The recent census data has shed some light on the housing crisis that has affected the California housing market. From 2000 to 2010 the number of housing units grew 12%, compared to a population growth of 10%. This, along with people easily receiving loans they could not afford, caused a massive price inflation and then decline in the median housing prices.
Short Sales of distressed properties can play an important role in reducing the inventory of bank-owned and vacant homes on the market. Last year, 20 percent of homes sold were involved in a short sale. California Short Sale Solutions can help you negotiate with your lender so you can avoid foreclosure and move on with your life.

Data Source:California Association of Realtors, Median Home Prices from DataQuick