Per Realtor Magazine, the following metro areas have seen the largest drops in inventories of for-sale homes in the past year (July 2012 compared to July 2011):
1. Oakland, California -59.30%
2. Fresno, California.: -47.81 %
3. Bakersfield, California -44.71 %
4. Seattle-Bellevue-Everett, Washington -42.23 %
On a clear day you can see the grass on the Channel Islands from this beautiful contemporary home located in mid-town Ventura! The bricks used on the home were once part of the Ventura High School Auditorium that it overlooks. The home features four bedrooms, 2 full bathrooms, a large living room and a terrific backyard filled with wonderful landscaping and fruit trees.
California has the highest population of seniors in the nation and the aging population is expected to grow faster than any other age segment in upcoming years. 11.7% of Californians (over 3 million people) are 65 or older currently.
Here are the numbers from a study released by the Milken Institute.
Per the National Association of Home Builders, Housing permits — a future gauge for home building — reached its highest level since August 2008, rising 6.8 percent in July over the previous month, the U.S. Census Bureau reports. What’s more, building permits are up nearly 30 percent over year ago levels.