California Home Prices Info

[2Real4me!]

MORTGAGE LOAN APPLICATION VOLUME DECLINES
The Market Composite Index, a measure of mortgage loan application volume, was 619.3 for the week ending Feb. 3, down 1.2 percent on a seasonally adjusted basis from 626.8 one week earlier, The Mortgage Bankers Association reported today. On an unadjusted basis, the index increased 2.2 percent for the week ending Feb. 3 compared with the previous week and was down 16.4 percent compared with the same week one year earlier.

The refinance share of mortgage activity decreased to 42.1 percent of total applications for the week ending Feb. 3 from 43 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 29.8 percent of total applications from 30.5 percent the previous week.

[Kosher]

According to FannieMae last week, home values have declined at a rate of 2.2% year-to-date and are expected to slide 4.4% next year.

Kosher

[SadaSoCool]

So...I heard that house Values down in Cali are going down...while house values in Oregon are going up? What's going on with that?

[Pontoon]

SadaSoCool Wrote:

So...I heard that house Values down in Cali are going down...while house values in Oregon are going up? What's going on with that?

My take on this would be Oregon houses were never over priced like California was.