Interest rates spiked about 1/4 point yesterday as investors worry that the Fed’s pumping of trillions of dollars into the recovery will lead to inflation. The Obama administration has been trying to spur the real estate industry with low interest rates through the purchase of mortgage backed securities, but investors, sensing the market is turning upward, are beginning to NOT invest in those super safe investments, but believe they can get better returns elsewhere. Thus, the returns for the Treasuries must also increase to attract buyers. For more detail, read today’s Wall Street Journal article about these issues.

Ventura real estate activity is directly reflected in  homes pending that have gone into escrow. This data is taken directly from the Ventura MLS and provides a monthly and quarterly summary since January 2007.

Oxnard real estate activity is directly reflected in homes pending that have gone into escrow. This data is taken directly from the Oxnard MLS and provides a monthly and quarterly summary since January 2007.

Camarillo real estate activity is directly reflected in homes pending that have gone into escrow. This data is taken directly from the Camarillo MLS and provides a monthly and quarterly summary since January 2009.

Here are the April sold statistics for Ventura in our newly expanded 14 month format. The data for homes sold and condos sold comes from Ventura MLS listings.