| How would you like to own your very own piece | | | | increase in residential foreclosures in |
| of Golden State property? Real estate in | | | | California. Residential foreclosure activity |
| California can fluctuate a lot. It tends to | | | | in California surged to its highest level in |
| be pricey in most parts of the state due to | | | | more than four years last quarter, the result |
| the high demand for property there.The | | | | of slower home sales and flattening prices. |
| California real estate market is one that is | | | | This could mean great opportunities for |
| watched by people from all over the world. | | | | someone looking to break in to the real |
| Many people want to have their own | | | | estate market in California.Bay Area home |
| opportunity to own a piece of the great state | | | | prices fell on a year-over-year basis for the |
| of California. The problem is that nice land | | | | first time in more than four years last |
| or property is not readily available in | | | | month. Sales were at their lowest level in |
| California. If it is, the price is very | | | | five years. A total of 42,450 new and resale |
| steep. There are also many popular | | | | houses and condos were sold statewide last |
| overpopulated or polluted areas of the | | | | month. That is down 14.8 percent from 49,800 |
| state.Where the Market StandsTo understand | | | | for August and down 28.8 percent from a |
| where the market stands, you need to realize | | | | 59,600 for September 2005.Does this mean that |
| that there are different parts to the state | | | | fewer people are buying real estate or just |
| of California. Such a big state is going to | | | | that there are fewer available since they are |
| have lots of different types of property and | | | | all bought up? |
| real estate. There has recently been a steep | | | | |