Industry NewsMarkets & Economy

California ‘hot’ among homebuyers

Homes in Florida areas sold for most under asking price
Published on Jul 27, 2010

California homes remained hot among homebuyers in 2010's second quarter, according to a report by online brokerage ZipRealty. ZipRealty's quarterly "Home Hunter Report" is based on multiple listing service data from 5,400 cities in 33 of the 35 major metropolitan areas where ZipRealty operates. The data covers the period between April 1 and June 30. Of the report's 100 "hottest" ZIP codes nationwide, 91 were in California. This means that, on average, homes in these ZIP codes sold for the most above listing price, while homes in the "coldest" ZIP codes sold for the most under listing price.Of the top 10 hottest ZIPs, seven were in the Golden State, compared to eight in the second quarter of 2009. Of the coldest, seven were in another SunBelt state: Florida. "The hot housing market in the second quarter in California may have resulted from increased demand from the government tax incentives without a lot of homes for sale, so many home sellers recei...

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