estate News
|How would you like to own your very own piece of Golden State property Real estate in California can
fluctuate a lot. It tends to be pricey in most parts of the state due to the high demand for property there.
The California real estate market is one that is watched by people from all over the world. Many people
want to have their own opportunity to own a piece of the great state of California. The problem is that
nice land or property is not readily available in California. If it is, the price is very steep. There are also
many popular overpopulated or polluted areas of the state.
Where the Market Stands
To understand where the market stands, you need to realize that there are different parts to the state of
California. Such a big state is going to have lots of different types of property and real estate. There has
recently been a steep increase in residential foreclosures in California. Residential foreclosure activity in
California surged to its highest level in more than four years last quarter, the result of slower home sales
and flattening prices. This could mean great opportunities for someone looking to break in to the real
estate market in California.
Bay Area home prices fell on a year-over-year basis for the first time in more than four years last month.
Sales were at their lowest level in five years. A total of 42,450 new and resale houses and condos were
sold statewide last month. That's down 14.8 percent from 49,800 for August and down 28.8 percent from
a 59,600 for September 2005.
Does this mean that fewer people are buying real estate or just that there are fewer available since they
are all bought up? It’s likely a bit of both. You will need to stay up t date with the market to see how things
continue to change.
Keeping Up to Date
What is happening in the real estate market this month? How can you find out where the real estate
prices are at any given time? How can you learn the value and worth of a particular California property?
There are easy ways for you to stay up to date on what is happening in California real estate even if you
live someplace else in the world. There are websites online that show you regularly updated figures and
statistics. This is a great way to stay in touch with what is going on in the Californian real estate market.
You can even set up one of these pages as your home page, create an RSS feed on your own site or
even have the figures and data sent to your mobile device to stay up to date no matter where you are.