Town Square

Post a New Topic

California distressed housing market improves in April as sales increase

Original post made on Jun 17, 2011

The share of distressed homes sold in California dropped for the second consecutive month in April, the California Association of Realtors reported last week.

This story contains 46 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

Comments (1)

Like this comment
Posted by Homeowner
a resident of Another Pleasanton neighborhood
on Jun 17, 2011 at 7:13 am

Gee, from the title sounds like our housing problems are going away and moving in the right direction.

Let's see, the % of homes sold in April that were distressed were only 48%, down three entire percentage points from last month. What momentum. And down from 49% last year. Now that is a positive trend!

Short sales dropped a FULL entire percentage point. Good to see these are almost all gone.

You should ignore the overall sales numbers in the last two paragraphs. The fact that overall sales are down from the prior month and compared to last year is irrelevant.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Public agencies lining up bond measures
By Tim Hunt | 0 comments | 305 views