Sales Trends: Prices High, Volume Low
September ‘14 sales were the lowest since ‘07. For homeowners, affordability and tight lending standards have decreased enthusiasm. For investors, the decline of lower priced distressed properties has decreased transactions.
- -5.6% : SFH and condo sales fell 5.6% to 32,017 units from 33,931 in August
- 16.6% : September 2014 distressed property sales comprise 16.6% of total sales, down from 23% in September 2013
- $385,000 : median price of a California home in September 2014, down from $390,000 in August 2014
Q: What terms do you offer?
A: We lend anywhere from 6 to 24 months.
Q: What are your minimum and maximum loan amounts?
A: We lend anywhere from $50,000 to $4,000,000.
“My experience working with Franco & FJM has been flawless. I always recommend them without hesitation.”