Improved Economic Conditions Provided Support to the Housing Market
The California housing market ended 2011 on a solid note, with seasonally adjusted annualized sales reaching 520,940 units in December


2011 Housing Market Wrap Up and 2012 Outlook
California home sales improved both on a monthly and on an annual basis in November, exceeding the 500,000 benchmark for the first time in seven months.

Restoration of FHA High Cost Limit to Help Challenged Market Segment
As loan limits were reduced to lower levels on October 1st, October home sales in the affected price tiers softened in California.

Lengthy Time on Market Keeping Short Sale Inventory High
California home sales declined slightly on a month-to-month basis, but continued to improve year-over-year for the third consecutive month in September.

REO Properties in Short Supply
After dipping to the lowest level of the year in the prior month, California home sales improved on a month-to-month basis and on a year-to-year basis.

The Sales-to-List Price Ratio: Non-Distressed, REO, and Short Sales
California home sales were weaker than expected in July as economic uncertainty continued to have a negative impact on consumer confidence.