courtesy of: CALIFORNIA ASSOCIATION OF REALTORS
C.A.R. releases “2009-2010 Survey of California Home Sellers”
Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in homeowners’ decisions to sell their homes in 2009, according to C.A.R.’s “2009-2010 Survey of California Home Sellers.” According to the report, 67 percent of all sellers in California did so as a result of difficulties related to meeting their mortgage obligation.
Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in homeowners’ decisions to sell their homes in 2009, according to C.A.R.’s “2009-2010 Survey of California Home Sellers.” According to the report, 67 percent of all sellers in California did so as a result of difficulties related to meeting their mortgage obligation.
Sellers in 2009 cited difficulty meeting the monthly mortgage obligations (30 percent); job loss (18 percent); and “mortgage payment increased” (15 percent) as primary motivations to sell. By comparison, in 2008, one in five sellers cited the ability to meet their mortgage payment obligations; while 11 percent sold due to financial difficulties.
Mary "Peg" Heying
REALTOR® - CA DRE License # 01726709
Prudential CA Realty
2830 Shelter Island Dr.
San Diego, CA 92106
Cell: (619) 301-8589
Email: realtorpeg@yahoo.com
Facebook: https://www.facebook.com/realtorpegsd
Twitter: http://twitter.com/realtorpegsd
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