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Latest NEWS about Housing in the Inland Empire:
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July 20, 2024 – By MarketWatch
Mortgage rates just dropped to a four-month low. Should you buy a house now — or wait?
‘It makes me nervous right now to do anything,’ one home buyer says as mortgage rates seem poised to fall
July 19, 2024 – By North Bay Business Journal
How California’s insurance crisis places it at odds with the real estate industry
As the California insurance crisis continues, North Bay property and mortgage brokers as well as industry economists, track the effect on real estate transactions.
July 19, 2024 – By L.A. Times
Opinion: Despite noble intentions, California’s environmental law is hurting Latinos
CEQA has been abused for decades to block affordable housing and drive up costs, taking the greatest toll on young residents and Latino households.
July 19, 2024 – By SFGate
The Salary Needed To Afford a Home Has More Than Doubled Since Before the Pandemic—See How Your City Is Faring
Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today's housing market dominated by high mortgage rates and soaring list prices.
July 18, 2024 – By Pasadena Star News
![](https://www.pasadenastarnews.com/wp-content/uploads/2024/07/OCR-Z-HOUSING-TRENDS-1203.jpg?w=1024&h=682)
US homes find fewer foreign buyers
Florida drew 20% of sales to foreign buyers, followed by Texas (13%), and California (11%).
July 17, 2024 – By Morningstar
![](https://mma.prnewswire.com/media/2463789/CALIFORNIA_ASSOCIATION_OF_REALTORS_June_sales_and_price_report.jpg)
High mortgage rates continue to hamper California home sales in June, C.A.R. reports
High mortgage rates continue to hamper California home sales in June, C.A.R. reports High mortgage rates continue to hamper California home sales in June, C.A.R. reports
PR Newswire
LOS ANGELES, July 17, 2024 Existing, single-family home sales totaled 270,200 in June on a seasonally adjusted annualized rate, down 0.8 percent from 272,410 in May and down 2.7 percent from 277,690 in June 2023. June’s statewide median home price was $900,720, down 0.8 percent from May and up 7.5 percent from $837,850 in June 2023.Year-to-date statewide home sales edged down 0.5 percent.LOS ANGELES, July 17, 2024 /PRNewswire/ -- California home sales remained stagnant for the second consecutive month in June, as the 30-year fixed rate mortgage remained above 7 percent throughout most of May, when most of these sales opened escrow, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Infographic: https://www.car.org/Global/Infographics/2024-06-Sales-and-Price
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 270,200 in June, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2024 if sales maintained the June pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
June’s sales pace dipped 0.8 percent from the revised 272,410 homes sold in May and were down 2.7 percent from a year ago, when a revised 277,690 homes were sold on an annualized basis. The sales pace has remained below the 300,000-threshold for 21 consecutive months, and year-to-date home sales have fallen behind last year’s level by -0.5 percent through the first half of the year.
“With interest rates coming down to the lowest levels since February and the availability of homes loosening up further in the last few months, the housing market is gearing up for another run in the second half of the year,” said C.A.R. President Melanie Barker, a Yosemite REALTOR®. “We could see a pickup in market momentum at the start of the third quarter if rates decline in a more sustainable way in the coming weeks and buyers decide to take advantage of lower costs of borrowing.”
The statewide median price took a step back in June, after setting record highs during the past two previous months. June’s median price slipped 0.8 percent from $908,040 in May to $900,720 in June, exceeding the $900,000-benchmark for the third month in a row. California’s median home price was 7.5 percent higher than the $837,850 recorded in June 2023. The year-over-year gain was the 12th straight month of annual price increases, albeit the smallest since January. Home prices will likely continue recording positive year-over-year gains in the second half of the year, though the pace of growth could moderate if the rest of the year follows the traditional seasonal pattern.
Stronger sales of higher-priced properties continued to contribute to median price growth, especially since million-dollar home sales in California have been rising more rapidly than their more affordable counterparts in the state. The million-dollar-and-higher market segment rose year-over-year in June by 2.0 percent, while the sub-$500,000 segment declined by 21.0 percent. Sales of homes priced above $1 million now make up 36.3 percent of all sales, nearly the biggest share in at least the last five years.
“Home sales pulled back in June as interest rates remained volatile at the end of the second quarter. The average 30-year fixed rate mortgage began to decline since early July though and recently reached the lowest level in five months as the inflation cooling trend continued,” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “While it will take a couple of more reports for the Federal Reserve to begin cutting rates, housing affordability for qualified buyers should begin to see some improvement in the coming months.” Other key points from C.A.R.‘s June 2024 resale housing report include:
At the regional level, home sales in all major regions continued to be softer than year-ago levels. All five regions registered declines from a year ago, with both the Far North (-16.3 percent) and Southern California (-11.5 percent) dropping by double-digits year-over-year. The Central Coast (-9.7 percent) followed closely, while the Central Valley (-5.5 percent) and the San Francisco Bay Area (-1.1 percent) recorded more modest drops as elevated interest rates continue to create affordability challenges for homebuyers.Forty-one of the 53 counties tracked by C.A.R. recorded sales declines from a year ago, with 15 counties dropping more than 20 percent year-over-year, and five of them falling more than 30 percent from last June. Glenn (-57.9 percent) had posted the biggest sales dip, followed by Trinity (-38.5 percent) and Lassen (-36.4 percent). Eleven counties experienced sales increases from a year ago, with sales in one of the counties jumping more than 10 percent year-over-year. Mendocino (11.6 percent) registered the largest yearly gain in June, followed by Stanislaus (6.2 percent) and Merced (5.5 percent).At the regional level, all major regions experienced an increase in their median price from a year ago in June. The Central Coast posted the biggest sales jump on a year-over-year basis, increasing 8.9 percent from a year ago. The Far North (7.6 percent) and Southern California (7.4 percent) were a close second and third, respectively, and were followed by the San Francisco Bay Area (5.8 percent) and the Central Valley (4.8 percent), which also experienced an increase in their median prices from June 2023.Home prices continued to grow on a year-over-year basis throughout the state, with median sales prices in 43 counties rising from a year ago in June, an improvement from the 40 counties that recorded price gains in May. Mono (34.1 percent) posted the biggest price gain, followed by Monterey (30.5 percent) and Siskiyou (24.9 percent). Nine counties recorded a decline in their median prices from last year, with Mariposa dropping the most at 16.8 percent, followed by Del Norte (-14.6 percent), and Madera (-7.3 percent).The statewide unsold inventory index (UII), which measures the number of months needed to sell the supply of homes on the market at the current sales rate improved from both the prior month and year. The index was 3.0 months in June, up from 2.6 months in May and up 2.2 months in June 2023.At the county level, the number of properties for sale increased from a year ago in all but three counties in June. Alameda (85.5 percent) recorded the biggest year-over-year jump, followed by Contra Costa (84.3 percent) and Solano (70.2 percent). The only counties registering a dip from last year were Glenn (-23.1 percent), San Francisco (-18.4 percent) and San Mateo (-3.0 percent).New active listings at the state level increased from a year ago for the sixth consecutive month. The pace of growth, however, has declined in the last two months to a single-digit number in June due primarily to seasonality factors. Twenty-nine of the 52 counties tracked by C.A.R. posted an increase in new active listings from June 2023. Yuba recorded the largest increase in new listings on a year-over-year basis at 44.8 percent, followed by Mendocino (35.6 percent) and Sutter (28.3 percent). Twenty-three counties experienced a decline in new active listings from a year ago, with Trinity (-34.5 percent) registering the sharpest drop, followed by Glenn (-28.6 percent) and Mono (-22.7 percent).The median number of days it took to sell a California single-family home was 18 days in June and 15 days in June 2023.C.A.R.‘s statewide sales-price-to-list-price ratio* was 100.0 percent in June 2023 and 100.0 percent in June 2023.The statewide average price per square foot** for an existing single-family home was $440, up from $412 in June a year agoThe 30-year, fixed-mortgage interest rate averaged 6.92 percent in June, up from 6.71 percent in June 2023, according to C.A.R.’s calculations based on Freddie Mac’s weekly mortgage survey data.Note: The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data is not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.
*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its original list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.
**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 53 counties.
Leading the way…® in California real estate for more than 118 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 180,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles. June 2024 County Sales and Price Activity (Regional and condo sales data not seasonally adjusted) June 2024
Median Sold Price of Existing Single-Family Homes
Sales
State/Region/County
June
2024
May
2024
June
2023
Price MTM% Chg
Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Calif. Single-family home
$900,720
$908,040
$837,850
r
-0.8 %
7.5 %
-0.8 %
-2.7 %
Calif. Condo/Townhomes
$697,000
$690,000
$650,000
1.0 %
7.2 %
-16.2 %
-8.9 %
Los Angeles Metro Area
$835,000
$840,000
$775,000
-0.6 %
7.7 %
-12.1 %
-13.5 %
Central Coast
$1,072,000
$1,059,000
$984,500
1.2 %
8.9 %
-8.7 %
-9.7 %
Central Valley
$503,000
$507,080
$480,000
-0.8 %
4.8 %
-7.9 %
-5.5 %
Far North
$409,000
$400,000
$380,000
2.3 %
7.6 %
-13.7 %
-16.3 %
Inland Empire
$600,000
$598,490
$570,000
0.3 %
5.3 %
-7.3 %
-13.2 %
San Francisco Bay Area
$1,400,000
$1,455,000
$1,323,810
-3.8 %
5.8 %
-7.6 %
-1.1 %
Southern California
$875,000
$880,000
$815,000
-0.6 %
7.4 %
-11.5 %
-11.5 %
San Francisco Bay Area
Alameda
$1,369,210
$1,375,000
$1,305,000
-0.4 %
4.9 %
-9.4 %
4.8 %
Contra Costa
$903,000
$942,500
$930,000
-4.2 %
-2.9 %
-10.7 %
-3.1 %
Marin
$1,800,000
$1,800,000
$1,715,000
0.0 %
5.0 %
-9.2 %
-7.7 %
Napa
$952,500
$987,000
$843,750
-3.5 %
12.9 %
-10.8 %
-5.7 %
San Francisco
$1,650,000
$1,690,000
$1,595,000
-2.4 %
3.4 %
-12.1 %
-1.5 %
San Mateo
$2,110,000
$2,400,000
$2,039,000
-12.1 %
3.5 %
-7.6 %
-8.7 %
Santa Clara
$1,955,000
$2,100,000
$1,825,000
-6.9 %
7.1 %
-13.0 %
2.6 %
Solano
$601,250
$605,000
$590,000
-0.6 %
1.9 %
16.8 %
-2.7 %
Sonoma
$835,000
$880,450
$850,000
-5.2 %
-1.8 %
2.2 %
-2.4 %
Southern California
Imperial
$385,000
$405,000
$378,160
-4.9 %
1.8 %
-15.7 %
-18.9 %
Los Angeles
$889,180
$811,610
$832,310
9.6 %
6.8 %
-13.8 %
-15.5 %
Orange $1,450,000
$1,422,500
$1,260,000
1.9 %
15.1 %
-17.1 %
-11.9 %
Riverside $643,500
$650,000
$628,000
-1.0 %
2.5 %
-8.6 %
-13.5 %
San Bernardino
$522,500
$488,900
$470,000
6.9 %
11.2 %
-4.9 %
-12.6 %
San Diego
$1,054,180
$1,025,000
$958,250
2.8 %
10.0 %
-9.0 %
-1.9 %
Ventura
$964,500
$925,000
$927,500
4.3 %
4.0 %
-10.0 %
-5.7 %
Central Coast
Monterey
$1,039,000
$1,047,000
$796,370
-0.8 %
30.5 %
-24.7 %
-21.0 %
San Luis Obispo
$890,000
$885,000
$865,000
0.6 %
2.9 %
3.3 %
3.3 %
Santa Barbara
$1,355,500
$1,375,000
$1,197,000
-1.4 %
13.2 %
-13.1 %
1.2 %
Santa Cruz
$1,413,000
$1,355,000
$1,200,000
4.3 %
17.8 %
3.7 %
-25.3 %
Central Valley
Fresno
$428,890
$425,000
$429,390
0.9 %
-0.1 %
4.1 %
-5.8 %
Glenn
$350,000
$329,250
$360,000
6.3 %
-2.8 %
-33.3 %
-57.9 %
Kern
$375,000
$400,000
$381,180
-6.3 %
-1.6 %
-1.0 %
3.0 %
Kings
$391,400
$361,000
$355,000
8.4 %
10.3 %
-30.4 %
-33.7 %
Madera
$415,070
$429,000
$447,700
-3.2 %
-7.3 %
-13.3 %
-28.2 %
Merced
$421,000
$400,000
$390,650
5.3 %
7.8 %
18.5 %
5.5 %
Placer
$685,000
$675,000
$667,500
1.5 %
2.6 %
-8.4 %
-6.6 %
Sacramento
$560,000
$555,000
$530,000
0.9 %
5.7 %
-13.1 %
-3.9 %
San Benito
$854,000
$734,950
$750,000
16.2 %
13.9 %
-31.0 %
-35.6 %
San Joaquin
$550,000
$560,000
$530,400
-1.8 %
3.7 %
-8.3 %
2.0 %
Stanislaus
$495,000
$489,500
$460,000
1.1 %
7.6 %
-4.9 %
6.2 %
Tulare
$375,000
$383,640
$375,000
-2.3 %
0.0 %
-17.6 %
-18.5 %
Far North
Butte
$475,900
$442,000
$413,500
7.7 %
15.1 %
-34.7 %
-27.7 %
Lassen
$267,500
$274,500
$261,250
-2.6 %
2.4 %
-12.5 %
-36.4 %
Plumas
$465,000
$529,000
$390,000
-12.1 %
19.2 %
-3.4 %
-15.2 %
Shasta
$396,950
$390,000
$385,000
1.8 %
3.1 %
-6.3 %
-11.9 %
Siskiyou $362,120
$334,500
$289,900
8.3 %
24.9 %
-13.3 %
4.0 %
Tehama
$375,000
$350,000
$362,500
7.1 %
3.4 %
25.0 %
0.0 %
Trinity
$322,100
$360,000
$305,000
-10.5 %
5.6 %
-27.3 %
-38.5 %
Other Calif. Counties Amador
$450,000
$420,000
$470,000
7.1 %
-4.3 %
21.6 %
-25.0 %
Calaveras
$495,000
$471,000
$459,000
5.1 %
7.8 %
-7.0 %
-4.3 %
Del Norte
$350,000
$230,000
$410,000
52.2 %
-14.6 %
15.4 %
-21.1 %
El Dorado
$709,000
$699,000
$700,000
1.4 %
1.3 %
-11.4 %
-20.8 %
Humboldt
$490,620
$450,000
$440,000
9.0 %
11.5 %
-14.6 %
-5.4 %
Lake
$352,500
$351,250
$342,500
0.4 %
2.9 %
-11.1 %
-13.5 %
Mariposa
$374,500
$502,500
$450,000
-25.5 %
-16.8 %
-11.1 %
-5.9 %
Mendocino
$521,690
$477,500
$520,000
9.3 %
0.3 %
4.3 %
11.6 %
Mono
$1,240,000
$812,500
$925,000
52.6 %
34.1 %
-12.5 %
-22.2 %
Nevada
$625,000
$560,000
$573,860
11.6 %
8.9 %
-6.1 %
-25.6 %
Sutter
$500,000
$427,500
$437,000
17.0 %
14.4 %
-22.4 %
-15.1 %
Tuolumne
$439,500
$430,000
$413,000
2.2 %
6.4 %
-14.3 %
-22.9 %
Yolo
$649,500
$653,980
$617,000
-0.7 %
5.3 %
0.0 %
-14.5 %
Yuba
$446,750
$449,950
$445,000
-0.7 %
0.4 %
-25.6 %
1.6 %
r = revised NA = not available June 2024 County Unsold Inventory and Days on Market (Regional and condo sales data not seasonally adjusted) June 2024
Unsold Inventory Index
Median Time on Market
State/Region/County
June
2024
May
2024
June
2023
June
2024
May
2024
June
2023
Calif. Single-family home
3.0
2.6
2.2
18.0
16.0
15.0
Calif. Condo/Townhomes
3.2
2.6
2.1
20.0
19.0
15.0
Los Angeles Metro Area
3.2
2.8
2.2
21.0
21.0
19.0
Central Coast
3.5
3.0
2.5
16.0
15.0
13.0
Central Valley
2.8
2.5
2.2
17.0
15.0
13.0
Far North
5.4
4.3
4.0
24.0
16.0
18.0
Inland Empire
3.7
3.3
2.5
26.5
28.0
23.0
San Francisco Bay Area
2.0
1.9
1.6
14.0
12.0
13.0
Southern California
3.1
2.7
2.2
20.0
19.0
17.0
San Francisco Bay Area
Alameda
1.8
1.6
1.2
12.0
12.0
10.0
Contra Costa
1.8
1.5
1.2
12.5
10.0
9.0
Marin
2.3
2.5
1.6
39.0
47.0
40.0
Napa
5.6
4.9
4.6
52.0
59.0
46.0
San Francisco
1.8
1.9
2.0
34.0
30.5
30.0
San Mateo
1.7
1.8
1.5
11.0
8.0
10.0
Santa Clara
1.5
1.4
1.3
8.0
8.0
8.0
Solano
2.7
3.1
1.8
35.0
35.0
27.0
Sonoma
3.4
3.3
2.7
45.0
44.0
42.0
Southern California
Imperial
2.1
1.7
NA
13.0
12.0
14.0
Los Angeles
3.1
2.7
2.1
19.0
18.5
17.0
Orange 2.5
2.0
1.9
18.0
17.0
17.0
Riverside 3.3
3.1
2.3
27.0
30.0
24.0
San Bernardino
4.2
3.8
2.8
25.0
23.0
21.0
San Diego
2.7
2.4
2.0
14.0
12.0
11.0
Ventura
2.8
2.5
2.1
27.0
26.0
26.0
Central Coast
Monterey
4.3
2.9
2.7
10.5
11.0
11.0
San Luis Obispo
3.1
3.2
2.7
22.0
24.0
20.0
Santa Barbara
3.3
2.8
2.3
13.0
16.0
12.0
Santa Cruz
3.4
3.5
2.4
15.0
13.0
11.0
Central Valley
Fresno
2.9
3.0
2.3
15.0
13.0
13.0
Glenn
5.8
3.4
3.1
23.0
70.5
14.0
Kern
2.3
2.4
2.1
17.0
14.0
13.0
Kings 3.4
2.4
2.0
16.0
13.0
8.0
Madera
5.2
4.3
3.0
32.5
29.5
28.0
Merced
2.4
2.7
2.4
20.0
13.0
13.0
Placer 2.6
2.6
2.2
24.0
17.0
16.0
Sacramento
2.5
2.2
1.9
17.0
15.0
12.0
San Benito
5.0
3.2
2.4
25.0
16.5
12.0
San Joaquin
2.9
2.5
2.2
15.0
11.0
14.0
Stanislaus
2.8
2.5
2.3
15.0
15.5
13.0
Tulare
3.2
1.3
2.4
14.0
15.0
12.0
Far North
Butte 4.2
2.5
2.6
20.0
13.0
14.0
Lassen
9.4
7.9
5.1
45.0
35.0
31.0
Plumas
7.2
6.0
6.0
15.0
17.0
23.0
Shasta
4.1
3.8
3.3
23.0
14.0
16.0
Siskiyou 11.5
8.7
9.6
29.0
20.5
18.0
Tehama
4.8
5.8
4.1
42.0
63.0
45.5
Trinity
14.6
9.8
8.8
232.0
91.5
87.0
Other Calif. Counties Amador
6.7
7.1
3.9
37.0
29.0
20.0
Calaveras
6.1
4.8
3.9
13.0
13.0
46.0
Del Norte
7.4
8.4
4.6
31.0
21.0
31.0
El Dorado 5.3
4.3
3.2
22.0
22.0
14.0
Humboldt
6.9
5.5
5.2
26.5
27.0
15.0
Lake 6.5
5.5
5.2
47.0
55.5
39.5
Mariposa
6.4
5.3
5.9
18.0
22.0
31.0
Mendocino
7.9
7.5
7.6
58.0
70.0
51.0
Mono
4.4
3.8
3.9
66.0
24.5
18.0
Nevada
5.2
4.7
3.5
28.0
30.0
18.0
Sutter
3.5
2.6
2.3
16.0
23.5
16.0
Tuolumne
7.3
5.4
4.0
16.5
19.0
15.0
Yolo
2.5
2.2
1.8
20.0
13.0
12.0
Yuba
4.5
3.3
3.2
26.5
30.0
22.0
r = revised NA = not available View original content to download multimedia:https://www.prnewswire.com/news-releases/high-mortgage-rates-continue-to-hamper-california-home-sales-in-june-car-reports-302199707.html
SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
PR Newswire
LOS ANGELES, July 17, 2024 Existing, single-family home sales totaled 270,200 in June on a seasonally adjusted annualized rate, down 0.8 percent from 272,410 in May and down 2.7 percent from 277,690 in June 2023. June’s statewide median home price was $900,720, down 0.8 percent from May and up 7.5 percent from $837,850 in June 2023.Year-to-date statewide home sales edged down 0.5 percent.LOS ANGELES, July 17, 2024 /PRNewswire/ -- California home sales remained stagnant for the second consecutive month in June, as the 30-year fixed rate mortgage remained above 7 percent throughout most of May, when most of these sales opened escrow, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Infographic: https://www.car.org/Global/Infographics/2024-06-Sales-and-Price
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 270,200 in June, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2024 if sales maintained the June pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
June’s sales pace dipped 0.8 percent from the revised 272,410 homes sold in May and were down 2.7 percent from a year ago, when a revised 277,690 homes were sold on an annualized basis. The sales pace has remained below the 300,000-threshold for 21 consecutive months, and year-to-date home sales have fallen behind last year’s level by -0.5 percent through the first half of the year.
“With interest rates coming down to the lowest levels since February and the availability of homes loosening up further in the last few months, the housing market is gearing up for another run in the second half of the year,” said C.A.R. President Melanie Barker, a Yosemite REALTOR®. “We could see a pickup in market momentum at the start of the third quarter if rates decline in a more sustainable way in the coming weeks and buyers decide to take advantage of lower costs of borrowing.”
The statewide median price took a step back in June, after setting record highs during the past two previous months. June’s median price slipped 0.8 percent from $908,040 in May to $900,720 in June, exceeding the $900,000-benchmark for the third month in a row. California’s median home price was 7.5 percent higher than the $837,850 recorded in June 2023. The year-over-year gain was the 12th straight month of annual price increases, albeit the smallest since January. Home prices will likely continue recording positive year-over-year gains in the second half of the year, though the pace of growth could moderate if the rest of the year follows the traditional seasonal pattern.
Stronger sales of higher-priced properties continued to contribute to median price growth, especially since million-dollar home sales in California have been rising more rapidly than their more affordable counterparts in the state. The million-dollar-and-higher market segment rose year-over-year in June by 2.0 percent, while the sub-$500,000 segment declined by 21.0 percent. Sales of homes priced above $1 million now make up 36.3 percent of all sales, nearly the biggest share in at least the last five years.
“Home sales pulled back in June as interest rates remained volatile at the end of the second quarter. The average 30-year fixed rate mortgage began to decline since early July though and recently reached the lowest level in five months as the inflation cooling trend continued,” said C.A.R. Senior Vice President and Chief Economist Jordan Levine. “While it will take a couple of more reports for the Federal Reserve to begin cutting rates, housing affordability for qualified buyers should begin to see some improvement in the coming months.” Other key points from C.A.R.‘s June 2024 resale housing report include:
At the regional level, home sales in all major regions continued to be softer than year-ago levels. All five regions registered declines from a year ago, with both the Far North (-16.3 percent) and Southern California (-11.5 percent) dropping by double-digits year-over-year. The Central Coast (-9.7 percent) followed closely, while the Central Valley (-5.5 percent) and the San Francisco Bay Area (-1.1 percent) recorded more modest drops as elevated interest rates continue to create affordability challenges for homebuyers.Forty-one of the 53 counties tracked by C.A.R. recorded sales declines from a year ago, with 15 counties dropping more than 20 percent year-over-year, and five of them falling more than 30 percent from last June. Glenn (-57.9 percent) had posted the biggest sales dip, followed by Trinity (-38.5 percent) and Lassen (-36.4 percent). Eleven counties experienced sales increases from a year ago, with sales in one of the counties jumping more than 10 percent year-over-year. Mendocino (11.6 percent) registered the largest yearly gain in June, followed by Stanislaus (6.2 percent) and Merced (5.5 percent).At the regional level, all major regions experienced an increase in their median price from a year ago in June. The Central Coast posted the biggest sales jump on a year-over-year basis, increasing 8.9 percent from a year ago. The Far North (7.6 percent) and Southern California (7.4 percent) were a close second and third, respectively, and were followed by the San Francisco Bay Area (5.8 percent) and the Central Valley (4.8 percent), which also experienced an increase in their median prices from June 2023.Home prices continued to grow on a year-over-year basis throughout the state, with median sales prices in 43 counties rising from a year ago in June, an improvement from the 40 counties that recorded price gains in May. Mono (34.1 percent) posted the biggest price gain, followed by Monterey (30.5 percent) and Siskiyou (24.9 percent). Nine counties recorded a decline in their median prices from last year, with Mariposa dropping the most at 16.8 percent, followed by Del Norte (-14.6 percent), and Madera (-7.3 percent).The statewide unsold inventory index (UII), which measures the number of months needed to sell the supply of homes on the market at the current sales rate improved from both the prior month and year. The index was 3.0 months in June, up from 2.6 months in May and up 2.2 months in June 2023.At the county level, the number of properties for sale increased from a year ago in all but three counties in June. Alameda (85.5 percent) recorded the biggest year-over-year jump, followed by Contra Costa (84.3 percent) and Solano (70.2 percent). The only counties registering a dip from last year were Glenn (-23.1 percent), San Francisco (-18.4 percent) and San Mateo (-3.0 percent).New active listings at the state level increased from a year ago for the sixth consecutive month. The pace of growth, however, has declined in the last two months to a single-digit number in June due primarily to seasonality factors. Twenty-nine of the 52 counties tracked by C.A.R. posted an increase in new active listings from June 2023. Yuba recorded the largest increase in new listings on a year-over-year basis at 44.8 percent, followed by Mendocino (35.6 percent) and Sutter (28.3 percent). Twenty-three counties experienced a decline in new active listings from a year ago, with Trinity (-34.5 percent) registering the sharpest drop, followed by Glenn (-28.6 percent) and Mono (-22.7 percent).The median number of days it took to sell a California single-family home was 18 days in June and 15 days in June 2023.C.A.R.‘s statewide sales-price-to-list-price ratio* was 100.0 percent in June 2023 and 100.0 percent in June 2023.The statewide average price per square foot** for an existing single-family home was $440, up from $412 in June a year agoThe 30-year, fixed-mortgage interest rate averaged 6.92 percent in June, up from 6.71 percent in June 2023, according to C.A.R.’s calculations based on Freddie Mac’s weekly mortgage survey data.Note: The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data is not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.
*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its original list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.
**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 53 counties.
Leading the way…® in California real estate for more than 118 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 180,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles. June 2024 County Sales and Price Activity (Regional and condo sales data not seasonally adjusted) June 2024
Median Sold Price of Existing Single-Family Homes
Sales
State/Region/County
June
2024
May
2024
June
2023
Price MTM% Chg
Price YTY% Chg Sales MTM% Chg Sales YTY% Chg
Calif. Single-family home
$900,720
$908,040
$837,850
r
-0.8 %
7.5 %
-0.8 %
-2.7 %
Calif. Condo/Townhomes
$697,000
$690,000
$650,000
1.0 %
7.2 %
-16.2 %
-8.9 %
Los Angeles Metro Area
$835,000
$840,000
$775,000
-0.6 %
7.7 %
-12.1 %
-13.5 %
Central Coast
$1,072,000
$1,059,000
$984,500
1.2 %
8.9 %
-8.7 %
-9.7 %
Central Valley
$503,000
$507,080
$480,000
-0.8 %
4.8 %
-7.9 %
-5.5 %
Far North
$409,000
$400,000
$380,000
2.3 %
7.6 %
-13.7 %
-16.3 %
Inland Empire
$600,000
$598,490
$570,000
0.3 %
5.3 %
-7.3 %
-13.2 %
San Francisco Bay Area
$1,400,000
$1,455,000
$1,323,810
-3.8 %
5.8 %
-7.6 %
-1.1 %
Southern California
$875,000
$880,000
$815,000
-0.6 %
7.4 %
-11.5 %
-11.5 %
San Francisco Bay Area
Alameda
$1,369,210
$1,375,000
$1,305,000
-0.4 %
4.9 %
-9.4 %
4.8 %
Contra Costa
$903,000
$942,500
$930,000
-4.2 %
-2.9 %
-10.7 %
-3.1 %
Marin
$1,800,000
$1,800,000
$1,715,000
0.0 %
5.0 %
-9.2 %
-7.7 %
Napa
$952,500
$987,000
$843,750
-3.5 %
12.9 %
-10.8 %
-5.7 %
San Francisco
$1,650,000
$1,690,000
$1,595,000
-2.4 %
3.4 %
-12.1 %
-1.5 %
San Mateo
$2,110,000
$2,400,000
$2,039,000
-12.1 %
3.5 %
-7.6 %
-8.7 %
Santa Clara
$1,955,000
$2,100,000
$1,825,000
-6.9 %
7.1 %
-13.0 %
2.6 %
Solano
$601,250
$605,000
$590,000
-0.6 %
1.9 %
16.8 %
-2.7 %
Sonoma
$835,000
$880,450
$850,000
-5.2 %
-1.8 %
2.2 %
-2.4 %
Southern California
Imperial
$385,000
$405,000
$378,160
-4.9 %
1.8 %
-15.7 %
-18.9 %
Los Angeles
$889,180
$811,610
$832,310
9.6 %
6.8 %
-13.8 %
-15.5 %
Orange $1,450,000
$1,422,500
$1,260,000
1.9 %
15.1 %
-17.1 %
-11.9 %
Riverside $643,500
$650,000
$628,000
-1.0 %
2.5 %
-8.6 %
-13.5 %
San Bernardino
$522,500
$488,900
$470,000
6.9 %
11.2 %
-4.9 %
-12.6 %
San Diego
$1,054,180
$1,025,000
$958,250
2.8 %
10.0 %
-9.0 %
-1.9 %
Ventura
$964,500
$925,000
$927,500
4.3 %
4.0 %
-10.0 %
-5.7 %
Central Coast
Monterey
$1,039,000
$1,047,000
$796,370
-0.8 %
30.5 %
-24.7 %
-21.0 %
San Luis Obispo
$890,000
$885,000
$865,000
0.6 %
2.9 %
3.3 %
3.3 %
Santa Barbara
$1,355,500
$1,375,000
$1,197,000
-1.4 %
13.2 %
-13.1 %
1.2 %
Santa Cruz
$1,413,000
$1,355,000
$1,200,000
4.3 %
17.8 %
3.7 %
-25.3 %
Central Valley
Fresno
$428,890
$425,000
$429,390
0.9 %
-0.1 %
4.1 %
-5.8 %
Glenn
$350,000
$329,250
$360,000
6.3 %
-2.8 %
-33.3 %
-57.9 %
Kern
$375,000
$400,000
$381,180
-6.3 %
-1.6 %
-1.0 %
3.0 %
Kings
$391,400
$361,000
$355,000
8.4 %
10.3 %
-30.4 %
-33.7 %
Madera
$415,070
$429,000
$447,700
-3.2 %
-7.3 %
-13.3 %
-28.2 %
Merced
$421,000
$400,000
$390,650
5.3 %
7.8 %
18.5 %
5.5 %
Placer
$685,000
$675,000
$667,500
1.5 %
2.6 %
-8.4 %
-6.6 %
Sacramento
$560,000
$555,000
$530,000
0.9 %
5.7 %
-13.1 %
-3.9 %
San Benito
$854,000
$734,950
$750,000
16.2 %
13.9 %
-31.0 %
-35.6 %
San Joaquin
$550,000
$560,000
$530,400
-1.8 %
3.7 %
-8.3 %
2.0 %
Stanislaus
$495,000
$489,500
$460,000
1.1 %
7.6 %
-4.9 %
6.2 %
Tulare
$375,000
$383,640
$375,000
-2.3 %
0.0 %
-17.6 %
-18.5 %
Far North
Butte
$475,900
$442,000
$413,500
7.7 %
15.1 %
-34.7 %
-27.7 %
Lassen
$267,500
$274,500
$261,250
-2.6 %
2.4 %
-12.5 %
-36.4 %
Plumas
$465,000
$529,000
$390,000
-12.1 %
19.2 %
-3.4 %
-15.2 %
Shasta
$396,950
$390,000
$385,000
1.8 %
3.1 %
-6.3 %
-11.9 %
Siskiyou $362,120
$334,500
$289,900
8.3 %
24.9 %
-13.3 %
4.0 %
Tehama
$375,000
$350,000
$362,500
7.1 %
3.4 %
25.0 %
0.0 %
Trinity
$322,100
$360,000
$305,000
-10.5 %
5.6 %
-27.3 %
-38.5 %
Other Calif. Counties Amador
$450,000
$420,000
$470,000
7.1 %
-4.3 %
21.6 %
-25.0 %
Calaveras
$495,000
$471,000
$459,000
5.1 %
7.8 %
-7.0 %
-4.3 %
Del Norte
$350,000
$230,000
$410,000
52.2 %
-14.6 %
15.4 %
-21.1 %
El Dorado
$709,000
$699,000
$700,000
1.4 %
1.3 %
-11.4 %
-20.8 %
Humboldt
$490,620
$450,000
$440,000
9.0 %
11.5 %
-14.6 %
-5.4 %
Lake
$352,500
$351,250
$342,500
0.4 %
2.9 %
-11.1 %
-13.5 %
Mariposa
$374,500
$502,500
$450,000
-25.5 %
-16.8 %
-11.1 %
-5.9 %
Mendocino
$521,690
$477,500
$520,000
9.3 %
0.3 %
4.3 %
11.6 %
Mono
$1,240,000
$812,500
$925,000
52.6 %
34.1 %
-12.5 %
-22.2 %
Nevada
$625,000
$560,000
$573,860
11.6 %
8.9 %
-6.1 %
-25.6 %
Sutter
$500,000
$427,500
$437,000
17.0 %
14.4 %
-22.4 %
-15.1 %
Tuolumne
$439,500
$430,000
$413,000
2.2 %
6.4 %
-14.3 %
-22.9 %
Yolo
$649,500
$653,980
$617,000
-0.7 %
5.3 %
0.0 %
-14.5 %
Yuba
$446,750
$449,950
$445,000
-0.7 %
0.4 %
-25.6 %
1.6 %
r = revised NA = not available June 2024 County Unsold Inventory and Days on Market (Regional and condo sales data not seasonally adjusted) June 2024
Unsold Inventory Index
Median Time on Market
State/Region/County
June
2024
May
2024
June
2023
June
2024
May
2024
June
2023
Calif. Single-family home
3.0
2.6
2.2
18.0
16.0
15.0
Calif. Condo/Townhomes
3.2
2.6
2.1
20.0
19.0
15.0
Los Angeles Metro Area
3.2
2.8
2.2
21.0
21.0
19.0
Central Coast
3.5
3.0
2.5
16.0
15.0
13.0
Central Valley
2.8
2.5
2.2
17.0
15.0
13.0
Far North
5.4
4.3
4.0
24.0
16.0
18.0
Inland Empire
3.7
3.3
2.5
26.5
28.0
23.0
San Francisco Bay Area
2.0
1.9
1.6
14.0
12.0
13.0
Southern California
3.1
2.7
2.2
20.0
19.0
17.0
San Francisco Bay Area
Alameda
1.8
1.6
1.2
12.0
12.0
10.0
Contra Costa
1.8
1.5
1.2
12.5
10.0
9.0
Marin
2.3
2.5
1.6
39.0
47.0
40.0
Napa
5.6
4.9
4.6
52.0
59.0
46.0
San Francisco
1.8
1.9
2.0
34.0
30.5
30.0
San Mateo
1.7
1.8
1.5
11.0
8.0
10.0
Santa Clara
1.5
1.4
1.3
8.0
8.0
8.0
Solano
2.7
3.1
1.8
35.0
35.0
27.0
Sonoma
3.4
3.3
2.7
45.0
44.0
42.0
Southern California
Imperial
2.1
1.7
NA
13.0
12.0
14.0
Los Angeles
3.1
2.7
2.1
19.0
18.5
17.0
Orange 2.5
2.0
1.9
18.0
17.0
17.0
Riverside 3.3
3.1
2.3
27.0
30.0
24.0
San Bernardino
4.2
3.8
2.8
25.0
23.0
21.0
San Diego
2.7
2.4
2.0
14.0
12.0
11.0
Ventura
2.8
2.5
2.1
27.0
26.0
26.0
Central Coast
Monterey
4.3
2.9
2.7
10.5
11.0
11.0
San Luis Obispo
3.1
3.2
2.7
22.0
24.0
20.0
Santa Barbara
3.3
2.8
2.3
13.0
16.0
12.0
Santa Cruz
3.4
3.5
2.4
15.0
13.0
11.0
Central Valley
Fresno
2.9
3.0
2.3
15.0
13.0
13.0
Glenn
5.8
3.4
3.1
23.0
70.5
14.0
Kern
2.3
2.4
2.1
17.0
14.0
13.0
Kings 3.4
2.4
2.0
16.0
13.0
8.0
Madera
5.2
4.3
3.0
32.5
29.5
28.0
Merced
2.4
2.7
2.4
20.0
13.0
13.0
Placer 2.6
2.6
2.2
24.0
17.0
16.0
Sacramento
2.5
2.2
1.9
17.0
15.0
12.0
San Benito
5.0
3.2
2.4
25.0
16.5
12.0
San Joaquin
2.9
2.5
2.2
15.0
11.0
14.0
Stanislaus
2.8
2.5
2.3
15.0
15.5
13.0
Tulare
3.2
1.3
2.4
14.0
15.0
12.0
Far North
Butte 4.2
2.5
2.6
20.0
13.0
14.0
Lassen
9.4
7.9
5.1
45.0
35.0
31.0
Plumas
7.2
6.0
6.0
15.0
17.0
23.0
Shasta
4.1
3.8
3.3
23.0
14.0
16.0
Siskiyou 11.5
8.7
9.6
29.0
20.5
18.0
Tehama
4.8
5.8
4.1
42.0
63.0
45.5
Trinity
14.6
9.8
8.8
232.0
91.5
87.0
Other Calif. Counties Amador
6.7
7.1
3.9
37.0
29.0
20.0
Calaveras
6.1
4.8
3.9
13.0
13.0
46.0
Del Norte
7.4
8.4
4.6
31.0
21.0
31.0
El Dorado 5.3
4.3
3.2
22.0
22.0
14.0
Humboldt
6.9
5.5
5.2
26.5
27.0
15.0
Lake 6.5
5.5
5.2
47.0
55.5
39.5
Mariposa
6.4
5.3
5.9
18.0
22.0
31.0
Mendocino
7.9
7.5
7.6
58.0
70.0
51.0
Mono
4.4
3.8
3.9
66.0
24.5
18.0
Nevada
5.2
4.7
3.5
28.0
30.0
18.0
Sutter
3.5
2.6
2.3
16.0
23.5
16.0
Tuolumne
7.3
5.4
4.0
16.5
19.0
15.0
Yolo
2.5
2.2
1.8
20.0
13.0
12.0
Yuba
4.5
3.3
3.2
26.5
30.0
22.0
r = revised NA = not available View original content to download multimedia:https://www.prnewswire.com/news-releases/high-mortgage-rates-continue-to-hamper-california-home-sales-in-june-car-reports-302199707.html
SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
July 17, 2024 – By Yahoo Finance
Prologis sees improving logistics real estate market in 2025
Logistics warehouse operator Prologis said uncertainty around interest rates and the political landscape should be resolved in the coming months, clearing a path for a more constructive 2025. The post Prologis sees improving logistics real estate market in 2025 appeared first on FreightWaves.
July 17, 2024 – By Reuters
![](https://www.reuters.com/resizer/v2/DM6XRYLW3BIKHB6KKD2HZFOXHQ.jpg?auth=d2fde27a27314d31e009e489aee572b291bbdab5189d608b94d703d13fa2cd76&height=1005&width=1920&quality=80&smart=true)
US single-family housing starts hit eight-month low; green shoots in manufacturing
U.S. single-family homebuilding fell to an eight-month low in June amid higher mortgage rates, suggesting the housing market was likely a drag on economic growth in the second quarter.
July 17, 2024 – By CNBC
![](https://image.cnbcfm.com/api/v1/image/108003383-1720549568659-gettyimages-2158123283-bzhome240618.jpeg?v=1721742404&w=1920&h=1080)
Here’s why international buyers are pulling way back from the U.S. housing market
Foreign buyers are facing high prices and tight supply in the housing market, and they’re also up against a strong U.S. dollar.
July 17, 2024 – By N.A.R.
![](https://cdn.nar.realtor/sites/default/files/gettyimages-473617476.jpg)
Foreign Home Buyers Recede from U.S. Market as Prices Soar
The number of homes international buyers purchased fell to the lowest level on record in the last year. Find out which markets are still attracting global attention.
July 14, 2024 – By SF Gate
Inflation drops again in June clearing the path to a Fed Rate Cut
Annual inflation in the U.S. dropped to its lowest level in more than three years last month, increasing the odds of a September interest rate cut that would bring relief to mortgage markets.
July 13, 2024 – By Yahoo Finance
5 Best California Cities To Buy Property Over the Next 5 Years
For many Americans, the dream of being able to purchase real estate in the state of California is out of reach. California routinely ranks within the top five states as one of the most expensive…
July 13, 2024 – By CNBC
![](https://image.cnbcfm.com/api/v1/image/107356575-1704889507681-gettyimages-1661191757-AFP_33UE9XZ.jpeg?v=1720717480&w=1920&h=1080)
The housing market, explained in 6 charts
This data helps show why the housing market feels so different than it did just a few years ago.
July 11, 2024 – By Commercial Observer
![](https://commercialobserver.com/wp-content/uploads/sites/3/2024/07/Andy-Jassy-Amazon-warehouse-GettyImages-1554397208-WEB.jpg?quality=80&w=768)
SoCal’s Inland Empire Industrial Market on the Comedown: Report
Amount of vacant sublease space doubled since last year, hitting all-time high.
July 9, 2024 – By Fast Company
![](https://images.fastcompany.com/image/upload/f_auto,q_auto,c_fit/wp-cms-2/2024/07/p-1-91152262-housing-market-affordability-renters.jpg)
Housing affordability is so stretched that fewer than 3% of renters can afford to buy in some markets
According to new data from Zillow, these are the markets where housing affordability is most out of reach for renters.
July 8, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2424201/san-jose.jpg)
California city sees flood of homeowners trying to sell houses
The area last month saw listings increase substantially.
July 8, 2024 – By MPA
![](https://cdn-res.keymedia.com/cms/images/us/073/0311_638560471663565820.png)
California mortgage market: How are buyers coping with rapid price hikes?
The state is seeing some of the hottest price growth in the US
July 8, 2024 – By SF Gate
Calif.'s second-biggest county sees home prices hit $1M for first time
San Diego is known for many things, from its early California history to its seemingly endless coastline. The state’s southernmost county is a famed getaway for tourists and statewide locals alike, the kind of always temperate destination that feels like a special kind of West Coast paradise. But up until relatively recently, all of that splendor has come with a secret: San Diego County remained somewhat affordable for average homeowners — at least by California standards.
July 7, ,2024 – By A Wealthy of Common Sense
![](https://awealthofcommonsense.com/wp-content/uploads/2024/07/Screenshot-2024-07-06-085645.png)
Why Don’t We Build More Housing? - A Wealth of Common Sense
Minneapolis and Austin are the models of making housing more affordable.
June 28, 2024 – By Daily Mail
![](https://i.dailymail.co.uk/1s/2024/06/28/06/86684597-0-image-a-14_1719550874718.jpg)
Costco’s ambitious new plan to help fix California’s housing crisis
The cut-price supermarket is planning a 185,000sqft store in South LA at 5035 Coliseum Street on a vacant five-acre lot that used to be a hospital, but that is only part of the development.
June 27, 224 – By Newsweek
![](https://d.newsweek.com/en/full/2418016/california-housing.jpg)
California house prices plunge up to $400k as insurance crisis deepens
A luxurious property in Wine Country has seen a drastic price reduction—a move that reflects the crisis affecting the state’s insurance sector.
June 27, 2024 – By CNN
![](https://media.cnn.com/api/v1/images/stellar/prod/gettyimages-1878228771.jpg?c=16x9&q=w_800,c_fill)
The housing market is ‘stuck’ until at least 2026, Bank of America warns | CNN Business
Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices.
June 26, 2024 – By the Daily Breeze
![](https://www.dailybreeze.com/wp-content/uploads/2024/06/REjobs-523.jpg?w=1024&h=591)
Southern California real estate bosses add 5,600 workers in May
But property-linked employment of 837,800 in May was 13,000 jobs below the post-2009-employment peak.
June 26, ,2024 – By The Real Deal
![](https://static.therealdeal.com/wp-content/uploads/2024/06/Home-Insurance-Becomes-Big-Budget-Item-for-California-Buyers-f.jpg)
Home Insurance Becomes Big Budget Item for California Buyers
Lafayette man cycles through three dozen agents before landing a policy with a $10,000 annual premium.
June 26, 2024 – By GV Wire
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/06/24123906/062822_Fresno-Home-File_LV_CM_03.jpg-copy.jpg)
California Real Estate Group Won’t Fight Affordable Housing Measure — for a Price
In a surprising twist, California’s real estate lobby has agreed to stop opposing an affordable housing measure, but there’s a catch.
June 24, 2024 – By LAist
How a warehouse development is reshaping one community in the Inland Empire
Will a massive warehouse make or break the small unincorporated community of Bloomington?
June 24, 2024 – By SiliconValley.com
![](https://www.siliconvalley.com/wp-content/uploads/2024/06/CALIFORNIA-HOMEOWNERSHIP-RATE@2x-1.jpeg?w=1024&h=552)
Homeownership suffers in California, US as prices outstrip incomes
Last year’s California homeownership rate was equal to a 40-year average. And the US rate was only slightly better than its norm since 1984.
June 24, 2024 – By Press-Telegram
![](https://www.presstelegram.com/wp-content/uploads/2024/06/Housing_Supply_15727.jpg?w=1024&h=683)
Yellen announces efforts to boost housing supply amid price crunch
The investments include providing $100 million through a new fund over the next three years to support affordable housing financing.
June 23, 2024 – By KTLA
![](https://ktla.com/wp-content/uploads/sites/4/2024/06/Untitled-design-68-e1718834503936.png?w=1280)
Housing is ‘impossibly unaffordable’ in these 4 California cities
When it comes to housing, the U.S. is home to some of the most, and least, affordable markets.
June 23, 2024 – By KQED
![](https://cdn.kqed.org/wp-content/uploads/sites/10/2024/06/062822_Fresno-Home-File_LV_CM_03-copy-1020x680.jpg)
California Realtor Group Won’t Fight Affordable Housing Measure — for a Price | KQED
The California Association of Realtors agrees not to oppose a constitutional amendment to reduce the voter approval threshold for housing bonds. In exchange, the measure will not apply to single-family homes. Some housing advocates are angry about the carve-out.
June 23, 2024 – By Fox5 San Diego
![](https://fox5sandiego.com/wp-content/uploads/sites/15/2024/06/Untitled-design-68-e1718834503936.png?w=1280)
Housing is ‘impossibly unaffordable’ in these US cities
When it comes to housing, the U.S. is home to some of the most, and least, affordable markets.
June 21, 2024 – By S&P Global
![](https://platform.mi.spglobal.com/Articles/hpimages/424766447.jpeg)
Inland Empire office market lowest in US vacancy; industrial land sold for $69M
The June 21 edition of the weekly roundup of real estate news also features MSC Group’s $67 million acquisition of a Miami commercial condominium and US hotel market performance across key metrics for the week ended June 15.
June 17, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2411713/california.jpg)
California’s progressive policies blamed for housing market crisis: Report
California’s home prices have soared since the pandemic.
June 17, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2411336/mortgages.jpg)
Housing market may hit ‘breaking point,’ economist warns
Homeownership is becoming less affordable for many due to high mortgage costs and elevated house prices.
June 17, 2024 – By KSBY
![](https://ewscripps.brightspotcdn.com/dims4/default/311ff89/2147483647/strip/true/crop/4682x2458+0+327/resize/1200x630!/quality/90/?url=http%3A%2F%2Fewscripps-brightspot.s3.amazonaws.com%2F39%2Fff%2F1dac905f44a38769364308da865a%2Fap700523139308.jpg)
Home prices, high home insurance rates making it hard for local first-time homebuyers
Local real estate agents say people from the Bay Area and Southern California are often out-bidding local first-time home buyers and they’re using cash to do so.
June 17, 2024 – By Yahoo Finance
Home Buying Hazard: Top U.S. Cities Where Your Investment May Sink, According To ‘Special Housing Risk Report’
California, New Jersey, and Illinois face heightened housing market risks, marked by a concentration of counties vulnerable to market downturns.Identified in a “Special Housing Risk Report” issued by ATTOM on Thursday, the study analyzed data from 590 counties across the U.S. and found wide disparities in housing market stability. Focusing on indicators like home affordability, underwater mortgages, foreclosure rates, and local unemployment, the report aimed to identify how market dynamics in th
June 17, 2024 – By News Decoder
![](https://news-decoder.com/wp-content/uploads/2024/06/Homelessness-in-US-900-x-600-px.png)
Too many people, too few homes
Obstacles to building housing have created a homeless crisis in California. Can the “Golden State” find a way to house the people living on its streets?
June 17, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2405049/californias-exodus-about-get-even-worse.png)
California’s exodus could get even worse
Five of the top ten relocation routes searched with a leading company in 2024 involved leaving California.
June 16, 2024 – By Fortune
![](https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1309218211-e1718555498587.jpg?resize=1200,600)
High home prices are ‘feudalizing’ California as unaffordable housing markets pose existential threat to middle class, study says
There are unaffordable housing markets, and then there are “impossibly unaffordable” markets, four of which are in California, a recent study said.
June 15, 2024 – By World Atlas
![](https://www.worldatlas.com/r/w1200-q80/upload/ea/46/e5/downtown-hemet-nevins-building-downtown-deli.jpg)
6 Budget-Friendly Towns in Southern California for Retirees
California’s six senior-friendly towns offer affordable housing, strong community, and activities, making Southern California an ideal retirement spot.
June 14, ,2024 – By OC Register
Orange County’s homebuying pace tumbles to all-time low
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The cost of homebuying is so insane that Orange County’s sales are running at the slowest pace in records dating back 37 years. Source: My trusty spreadsheet looked at two-year periods of sales from CoreLogic stats stretching back to 1988 to measure how much the local housing market has chilled. Remember…
June 14, 2024 – By Newsweek
California’s Rent Market Gets Good News
Several cities in California saw rent prices fall between 2023 and 2024, mainly due to a drop in demand.
June 11, 2024 By NBC Los Angeles
![](https://media.nbclosangeles.com/2024/06/107425972-1717782739289-gettyimages-1466674703-22198-druzina_hisa.jpeg?quality=85&strip=all&resize=1200%2C675)
What to expect from the housing market in the second half of 2024, according to real estate experts
While one expert points to signs of improvement in the housing market, others say more listings and lower interest rates won’t counteract higher home prices.
June 10, 2024 – By MSN
Proposal to build massive warehouses near Inland Empire homes up for vote this week
A proposal to build millions of square feet worth of warehouses near some homes in Riverside is up for vote this week, and some residents are banding together in hopes of preserving the area.
June 10, ,2024 – By ConnectCRE
![](https://www.connectcre.com/wp-content/uploads/2021/02/Oakland_California-1.jpg)
Apartment Rents Drop in Seven of 11 Major California Cities - Connect CRE
Even as apartments nationally continue to rise, with the national rent index for one and two-bedroom units increasing by 1.2% in May, California’s largest cities are moving in the opposite direction, the California Apartment Association reported. According to Zumper’s National Rent Report, seven out of eleven major California cities reported negative annual rent rates for…
June 10, 2024 – By L.A. Daily News
![](https://www.dailynews.com/wp-content/uploads/2024/06/OCR-L-HOUSING-COSTS-0616.jpg?w=1024&h=625)
California homeownership costs jump 32% since pandemic began
California costs were up 32% – the No. 8 largest gain – to $28,790 – the No. 2 expense.
June 10, 2024 – By HousingWire
![](https://www.housingwire.com/wp-content/uploads/2024/05/AdobeStock_113501308.jpg)
Boomers, millennials locked in ‘showdown’ over housing: Fortune - HousingWire
Baby boomers and millennials are in a face-off over housing, as aging in place conflicts with entry into the housing market.
June 10, 2024 – By Yahoo Finance
Here’s the Living Wage a Single Person Needs To Live Comfortably in California
It probably comes as no surprise that California can be one of the most expensive places in the United States to live. In fact, some cities in the state, such as San Jose and Irvine, are known for…
June 7, 2024 – By Realtor.com
![](https://na.rdcpix.com/00d568104227854a9de1744aac5d661fw-c2058706757srd_q80.jpg)
Californians Are Leaving Big Cities—and You Won’t Believe Where They’re Moving to Next
California experienced a mass exodus as residents left for less expensive states. But many are also moving to surrounding areas.
June 6, 2024 – By Commercial Search
![](https://www.commercialsearch.com/news/wp-content/uploads/sites/46/2024/05/shutterstock_2072431880.jpg)
Boost in US Manufacturing Spurs Construction Boom
Manufacturing construction surged to 401.6 million square feet by April, according to the latest CommercialEdge report.
June 6, 2024 – By Yahoo Finance
Rent prices are falling in Los Angeles
Rents in Los Angeles have dropped 3% over the past year, marking the sharpest decline of any major city in California, according to a new report from the nonprofit news outlet Crosstown L.A. The median rent for a one-bedroom apartment in L.A. is currently $1,872 per month and $2,388 for a two-bedroom apartment, based on […]
June 6, 2024 – By Yahoo Finance
7 California Cities Where Rent Prices Are Plummeting
In the U.S. on average, rent prices for one- and two-bedrooms increased by 1.2% over the past month -- the first time monthly growth rates have exceeded 1% in the past 20 months, Zumper reported.…
June 6, 2024 – By HousingWire
![](https://www.housingwire.com/wp-content/uploads/2023/04/ADU.jpg)
New planning tool arrives as California prepares for more accessory dwelling units - HousingWire
A private planning firm in California is launching a new tool to help municipalities there prepare for more construction of accessory dwelling units.
June 6, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2405245/housing.jpg)
First-time buyers defy housing market trend
Government-supported homebuying programs increased their share of mortgage applications.
June 6, 2024 – By Yahoo
ADUs Accounted For 20% Of California’s New Home Construction In 2023
Accessory Dwelling Units (ADUs) have surged in popularity in California. With the median home price reaching $900,000, both citizens and legislators are seeking alternative housing solutions. A California Department of Finance study reveals that ADUs accounted for 20% of new home construction 2023. This means one in every five homes built in California last year was an ADU, doubling from 2020 when only one in 10 new homes was an ADU. The newfound popularity of ADUs proves that necessity is the m
June 5, 2024 – By CAA
![](https://caanet.org/app/uploads/2015/08/LOGO_RGB.png)
California rental market bucks national trend, sees decline in major cities
As rental prices across the United States continue to rise, with the national rent index for one and two-bedroom units increasing by 1.2% in May 2024, California’s largest cities are…
June 5, 2024 – By Fortune
![](https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1179761508-e1717621514926.jpg?resize=1200,600)
Zero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats
United Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the rage, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?
June 4, 2024 – By Globest
![](https://images.globest.com/contrib/content/uploads/sites/296/2024/06/San-Bernardino-County-ICSC-24-Featured-Image.png)
This SoCal County Is Booming - And It’s Not Where You Think
‘We have the land, the workforce, and the opportunities,’ says Supervisor Armendarez of San Bernardino County
June 4, 2024 – By Morningstar
June 4, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2402954/millennials-homeownership-soaring-california.png)
Millennials homeownership is soaring in California
San Francisco was the city with the highest shares of new mortgages going to older millennials last year, according to a Redfin report.
June 3, 2024 – By National Mortgage Professional
![](https://nationalmortgageprofessional.com/sites/default/files/2017-10/California_Home_Sales.jpg)
SoCal Sees Home Sales Rise 11.3% Annually In April
Southern California’s housing market was more productive than most of the country this April. The volume of home sales across the region rose by 11.3% from April 2023, with all six counties posting annual gains, according to CoreLogic’s monthly report.
June 3, 2024 – By Housingwire
![](https://www.housingwire.com/wp-content/uploads/2024/01/californiausa_unsplash.jpg)
Why a California law to create housing units hasn’t worked - HousingWire
Two years after the law went into effect, fewer than 500 property owners have sought to subdivide their land, and the number of new homes is only in the dozens.
June 2, 2024 – By San Diego Union-Tribune
Are San Diego or Inland Empire the riskiest housing markets in Southern California?
Two studies suggest that home prices in Southern California are not as overvalued as some U.S. metros
June 1, 2024 – By Spectrum News
June 1, 2024 – By Fortune
![](https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-185222438-e1717283022247.jpg?resize=1200,600)
The housing market is finally seeing more inventory, but buyers aren’t showing up as a ‘cold reality is settling down’
“Without the rate cuts, a cold reality is settling down on the housing market,” Robert Frick, corporate economist for Navy Federal Credit Union, said.
May 24, 2024 – By MSN
California homes sales rebound as prices continue to rise
Home sales in Southern California and across the state rebounded last month, while the statewide median home price exceeded $900,000 for the first time ever, according to figures released this week by the California Association of Realtors. Unadjusted raw sales increased on a year-over-year basis, with the Central Coast rising the most from a year ago, and Southern California showing sales gains of 8.7 percent from April 2023.…
May 17, 2024 – By Audacy
![](https://images.radio.com/aiu-media/unity-1--20240517T164623477-346775e1-05e7-4e0a-8bdf-a0fe35802cf6.png)
Home sales rebound in SoCal as prices continue to rise
Home sales in Southern California and across the state rebounded last month, while the statewide median home price exceeded $900,000 for the first time ever, according to figures released Friday by the California Association of Realtors.
May 17, 2024 – By Yahoo
California home prices just reached a new record high
Home prices in California reached a new record high in April as sales increased despite elevated mortgage rates and the state’s seemingly insurmountable housing shortage. The median price of a single-family home climbed to $904,210 last month, nearly 6% higher than March and 11% above April 2023, according to data released on Friday by the […]
May 17, 2024 – By C.A.R.
![](https://mma.prnewswire.com/media/2415542/CALIFORNIA_ASSOCIATION_OF_REALTORS_report.jpg?p=facebook)
Spring homebuying season kicks off with encouraging start; California median home price sets new all-time high, C.A.R. reports
/PRNewswire/ -- California’s housing market rebounded in April as sales rose on both a monthly and yearly basis, while the statewide median home price exceeded…
May 17, 2024 – By MSN
Southern California’s ‘last affordable’ region that has seen huge boom
Southern California’s ‘last affordable’ region has seen a huge population boom as coastal renters are flocking to snap up cheap homes.
May 15, 2024 – By Redfin
![](https://www.redfin.com/news/wp-content/uploads/2024/05/condo-2414328_1280.jpg)
Investor Home Purchases Rise for the First Time in Nearly Two Years
Overall, investors bought 19% of homes that sold in the first quarter—the highest shIare in almost two years.
May 14, 2024 – By The Real Deal
![](https://static.therealdeal.com/wp-content/uploads/2024/05/Oversupply-Bubble-Deflates-Industrial-Rents-for-the-Inland-Empire_FT-Thumbnail.jpg)
“Oversupply Bubble” Deflates Industrial Rents for the Inland Empire
Sun Life Financial blames falling warehouse rents for lowering values of its Southern California portfolio.
May 14, 2024 – By Globest
![](https://images.globest.com/contrib/content/uploads/sites/276/2024/05/Phil-Burum-Rhonesia-Headshots.png)
Fontana Looks Toward a Unique, Bustling Future | GlobeSt
As its revitalization marches forward, the Inland Empire city has added elements to its initial plan and continues to focus on unique concepts.
May 14, 2024 – By Calmatters
![](https://calmatters.org/wp-content/uploads/2024/05/042224-Inland-Empire-JAH-38.jpg)
Inland Empire battles low college grad rates to gain higher tech jobs and businesses
This California region battles smog, traffic and educational shortfalls in an effort to grow beyond warehouses
May 14, 2024 – By Norada Real Estate
![](https://www.noradarealestate.com/wp-content/uploads/2024/05/housing-market-trends-90-percent-of-metros-see-price-rise-despite-high-rates.jpeg)
Housing Market Trends Show 90% of Metros See Price Rise in 2024
The housing market defies expectations! 90% of US metros see price growth despite high rates. Unpacking the trends & top growth cities.
May 13, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2392303/los-angeles.jpg)
Los Angeles could see exodus as housing prices force people out
It’s “sad that I’ve lived here for 60 years and [have] to move out of state to be able to retire,” one survey respondent said.
May 13, 2024 – By Marketplace.org
![](https://www.marketplace.org/wp-content/uploads/2024/05/38-DSC00571-e1715362129545.jpg?fit=1200%2C676&w=1200)
Where small homes fit in the housing market, from the 1920s to 2020s - Marketplace
The trend towards smaller homes in expensive markets is nothing new; builders offered smaller homes to house families after both world wars.
May 11, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2391594/housing-market-us.jpg)
US housing market to be upended this summer: What to know
Changes to how real estate agents are compensated are expected to come into effect in July, potentially upending the U.S. housing market.
May 10, 2024 – By CoStar
Southern California Industrial Rents Dip Significantly
Softer Demand and Rising Vacancy Lead Rents Lower and Concessions Higher
May 10, 2024 – By Daily Bulletin
![](https://www.dailybulletin.com/wp-content/uploads/2024/05/1-YEAR-CHANGE-IN-JOB-LOSSES@2x.jpeg?w=1024&h=624)
California job losses jump 20% in a year
The state had 16% of all US job losses vs. a 14% average share in pre-pandemic 2015-19.
May 10, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2391092/housing-california.jpg)
California homeowners “dumbfounded” after insurance premiums double
California homeowners are struggling with growing premiums as the state faces an ongoing home insurance crisis.
May 10, 2024 – By Fortune
![](https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24130678077165-e1715366305482.jpg?resize=1200,600)
California’s massive $27.6 billion deficit pushes Gavin Newsom to suggest cutting 10,000 vacant jobs
This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall.
May 10, 2024 – By MSN.com
Housing Market Could Get 4 Million New Potential Buyers This Year
The tide could be turning for Americans looking to buy a home.
May 9, 2024 – By Morningstar
![](https://mma.prnewswire.com/media/2408428/CALIFORNIA_ASSOCIATION_OF_REALTORS_Q1_report.jpg)
Improvement in home prices, interest rates lifts California housing affordability during first-quarter 2024, C.A.R. reports
Improvement in home prices, interest rates lifts California housing affordability during first-quarter 2024, C.A.R. reports Improvement in home prices, interest rates lifts California housing affordability during first-quarter 2024, C.A.R. reports
May 9, 2024 – By Fortune
![](https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1044629122-e1715277232117.jpg?resize=1200,600)
‘Housing has hit rock bottom’: Top real estate CEO says high home prices are shutting people out of the market
The situation is ‘pretty dire’ for younger generations, a chief economist echoed in a separate interview.
May 9, 2024 – By C.A.R.
![](https://www.car.org/-/media/CAR/Images/Logo/CAR_FB_logo.gif)
First quarter 2024 housing affordability report
Improvement in home prices, interest rates lifts California housing affordability during first-quarter 2024.
May 8, 2024 – By Yahoo
How I’m Surviving Living in California’s Expensive Housing Market
Learn the tricks to getting by even when house prices are high.
May 8, 2024 – By HousingWire
![](https://www.housingwire.com/wp-content/uploads/2020/07/affordable-home-prices.jpeg)
Home prices grew in 93% of markets in Q1 2024: NAR - HousingWire
Home prices trended up in the first quarter of the year in almost all of the 221 U.S. metro areas analyzed by the trade group .
May 8, 2024 – By Commercial Observer
![](https://commercialobserver.com/wp-content/uploads/sites/3/2024/05/GettyImages-1960951887.jpg?quality=80&w=768)
SoCal Real Estate Jobs in March Plunged 36% From Seasonal Average
There were 755,900 property-related jobs in Los Angeles, Orange, Riverside and San Bernardino counties in March, according to O.C. Register.
May 6, 2024 – By Corelogic
![](https://www.corelogic.com/wp-content/uploads/sites/4/2024/04/SoCalMar24.jpg)
CoreLogic Southern California Housing Market Update: May 2024
All six Southern California counties saw annual home price gains in March, while sales volume dropped throughout the region.
May 6, 2024 – By California Listings
![](https://californialistings.com/wp-content/uploads/2024/05/sale-price-51-e1715001305835.png)
Redfin: There’s No Major American Metro Where Home Prices Are Falling
Home prices, like mortgage rates, continued to defy the odds and rose for the four weeks ending April 28 in
May 6, 2024 – By Globest
![](https://images.globest.com/contrib/content/uploads/sites/296/2023/03/Real-estate-inflation-Article-202303290821.jpg)
National Median Income Needed to Buy a Home Jumps Again | GlobeSt
On the brighter side, the report said affordable inventory is on the rise in other parts of the country, especially the South
May 6, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2387884/map-shows-popular-metros-college-graduates.png)
California cities see exodus of college-educated Americans
New research shows that graduates are exiting the Golden State en masse.
May 6, ,2024 – By The Real Deal
![](https://static.therealdeal.com/wp-content/uploads/2024/05/LA-Fewer-Californians-more-home-construction-%E2%80%94-yet-housing-prices-go-up-FEATUREIMG_v2.jpg)
Fewer Californians, More Homes — Yet Housing Prices Go Up
Since 2020, the state has 376,000 fewer residents, 433,000 more homes and 25% higher prices and rents.
May 5, 2024 – By Buzzfeed
![](https://img.buzzfeed.com/buzzfeed-static/static/2024-05/2/21/enhanced/f9ac8115ec8d/original-1209-1714685899-2.jpg?crop=1581:830;0,0%26downsize=1250:*)
Americans Are Sharing Why They’ve Decided To Call It Quits On House Hunting In 2024
“I make $90K a year and can’t afford to buy a house. That used to be considered good money.”
May 4, 2024 – By 2UrbanGirls
![](https://2urbangirls.com/wp-content/uploads/2022/01/iStock-464679012.jpg)
California’s insurance crisis is rattling the real estate market. It could impact ‘almost every sale’
News straight outta Inglewood, CA
May 3, 2024 – By BisNow
![](https://cdn.bisnow.net/fit?height=1200&type=jpeg&url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2024%2F05%2F663468627eb6b-pxl_20240502_181600178.jpeg&width=1200&sign=SND4WG2_FZItMYWKSn77FhmXUNcxrLv2ZT9vNO7OCJg)
Despite Slowing Market, SoCal Industrial Owners Are Holding Tight To Their Properties
Memories of top-dollar sales from before the slowdown are keeping sellers and buyers divided.
April 30, 2024 – By Palm Springs Tribune
![](https://i0.wp.com/pstribune.com/wp-content/uploads/2024/04/Palm-Springs-House-1-e1714415463943.jpg)
California Bills Aim To Reduce Corporate Investors From Buying Homes In California Neighborhoods That Critics Say Drive Up Housing Prices -
Some influential figures within California’s legislative body are advocating for the removal of major real estate investors from the state’s single-family neighborhoods.
April 30, 2024 – By CapRadio
![](https://www.capradio.org/media/12267087/bq3a5439-2.jpg)
California’s population grew in 2023, halting 3 years of decline
The California Department of Finance released a population estimate on Tuesday showing the state gained just over 67,000 people in 2023 for a total population of more than 39.1 million. It’s the first population increase since 2019.
April 29, 2024 – By Globest
![](https://images.globest.com/contrib/content/uploads/sites/296/2023/11/judge-gavel-Article-202311140810.jpg)
California Law on Single-Family Lot Splits Ruled Unconstitutional | GlobeSt
Judge sides with five cities who challenged law permitting up to four homes on one lot.
April 29, 2024 – By LA Daily News
![](https://www.dailynews.com/wp-content/uploads/2024/04/Local-homebuying-cools@2x.jpeg?w=1024&h=542)
Southern California home price hits record $753,000 as sales drop
Second-lowest sales for a March since 1988. Only March 2008, amid a global financial collapse, had fewer purchases.
April 28, ,2024 – By San Diego UT
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8 California real estate battles worth watching
The property game rarely has clear winners and losers
April 26, 2024 – By Daily News
![](https://www.dailynews.com/wp-content/uploads/2024/04/OCR-L-Rent-0202-e1713984321250.jpg?w=1024&h=580)
20 least-affordable US cities to buy a home are all in California
A California home costs 8.4 times income ($765,197 vs. $91,551) compared to 4.7 times nationally – $347,716 price vs. 74,755 income.
April 25, 2024 – By KQED
![](https://cdn.kqed.org/wp-content/uploads/sites/10/2024/04/016_KQED_AlamedaAffordableHousing_01122023_qut-1020x680.jpg)
California Law Letting Property Owners Split Lots to Build New Homes Is ‘Unconstitutional,’ Judge Rules | KQED
A Los Angeles Superior Court judge this week struck down SB 9, a 2021 California law allowing property owners to split their lots and build up to two new homes.
April 24, 2024 – By FoxLA
![](https://images.foxtv.com/static.foxla.com/www.foxla.com/content/uploads/2023/03/1280/720/DTLA-downtown-los-angeles-skyline-from-skyfox-3-4.jpg?ve=1&tl=1)
Are you earning enough to be middle class in California?
What does it mean to be “middle class” in California? Here’s’ the median income you need to earn.
April 24, 2024 – By Sacramento Appraisal Blog
![](https://sacramentoappraisalblog.com/wp-content/uploads/2024/04/insurance-crisis-is-affecting-housing-market-sacramento-appraisal-blog-image-purchased-from-123rf-dot-com.jpg)
The insurance crisis is affecting the housing market - Sacramento Appraisal Blog
Insurance has been a glaring mess in California, and it’s really starting to affect the housing market. Today, I want to share some things I’m hearing from the real estate community after asking for feedback on my social channels about home and fire insurance. The goal is to give some perspective and advice to sellers
April 24, 2024 – By Bloomberg
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i_GRsSqP4.80/v1/1200x800.jpg)
Allstate Will Insure California Homes Again, Under One Condition
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
April 23, 2024 – By Yahoo.com
![](https://s.yimg.com/cv/apiv2/social/images/yahoo_default_logo-1200x1200.png)
California first-time homebuyer program application deadline nears
First-time homebuyers - the deadline is fast-approaching for California’s high-demand loan program that’s giving away $150,000.
April 21, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2380880/housing-market-us.jpg)
Will house prices go down? Housing market stung by new prediction
Freddie Mac had drastically reviewed its predictions on the rise of home prices in 2024 and 2025.
April 20, 2024 – By KTLA5
![](https://ktla.com/wp-content/uploads/sites/4/2024/04/GettyImages-1481645602-e1713203120122.jpg?w=1280)
How much does the ‘American dream’ cost in California?
Dreaming of a white picket fence? It might only be a dream.
April 20, 2024 – By GoBankingRates.com
![](https://cdn.gobankingrates.com/wp-content/uploads/2018/04/12-Riverside-California-shutterstock_261013616.jpg)
Housing Market 2024: 10 Most Overpriced Housing Markets in California
See which California cities sport the highest housing premium
April 19, 2024 – By Tracy Press
![](https://bloximages.chicago2.vip.townnews.com/ttownmedia.com/content/tncms/assets/v3/editorial/6/01/601d7425-0197-57b1-af59-00f59edbfc1c/6622cdf55b620.image.jpg?crop=1000%2C525%2C0%2C71&resize=1000%2C525&order=crop%2Cresize)
California Is the Worst State to Find a Starter Home
While conditions are challenging overall for new buyers, some parts of the U.S. are more favorable than others. To determine the best places to find a starter home, researchers calculated
April 19, 2024 – By Reason.com
![](https://d2eehagpk5cl65.cloudfront.net/img/q60/uploads/2024/04/tierra-mallorca-JXI2Ap8dTNc-unsplash-scaled.jpg)
California is trying to drive landlords out of business
California’s crusade to protect tenants in a tight housing market is eroding the property rights of landlords, with potentially devastating consequences.
April 19, 2024 – By Patch.com
![](https://patch.com/img/cdn20/shutterstock/23539314/20240419/041919/styles/patch_image/public/shutterstock-1081122278___19161024716.jpg)
SoCal Home Sales Cool As Prices Spike
Across Southern California prices soared more than 10 percent year-over-year, sending sales on the skid.
April 19, 2024 – By KSWB
California home sales slowed in March as median home prices continued to climb
The spring home-buying season got off to a slow start as the California Association of Realtors reported a drop in the Golden State’s home sales last month.
April 16, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2378560/housing-market-us.jpg)
Mortgage rates spike could upend housing market
Rising mortgage rates could have a chilling effect at one of the busiest times of the year for home sales.
April 16, 2024 By Fox11
![](https://images.foxtv.com/static.foxla.com/www.foxla.com/content/uploads/2024/04/1280/720/GettyImages-526204126.jpg?ve=1&tl=1)
Even California’s ‘working class’ cities are seeing home prices over $1 million: report
California counties where cities are suffering the most include Los Angeles, Orange, and San Diego.
April 16, 2024 – By Newsweek
![](https://d.newsweek.com/en/full/2378855/housing-construction.jpg)
Home building is collapsing
New home construction in the U.S. plunged in March, according to data from the U.S. Census Bureau.
April 16, 2024 – By Reuters
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US homebuilding retreats; manufacturing turning the corner
U.S. single-family homebuilding tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in mortgage rates is pushing potential buyers to the sidelines.
April 15, 2024 – By The Real Deal
![](https://static.therealdeal.com/wp-content/uploads/2024/04/Growing-Inventory-Fuels-SoCal-Home-and-Condo-Sales-f.jpg)
Growing Inventory Fuels SoCal Home and Condo Sales
Markets absorb ULA and mortgage shocks, boding well for the multifamily investment sector.
April 15, 2024 – By The Real Deal
![](https://static.therealdeal.com/wp-content/uploads/2024/04/Million-Dollar-Cities-in-California-Now-Include-Working-Class-Towns_FT-Thumbnail.jpg)
“Million-Dollar Cities” in California Now Include Working-Class Towns
Rising home values add suburbs such as San Gabriel, Tustin and Thousand Oaks to the state’s seven-figure list.
April 15, ,2024 – By MSN
California’s Housing Market Is Getting Worse for Buyers
Home values in cities in the Golden State keep going up, according to real estate firm Zillow.