Research Library
Charts Housing Archive July 2007 through December 2007
In my reading, I frequently come across literature that interests me (see third party research links
for some of my reading list). Typically, I post these files to the Research Library by their
category, and as that fills up, I post them in their category archives so I (or readers) can reference in
the future (see below):
In my reading, I frequently come across literature that interests me (see third party research links
for some of my reading list). Typically, I post these files to the Research Library by their
category, and as that fills up, I post them in their category archives so I (or readers) can reference in
the future (see below):
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Interesting Charts
October 24 - California Association of Realtors (CAR): "Home sales decreased 38.9% in September in
California compared with the same period a year ago, while the median price of an existing home fell
4.7%... this decline -- which was both the largest month-to-month percentage decline on record and
the first year-to-year decline in more than 10 years -- was mainly the result of the credit or liquidity
crunch...” said C.A.R. President Colleen Badagliacco. ]California’s sales fell more steeply than those
of the U.S. as a whole because of its heavy reliance on jumbo loans...” The median price of an
existing, single-family detached home in California during September 2007 was $530,830, a 4.7%
decrease over...September 2006... The September 2007 median price fell 9.9% compared with August’
s $588,970 median price. 'The impact of the credit crunch spread throughout all tiers of the market in
September,' said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. 'While the entry-
level portion of the market has been adversely affected by the subprime situation and tighter
underwriting standards for much of this year, the high end of the market also saw a decline in sales,
as even well-qualified buyers were affected by the lack of funds available for jumbo loans.' ...C.A.R.’s
Unsold Inventory Index for existing, single-family detached homes in September 2007 was 16.6
months, compared with 6.4 months (revised) for the same period a year ago."
October 24 - California Association of Realtors (CAR): "Home sales decreased 38.9% in September in
California compared with the same period a year ago, while the median price of an existing home fell
4.7%... this decline -- which was both the largest month-to-month percentage decline on record and
the first year-to-year decline in more than 10 years -- was mainly the result of the credit or liquidity
crunch...” said C.A.R. President Colleen Badagliacco. ]California’s sales fell more steeply than those
of the U.S. as a whole because of its heavy reliance on jumbo loans...” The median price of an
existing, single-family detached home in California during September 2007 was $530,830, a 4.7%
decrease over...September 2006... The September 2007 median price fell 9.9% compared with August’
s $588,970 median price. 'The impact of the credit crunch spread throughout all tiers of the market in
September,' said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. 'While the entry-
level portion of the market has been adversely affected by the subprime situation and tighter
underwriting standards for much of this year, the high end of the market also saw a decline in sales,
as even well-qualified buyers were affected by the lack of funds available for jumbo loans.' ...C.A.R.’s
Unsold Inventory Index for existing, single-family detached homes in September 2007 was 16.6
months, compared with 6.4 months (revised) for the same period a year ago."
