First Quarter Real Estate News
First-time Buyer Housing Affordability Index | |||||
STATE/REGION/COUNTY | Q4 2014 | Q3 2014 | Q4 2013 | ||
Los Angeles | 50 | 47 | 52 |
Pending Home Sales Data:
California pending home sales jumped in February, with the Pending Home Sales Index (PHSI)* increasing 24.8 percent from a revised 89.9 in January to 112.2, based on signed contracts. The month-to-month increase easily topped the long-run average increase of 17.9 percent observed in the last seven years.