Sunday October 11, 2009, California Governor Schwarzenegger signed the Buyer’s Choice Act, Assembly Bill 957, into law. The new law prohibits owners (typically banks) of foreclosed properties from forcing California homebuyers to use a particular title company, Escrow Company or other real estate service provider. The Buyer's Choice Act requires that a disclosure notice be provided to buyers informing them of their rights to choose their own real estate services companies to close their transactions

According to the California Association of Realtor (C.A.R.), for the first time in recorded history almost 70% percent of first-time home buyers can actually afford to purchase a home in California. In some areas, the affordability number is approaching 90 percent.

California cities which have been hit hard by foreclosures are seeing multiple offers creating a buying frenzy and price increases.

A bold and unexpected statement came from Wells Fargo today regarding projected first quarter earnings of $3 billion, this news comes two weeks ahead of schedule. How is this possible and why are they reporting now?

The California Association of REALTORS(r)data indicates that more homes are selling and selling faster while fewer homes are coming on the market. All good signs of a potential California Housing Market turn around or rebound. Or is it?