The terms of my new mortgage include a ‘due on sale’ clause. My broker says this is an acceleration clause. But I thought acceleration clauses were about foreclosure. What is going on? Don’t worry! ‘Due on Sale’ clauses are a typical part of a standard mortgage. All it means is that if you sell the house, […]
Sales Flat in February, Median Price Falls 2.3 Percent Cash Sales 25.3 Percent of Total Sales, Highest Since March 2014 Cash Buyers Still Plentiful Despite High Prices California single-family home and condominium sales were 24,409 in February 2016, nearly unchanged from a revised 24,273 in January 2016. Sales volumes are typically low […]
Here’s the September Property Radar California Real Estate Report: Seasonal forces pushed California single-family home and condominium sales down 4.3 percent to 35,629 in September from a revised 37,227 in August but were up 5.8 percent from 33,674 in September 2014. Driving the increase in year-over-year sales was the 9.4 percent increase in non-distressed property […]
California single-family home and condominium sales fell 13.1 percent to 36,733 in August from 42,261 in July but were up 3.1 percent from 35,613 in August 2014. Driving the increase in year-over-year sales was the 6.4 percent increase in non-distressed property sales. “While we had a couple of strong months this year, August sales are […]