The issue I wrote about in my last post involved the new congress’s bill to help ailing homeowners going into foreclosure. I was researching this topic a bit further to find out what the current house rates look like in California. Since I search the NRMLA website from time to time I found a graph that shows the average home value is still. 69% higher over the last 5 years. I also noticed house prices had gone down by a % point or more. The economy as it is might still shed a few more points, but I hope they will stabilize by years end. ( a prediction hoped by many)
Home price graph for California home owners
Tags: foreclosures california, house prices california, lender california reverse mortgage, nrmla
