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December Numbers: Median Price Dragged Down

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Real estate tracker Dataquick has released their sales numbers for December, noting that foreclosure resales accounted for 55.7 percent of December's resales activity, while "expensive markets remained in wait-and-see mode." More: "Indicators of market distress continue to move in different directions. Foreclosure activity waned in early fall but is edging higher again and remains near record levels, while financing with adjustable-rate mortgages is at an all-time low, as is financing with multiple mortgages. Down payment sizes and flipping rates are stable, non-owner occupied buying activity appears flat overall but is above-average in some markets, MDA DataQuick reported." Westside Bubble also mulls over the data, reporting that median prices are now down 41.8 percent for Los Angeles County from the peak in August 2007. More number crunching via the LA Times.
·; Southland home sales off bottom [Dataquick]