While a few economists remain pessimistic about the housing recovery, the statistics seem to validate what the optimists are saying, “the recession is over.” Home prices and sales for April (the latest month available) are up. This
is not just in Southern California, but throughout the state.
Home prices held steady with the statewide median price coming in at $255,000, a 5.4% jump from the April 2009 price bottom. A total of 37,481 houses and condominiums sold in April, up 0.5% from March. One of the most
telling signs of recovery is that foreclosures made up only 38.1% of the sales in April, down from 54.6% in April 2009.
We still have our 10th consecutive month of rising sales and that can only be sustained by equity sellers entering the market,…