St Louis Mortgage Home Loan: California Home Sales Down
St Louis Mortgage and Real Estate News –
St Louis Loan Audit News: Home Sales Down 17 Percent
St Louis Mortgage Loans and Commercial Lending | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Refinancing Group News Team
California new and existing home sales totaled 33,176 in September, down 17.5 percent from a year ago and 3.1 percent from the previous month, according to the San Diego-based real estate provider DataQuick.
Despite record low mortgage rates, the entire housing market is still waiting for new demand to replace the boost from the home buyer tax credit that expired in April.
While transactions are down, prices are still up for the 11th month in a row, following more than two years of straight declines.
The median price on a California home was $265,000, a 5.6 percent increase from last year and a 1.9 percent bump from the previous month.
The trough came in April 2009 at $221,000. The peak was $484,000 in early 2007.
Of the existing home sales completed in September, 35.8 percent were properties that had been foreclosed on in the last year, down from 41.7 percent a year ago and flat from the previous month.
Foreclosure accounted for more than 58 percent of the market in February 2009, the all-time high.
Homeowners made an average $1,055 monthly payment in September, down more than 60 percent from the peak in June 2006.
==================================================
ARE YOU UPSIDE DOWN ON YOUR HOME? ARE YOU FACING FORECLOSURE?
What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?
Call Now For Your FREE MORTGAGE CHECK-UP
877-334-0210 or 314-334-0210 | Floyd Tapia
www.LibertyLendingConsultants.com
Home Foreclosure Hero
The Rigley Group
Or visit our principal reduction and loan reduction website for your FREE loan audit and review where you can fill out the quick application.
==================================================
Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 314-336-9111 and ask for Steve Swan or Doug Stahlschmidt.
For business owners looking for small business loans and alternative financing that works including home owners who are credit challenged or upside down on their home loan, call Floyd Tapia, host of the St. Louis "Mortgage Minute" at 314-334-0210.
As a commercial lending and principal reduction consultant, I focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or home mortgage loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings by helping you get commercial financing St Louis or a loan for nationwide businesses.
Check back daily for more financial news.

