This chart represents the number of FHA endorsements for California divided by the number of home sales reported on a monthly basis by Dataquick. FHA's loose underwriting, falling prices, supply being held off the market and ultra low interest rates are what are currently affecting the low end so dramatically here in CA.
Thursday, October 29, 2009
FHA concentration in California homes sales
This chart represents the number of FHA endorsements for California divided by the number of home sales reported on a monthly basis by Dataquick. FHA's loose underwriting, falling prices, supply being held off the market and ultra low interest rates are what are currently affecting the low end so dramatically here in CA.
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