CONGRESSIONAL DISTRICT REPORT For the 113th Congress. California District 47. Representative Alan Lowenthal (D)

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1 CONGRESSIONAL DISTRICT REPORT For the 113th Congress District 47 Representative Alan Lowenthal (D) National Association of REALTORS 500 New Jersey Avenue, NW Washington, D.C.

2 Congressional Districts 113th Congress

3 CONGRESSIONAL DISTRICT REPORT For the 113th Congress This Report presents the most recent and relevant data that is available for the Districts of the 113th Congress as related to housing issues. Real estate, demographic, and economic data are presented to provide information about the status of homeownership, trends in the real estate market, and the economic conditions that underlie the demand for housing. NAR's goal in providing this Report is to sustain and strengthen public policy support for homeownership which offers tremendous social and economic benefits to American neighborhoods. Additional information on housing issues is available at Sections of the NAR website of particular interest in economic and housing analysis include Existing Home Sales REALTORS Confidence Index Research and Statistics NAR's political advocacy information is available at Information for News and Blogs may be found at This Report provides District information as well as overall State information on the following pages.

4 HOUSING STATISTICS FOR THE 113TH CONGRESS National Association of District US0647 REALTORS District Level Information Representative Alan Lowenthal (D) Home Ownership in 2011 Total Housing Units 256,780 Homeownership Rate 48.0% Occupied Housing Units 239,968 Renter Occupied, as % to Total Occupied 52.0% Owner Occupied Units 115,071 With Mortgage, as % of Owner Occupied 74.8% With Mortgage 86,108 Vacant, as % of Total Housing Units 6.5% Without Mortgage 28,963 Renter Occupied Units 124,897 Vacant Units 16,812 Median Income and Owner Cost in 2011 % of Annualized Cost to Income Median Household Annual Income $55,590 Median Selected Monthly Owner Cost, Units with Mortgage $2,213 48% Median Selected Monthly Owner Cost, Units without Mortgage $410 9% Median Monthly Gross Rent $1,151 25% Median Value of Owner Occupied Unit $430,900 *US Census Bureau calculates selected monthly owner cost from the sum of payment for mortgages, real estate taxes, various insurance, utilities, fuels, mobile home costs, and condominium fees. Employment in 2011 Labor Force 370,988 Number of Unemployed 42,710 Labor Force Participation Rate 65.7% Unemployment Rate 11.5% 15% Employment, by Type 7% 0% 78% Private wage and salary workers Government workers Self-employed in own not incorporated business workers Unpaid family workers Source of data: US Census Bureau, American Community Survey, 2011,1-year estimates.

8% With Mortgage 86,108 Vacant, as % of Total Housing Units 6.

5 Q1:04 Q4:04 Q3:05 Q2:06 Q1:07 Q4:07 Q3:08 Q2:09 Q1:10 Q4:10 Q3:11 Q2:12 Q1:04 Q3:04 Q1:05 Q3:05 Q1:06 Q3:06 Q1:07 Q3:07 Q1:08 Q3:08 Q1:09 Q3:09 Q1:10 Q3:10 Q1:11 Q3:11 Q1:12 Q3:12 HOUSING STATISTICS FOR THE 113TH CONGRESS National Association of REALTORS State Level Information Senator Dianne Feinstein(D) Senator Barbara Boxer(D) Key Real Estate Statistics in 2011 Home Ownership Rate (in %)* 55.3 Total Housing Units 13,721,187 Asian 56.4 AIAN 48.8 NHPI 44.6 Occupied Housing Units 12,468,743 Black 35.6 Hispanic 42.9 White 58.7 Owner Occupied Units 6,843,369 With Mortgage 5,102,167 Homeownership Rate Without Mortagage 1,741, Renter Occupied Units 5,625, Median Household Income $ 57,287 For Owner Occupied $ 78,413 For Renter Occupied $ 38, Source: Census Bureau. CPS/VHS U.S. Sources of data: Census Bureau, ACS 2011 (Tables DP04,S0201,B25119; HMDA Loan Application Register, 2011; Census Bureau-CPS * Alone or in combination with other race; NHPI- Native Hawaiian and Pacific Islander; AIAN-American Indian or Alaskan Native Mortgages in Foreclosure as of 2012 Q4 Foreclosure Inventory, End of Quarter 400, , , , Percent of Loans in Foreclosure Source of data: Haver/MBA Source of data: Haver/MBA U.S.

3 Total Housing Units 13,721,187 Asian 56.4 AIAN 48.8 NHPI 44.6 Occupied Housing Units 12,468,743 Black 35.6 Hispanic 42.9 White 58.

6 HOUSING STATISTICS FOR THE 113TH CONGRESS National Association of REALTORS Home Buying Activity in 2011 $400 Median Loan Amount (in $'000) 800,000 Number of Home Purchases Using Mortage Financing $ ,000 $ ,000 $ ,000 $ U.S. Source of data: HMDA, Source of data: HMDA, 2011 Home Purchases by Household Income in 2011* Number of Median Loan Median Income Mortgages ($'000) ($'000) Lower Income Households 74,079 $ 155 $ 42 Middle Income Households 68,714 $ 236 $ 70 Higher Income Households 136,377 $ 339 $ 140 Unspecified Income Households 4,839 $ 249 $ 70 Source of data: HMDA Loan Application Register, 2011 * Lower income households were defined as those with incomes of 80 percent or less of the HUD median family income for the census tract. Higher income are those with 120% of HUD median family income. Middle income households fall in between. Home Purchases by Type of Loan in 2011 Number of Mortgages % to total Total Loans 284,009 Conventional Loans 164,274 58% FHA-Insured Loans 98,952 35% VA-Guaranteed Loans 16,890 6% FHS/RHS Loans 3,893 1% Source of data: HMDA Loan Application Register, 2011

Source of data: HMDA, 2011-2004 2005 2006 2007 2008 2009 2010 2011 Source of data: HMDA, 2011 Home Purchases by Household Income in 2011* Number of Median Loan Median Income Mortgages ($'000) ($'000)

7 HOUSING STATISTICS FOR THE 113TH CONGRESS National Association of REALTORS Home Purchases by Racial/Ethnic Group in 2011 Number of Median Loan Mortgages ($'000) Hispanic 59, American Indian or Alaskan Native 2, Asian 46, African American or Black 7, Native Hawaiian and Pacific Islander 2, White 192, Not provided by applicant 31, Source of data: HMDA Loan Application Register, 2011

0 American Indian or Alaskan Native 2,620 188.5 Asian 46,524 280.0 African American or Black 7,593 219.

NSP 3 Referenced Material

NSP 3 Referenced Material Home Mortgage Disclosure Act Information (Foreclosure -- Response.org): 2009 Geographic Identifier CT #49 CT #51 CT #52 CT #53 CT #12 CT #5* CT #16* Omaha Median Value of First