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California Latest Resources
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- Fresno (from the Spanish for ash tree) is the center of activity and the hub of both central California and ...
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- Long Beach California is located on the Pacific Coast in Southern California. It is about 20 miles south of the ...
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California Foreclosures for Sale
With a population of over 37.2 million, California is America's most populous state.
Making up California's large population is an ethnic melting pot made up of Pacific Islanders, Latino Americans and Asian Americans- the state's multicultural background is vibrant and highly eclectic. Located in the western region of the United States, California is part of the "sun belt" area, which is made up by the southern half of North America. The name itself is largely owed to the region's often-extreme climate. The growing population of immigrants that arrive at California and its surrounding areas can also be considered a major factor in the state's vast ethnic background.
The state's major cities include Los Angeles, San Francisco, Sacramento, San Diego, Riverside, and Oakland. Burbank and Beverly Hills are also very popular cities. Los Angeles is California's largest city- it's population is estimated to be around 3.8 million. The major counties in the state consist of Alameda, Fresno, Madera, Orange, Sacramento, and San Diego counties, along with many more. With nearly all the counties being established in the mid to late 19th century, the state's historical status is a longstanding and fulfilling one.
In regards to current Californian market trends, the rate of home foreclosures - as of early 2011 - is relatively high. This rate coincides with a slight increase of 1.9 percent towards the median house price during February, a rate equal to that of the same time during the previous year. Statistics indicate an increase in current market trends however, which should prove to transform into more lucrative deals for foreclosure home buyers as times goes on.
Current market conditions in Long Beach estimate the average home price to be around $250,000, with California home foreclosures contributing to roughly 40 percent of all housing inventory in this state. Positive trends in the sector are reporting that the best results are coming from first time buyers, along with competitive interest rates. These results are establishing a flourishing setting for prospective buyers in Long Beach, not to mention in several other surrounding cities in the state.
Currently, Riverside fairs a little better in terms of average house pricing, which is currently at $225,000 - despite a five percent increase from the previous year. Foreclosure offers rank at over 50 percent, an increasingly high figure, of the total housing inventory available to first time buyers and investors.