California Association of Realtors Fun Facts

The California Association of Realtors (C.A.R.) just celebrated their 110th year anniversary! Below are some notable moments in economic and market data history that I pulled directly from the most recent California Real Estate magazine.

California homeownership was 46.3% in 1900 and rose to 54.3% in 2013.                           (Source: U.S. Census Bureau)

Mortgage rates have remained at record lows in recent years, with the lowest level reaching 3.34% for the average 30-year, fixed-rate mortgage.                                        (Source: Federal Home Loan Mortgage Corporation)

The average 30-year, fixed-rate mortgage was 18.4% when it peaked in October 1981.(Source: Federal Home Loan Mortgage Corporation)

C.A.R. has grown from 38 reporting boards in 1970 to 85 reporting boards in 2015.

California’s largest gain in annual median price was 1977, when the statewide median price went up 28.1% from 1976. (Source: C.A.R.)

Between 1968 and 2014, the statewide median price for existing single-family homes had been increasing at an annual rate of 6.6%. (Source: C.A.R.)

California’s largest decline in annual median price was in 2008, when it dropped 37.8% from 2007. (Source: C.A.R.)

Which statistic is most shocking to you?

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About Suzanne O'Brien

The role of a real estate agent is to guide you through the buying and/or selling process and take the time to make sure you understand every step of the transaction. I am absolutely committed to fulfilling your needs with the highest level of professionalism, expertise and service. My commitment to listening and satisfying your needs are the foundation from which a solid business relationship is built. I realize that people do business with people they trust. I am interested in what is best for you, the client, and am committed to establishing a long-term relationship based on trust. In addition, real estate is often times very personal, about family and home and pride myself in developing relationships that now call clients my friends. I pride myself on being knowledgeable and staying current with the fast pace changes in the industry. I approach each clients’ needs individually and am constantly aware of current and upcoming inventory. My creative approach to the business has earned me wonderful associations with both clients and other real estate professionals. I am always working for you…I feel the responsibility to make your dreams a reality…one move at a time.
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