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April 16, 2024 – By Newsweek
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
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
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
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
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
“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.
April 15, 2024 – By Bloomberg
Los Angeles Warehouse Vacancies Climb to Highest in a Decade
Vacancies for industrial buildings in the greater Los Angeles area, the largest market for that property type in the US, have risen to the highest level in a decade.
April 9, 2024 – By FastCompany
California’s divided housing market, as told by 2 maps
While national home prices are hovering around all-time highs, some housing markets have fallen from their frothy peaks in spring 2022.
April 9, 2024 – By MSN
California City Sees sudden Change in Home Prices
Downtown San Francisco condos rebound sharply, hitting near $1 million after a low last year, signaling a market recovery.
April 8, ,2024 – By Tracy Press
California Sees 6.7% Growth in Total Housing Units Over the Past Decade
The need for affordable housing in the United States has never been greater. After adjusting for inflation, home prices are nearly 60% higher than they were 10 years ago, and
April 4, 2024 – By MSN
Joshua Tree Was California’s Hottest Housing Market. What Happened?
The desert communities surrounding the national park saw home-buyer demand explode during the pandemic. Now it’s coming back down to earth.
April 4, 2024 – By Newsweek
California house prices plunge by as much as 40% in some areas
Parts of Northern California are seeing homeowners slashing their properties’ sale prices in an attempt to sell.
April 2, 2024 – By AOL
California is building fewer homes. The state could get even more expensive
Developers built fewer homes in California in 2023, potentially leading to higher prices and rents as a supply shortage worsens.
April 2, 2024 – By UCSD
All-Cash Home Buyers Pay 10% Less than Mortgage Buyers
Owning a home has long been considered a crucial way to build wealth, but making such a purchase has become increasingly difficult for many residents.
April 1, 2024 – By CoStar
Inland Empire Industrial Vacancy Rate Leads Among Many US Markets
Further Vacancy Expansion Faces the California Region as Tenant Demand Remains Soft
April 1, 2024 – By Newsweek
California gives homebuyers $150,000 to buy houses
On April 3, the program opens once again, and qualifying homebuyers can score up to 20 percent off their down payment fees.
April 1, 2024 – By FoxLA
Here’s every California county’s median household income
The list, published every year by California’s Department of Housing and Community Development, divides the income limits into six categories ranging from “acutely low” to “moderate.”
March 26, 2024 – By Realtor.com
California Homeowners Face an Insurance Crisis. What Will It Mean for Home Prices in the State?
Californians are facing yet another setback on the housing front after a major insurer said it is pulling out of 72,000 home-insurance policies.
March 26, 2024 – By Newsweek
California city sees home prices surge
San Diego saw the highest yearly increase in house prices, according to The S&P CoreLogic Case-Shiller U.S. National Home Price Index.
March 25, 2024 – By Spectrum News
California bill would cap the number of homes investment firms could own
There are currently only five companies
March 25, 2024 – By ConnectCRE
Inland Empire Industrial Vacancies Tick Upward Amid Wave of Completions - Connect CRE
The Inland Empire’s industrial market remains competitive despite the steady rise in vacancies and decline in lease rates, Kidder Mathews reported. The market ended the first quarter with vacancies averaging 4.9%. “Construction deliveries have boosted the market’s net absorption as tenants move into a wave of new inventory,” wrote Kidder Mathews director of research Gary…
March 21, 2024 – By CalMatters
For a richer future, one Inland Empire town could lose its past | Opinion
The embrace of warehouses in one Inland Empire town highlighted how their financial appeal puts local culture and quality of life at risk.
March 19, 2024 – By Patch.com
SoCal Home Prices And Sales Defy 2024 Expectations So Far
The spike in prices starts the year on a more bullish note than many housing forecasters expected for 2024.
March 19, 2024 – By KTLA
California home sales remain resilient in February despite rising mortgage interest rates, C.A.R. reports
Existing, single-family home sales totaled 290,020 in February on a seasonally adjusted annualized rate, up 12.8 percent from 257,040 in January and up 1.3 percent from 286,290 in February 2023. February’s statewide median home price was $806,490, up 2.2 percent from January and up 9.7 percent from $735,300 in February 2023.Year-to-date statewide home sales were up 3.4 percent.LOS ANGELES, March 19, 2024 /PRNewswire/ -- Despite a recent uptick in mortgage rates, California’s housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
March 19, 2024 – By MSN
Why California's Forcing Home Sellers to Give Up Part of Their Profit
California homebuyers may be excited to take advantage of the state's relaunched down-payment-assistance program, but they should pay attention to the fine print.
March 12, 2024 – By Corelogic
CoreLogic Southern California Housing Market Update: March 2024
The median home sales price in Southern California was $705,000 in January 2024, up by about 5% on an annual basis.
March 11, 2024 – By The Real Deal
California’s Prop. 1 Measure to Fund $2B For Housing Leading By a Fraction
If passed, $6.4 billion bond could pour $2 billion into building 11,000 homes across California.
March 11, 2024 – By SGV Tribune
See where rents are falling or rising in LA, Inland Empire and Orange County
Orange County apartment rents continue to go up after 13 straight years of year-over-year hikes.
March 9, 2024 – By CalMatters
What You Need to Know About California Housing and Corporate Landlords
Share with friends ■California legislators are considering three bills to limit institutional investors in the state’s single-family home market. ■These bills seek to limit such investors from acquiring or investing in more single-family homes for rental purposes. ■Research shows mixed results on whether big investors cause rents to rise or if rising rents attract big […]
March 4, 2024 – By Capitol Weekly
California’s housing crisis: what we don’t know does hurt us - Capitol Weekly
California’s housing crisis is large and multidimensional -- from a desperate lack of affordable rentals for low- and moderate-income families to an equally severe lack of affordable homeownership opportunities for all but wealthy Californians. If we unite behind land use reforms, renter protections, and policies to make homeownership more accessible and affordable, we can ensure all Californians have a decent place to live, and that those who want to own their own home can do so.
March 4, 2024 – By The Real Deal
Southern California Home Sales Rise After Two-Year Slump
Year-over-year sales in six-county region rose 7% in January to nearly 11,000 transactions.
March 4, 2024 – By Brookings Institution
Can income-restricted ADUs expand the affordable housing stock in Los Angeles? | Brookings
Los Angeles’ housing crisis continues to worsen. In 2022, over 65,000 Angelenos were experiencing homelessness, rising to over 71,000 in 2023. Nearly 60% of renter households in Los Angeles County—over 1 million households—are cost-burdened, meaning they spend more than 30% of their income on rent. And while many public sector and nonprofit housing service providers are engaged in trying to help rehouse people experiencing homelessness, the overall number of homeless people continues to rise because high housing costs and extremely tight supply put intense financial pressure on many households.
March 4, 2024 – By CaliforniaListings.com
U.S. Housing Supply Short 7.2 Million Homes
While some hot spot California cities often make lists noting housing shortages in the U.S., a new report out from
March 4, 2024 – By SF Gate
March 1, 2024 – By The Real Deal
Homebuilding Drops in California, but Falls Faster in U.S.
Permits in state fall 6% to 111,221, with nearly even split between single-family and multifamily housing.
March 1, 2024 – By Mountain Democrat
California Ranks #8 in the Hottest Real Estate Markets of 2024
While 2023 marked a notably more subdued year for real estate compared to the preceding years, recent signs suggest market conditions could be heating up again—though some geographies are seeing
March 1, 2024 – By Norada Real Estate Investments
Is it a Good Time to Buy a House in California in 2024?
Buying a house in California in 2024 may be a good time for some buyers, depending on their personal and financial situation.
March 1, 2024 – By HousingWire
Opinion: Improving housing affordability without exposing homebuyers to more risk - HousingWire
Targeting title insurance as a way to cut costs fails to address real affordability problems and leaves homebuyers open to future title risks.
February 28, 2024 – By Investor Times
How Much Does A 3 Bedroom House Cost In California | INVESTOR TIMES
California is known for its stunning beaches, vibrant cities, and diverse culture. It is also notorious for its high cost of living, particularly when it comes to real estate. For those looking to purchase a 3-bedroom house in California, the cost can vary significantly depending on the location, size, and amenities of the property. In […]
February 27, 2024 – By Commercial Search
The Industrial Strength of the Inland Empire
An overview of the state of the Inland Empire’s industrial real estate market and its main health indicators.
February 27, 2024 – By BNN
The Inland Empire’s Industrial Pulse: An Unyielding Force in Global Market Dynamics
Explore the narrative of resilience and growth in the Inland Empire’s industrial market, reflecting on construction projects, investment trends, and strategic responses in a dynamic economic landscape.
February 26, 2024 – By AOL
Looking to buy or sell a home this spring? Here’s what to expect
As spring approaches, so does the typically busy spring home buying season. If you want to buy a home in Southern California, here are some thoughts.
February 25, 2024 – By Newsbreak
Multifamily Rents Predicted to Rise in Southern California Over the Next Two Years | News Chronicles | NewsBreak Original
A recent report from the University of Southern California’s Lusk Center for Real Estate suggests that multifamily rents across Southern California are poised to increase over the next two years, potentially presenting new hurdles for commercial real estate financing.
February 25, 2024 – By Newsbreak
Housing Crisis and Zoning Laws in California: A Path to Affordability or Community Resistance? | Nick Davies | NewsBreak Original
California is aggressively addressing its housing crisis through a comprehensive legislative effort aimed at increasing housing affordability and accessibility. In a recent move, Governor Gavin Newsom signed 56 new bills into law, targeting a wide range of issues from the expansion of tenant protections to streamlining housing and development processes. These measures reflect the state’s recognition of the urgent need to tackle the deep-rooted challenges that contribute to the housing shortage and sky-high property prices.
February 24, 2024 – By East Bay Times
California homeownership at highest level since 2010
55.9% of California households lived in a home they own last year.
February 22, 2024 – By KTLA
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
LOS ANGELES (AP) — Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don’t jump back to the highs they hit late last year. Sales …
February 22, 2024 – By KCAL
Why is everyone buying a home in the Inland Empire?
If you’re daydreaming about buying a spacious and affordable home in California, it might be easier to make it a reality in the Inland Empire. Nicole Comstoc…
February 22, 2024 – By Realtor.com
Existing Home Sales up 3.1% in January to 4.0 million
Existing home sales rose in January. Sales climbed 3.1% from December to a pace of 4.0 million, their highest since August 2023.
February 22, 2024 – By BNN
Ontario International Airport Soars Amidst Logistics Sector Turbulence in the Inland Empire
Explore the complex picture of growth and challenges within the logistics industry of the Inland Empire through the lens of Ontario International Airport’s recent successes and hurdles.
February 21, 2024 – By Patch.com
Inland Empire’s White-Hot Warehousing Sector Cools
A surge in expansion due to the pandemic has begun to correct itself, according to an industry watcher.
February 21, 2024 – By LA Times
The Inland Empire’s once-unstoppable warehousing industry falls into a slump
Logistics has been an economic lifeline for the Inland Empire for decades. Now that the industry is hitting a downturn, the region is feeling the pain.
February 20, 2024 – By SF Standard
Calif. lawmaker wants to ban firms from owning over 1,000 homes
A California lawmaker says corporate landlords are part of the state’s housing crisis and wants to limit them to owning no more than 1,000 single-family homes.
February 20, 2024 – By California Listings
California Existing-Home Sales Rebound To Six-Month High
The new year was off to a roaring start when it came to home sales in California. According to the
February 19, 2024 – By HousingWire
How do you solve the California housing crisis? - HousingWire
One out of every eight Americans lives in California, but the homeownership rate is dismal at only 44% in 2021.
February 18, 2024 – By GoBankingRates
This Is the Salary You Need To Afford an Average Home in 10 California Cities
If you want to buy a home in the Golden State, there’s a good chance you need an above-average income.
February 16, 2024 – By ConnectCRE
CA Home Sales Reach Highest Level in Six Months - Connect CRE
California existing home sales rebounded in January to the highest level in six months as mortgage rates pulled back sharply at the end of 2023, the California Association of Realtors (C.A.R.) said Friday. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 256,160 in January, a 14.4% increase from December. Although the…
February 8, 2024 – By Pasadena Now
Housing Market Gets Active, But Inventory Remains Limited
The Federal Reserve left interest rates alone, as somewhat expected, last week, and signaled that they will be watching for signs of lowering inflation begin lowering when better-than-expected employment figures for January suddenly drove 10-year Treasury prices down, while bond and mortgage rates rose this week, according to a recent California Association of Realtors (CAR) report. A resilient macro economy may mean the anticipated rate cuts will be slower to manifest than many had hoped, said the CAR report. Macroeconomics studies the behavior and performance of an economy as a whole, focusing on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. Thus, weekly pending home sales numbers show that consumers were enjoying the recent reprieve on rates, and closed sales could begin to rise as the spring homebuying season begins over the next few months, the report added. As expected, the Federal Open Market Committee (FOMC) signaled that they could be done raising interest rates, but that future cuts would be dependent on improvements in inflation. As the FOMC meets only eight times a year, some analysts say that the next rate cuts could happen in May, with deeper reductions in the Fed Funds Rate not coming until the second half of 2024. The assessment was quickly followed by a surprisingly strong jobs report that sent the 10-year back above 4%, and the daily reading on mortgage rates back above 7% for the first time this year. According to the CAR report, the average 30-year fixed rate mortgage hit 6.61% at the end of 2023 and the beginning of 2024 and recent signs show that homebuyers responded in kind. According to CAR, mortgage purchase applications have been rising for four weeks in a row with the overall index reaching its highest level
February 7, 2024 – By Yahoo Finance
Housing demand stalls out as mortgage rates march higher
A key measure of home-purchase applications rose 3.7% last week due to a burst of refinancing among homeowners, according to new data released Wednesday.
January 29, 224 – By CNN Business
Boomers are not moving out of their big homes, here’s why | CNN Business
After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito, California.
January 27, 2024 – By Times Standard
Inland Empire is California’s top job creator
IE averaged 1.68 million workers last year – up 128,400 vs. 2019. That gain was easily No. 1 among the state’s job markets.
January 26, 2024 – By Patch.com
‘Airbnb Effect’ Changing SoCal’s Real Estate Market
‘For Sale’ signs are sprouting in some of Southern California’s dreamiest neighborhoods, many not available since the pandemic. Here’s why.
January 26, 2024 – By California Local
The California Exodus, Housing and the Political Future: How the Crisis Weakens California Nationally
Unless California solves its housing crisis, the state will lose more congressional seats and could shift the political alignment of the whole country
January 25, 2024 – By National Mortgage News
Mortgage rate patterns good sign for spring season
Even with the 9 basis point rise this week, they have remained at the same level since mid-December, and that should bring people into the market, Freddie Mac said.
January 11, 2024 – By Silicon Valley Business Journal
Panel: The worst is over for California homes sales as growth projected for 2024 - Silicon Valley Business Journal
California’s housing sales are expected to grow in 2024 but housing supply issues will continue to plague the state
January 8, 2024 – By NBC San Diego
Mortgage rate decline pulls buyers back into the housing market
The spring housing market may be getting underway a little early this year.
January 4, 2024 – By Business Insider
The state that left millennials behind
If housing prices in California had kept pace with the rest of the country, a whole lot more millennials might own houses.
January 3, 2024 – By JD Supra
24 Legislative Update: 56 New Laws Targeting Housing Development Become Effective in California | JD Supra
The California Legislature’s laser focus on addressing the state housing crisis did not subside during the 2023 legislative session. While legislators…
January 2, 2024 – By Freightwaves
‘Not-in-my-backyard’ mindset threatens warehouse growth
Proponents and opponents increasingly are slugging it out over the viability of warehouse developments.
January 2, 2024 – KSBY
January 1, 2024 – By USA Today
Housing market predictions: Six experts weigh in on the real estate outlook in 2024
Real estate activity will vary significantly from market to market with some top-growth areas expected to see double-digit increases, says Hale.
January 1, 2024 – Patch.com
Will 2023 Be A Good Time To Buy A House In California?
Interest rates are falling which could spell higher demand for sellers, and more affordability for buyers.
January 1, 2024 – Business News
California Housing Market: What’s Happening in 2024? - Business News
California is closing the books on another year of rising housing costs, but some experts see a little relief for buyers in 2024.
December 31, 2023 – By VINNews
Is Airbnb to Blame for Housing Affordability? - VINnews
The rise of Airbnb — hitting $1.8 to $2.5 billion in profit in the first half of 2023 — and similar short-term rental (STR) platforms sparked a significant debate over their impact on housing affordability. Urban centers worldwide face escalating rental prices and a shrinking pool of affordable housing. Consequently, these platforms face increasing scrutiny […]
December 30, 2023 – By HousingWire
Housing inventory defied all predictions in 2023
Going into 2023, people thought housing inventory would skyrocket, and home prices would crash. None of that happened.
December 29, 2023 – By Money.com
3 Signs the Housing Market Is Bouncing Back
The housing market may have ground to a halt this year, but we’re poised for an upswing in 2024. Here are three reasons why.
December 29, 2023 – By Globest
Here is Where Industrial is Growing the Fastest | GlobeSt
Some markets are flourishing even as development nationwide slows.
December 27, 2023 – By Yahoo Finance
This ‘magic number’ for mortgage rates will thaw the housing market and allow prices to drop, DoubleLine says
Experts have said lower mortgage rates would keep prices high as demand rises, but DoubleLine’s Ken Shinoda argues the dynamic isn’t so simple.
December 25, 2023 – By SM Daily journal
Housing heads to California ballot
If there was ever any doubt, 2023 made two things very clear. First, California lawmakers are now fully committed to the idea that the state needs to build many more
December 22, 2023 – By The Real Deal
Southern California home prices shoot up 7% in November
Four counties record record-high house prices even as high mortgage interest rates keep sellers on the sidelines.
December 22, 2023 – By KPBS
New California law would allow separate sales of ADUs — if cities and counties opt in
Assembly Bill 1033 could bring thousands of lower-priced housing units to the local housing market in the coming years.
December 20, 2023 – By Spectrum News
California home sales down to Great Recession level
California home sales down but prices remain resilient
December 20, 2023 – By Almanac News
California home sales drop to the lowest level in 16 years, California Association of Realtors reports
The number of homes sold in California in November dropped to the lowest level since the Great Recession in the early 2000s, according to a new report from the California Association of Realtors.
December 18, 2023 – By Yahoo Finance
Homebuilder sentiment rises more than expected as mortgage rates fall
Confidence among builders in the U.S. housing market rose in December for the first time in four months as high mortgage rates finally started to fall.
December 18, 2023 – By Patch.com
Home Prices Drop In SoCal For The First Time In Months
Home prices are expected to keep dropping for much of Southern California over the coming year, the Los Angeles Times reported.
December 18, 2023 – By Times Herald
Build affordable housing, advocates urge California Forever
Despite extensive presentations about the company’s proposed development, there’s still at least one major uncertainty. Who would actually be able to live there?
December 18, 2023 – By Newsweek
Americans rush to buy houses as prices hit new milestone
U.S. housing market surges amid falling interest rates. Redfin reports price rise, pending sales and buyer-seller adaptability.
December 16, 2023 – By Fortune
The Californication of the country’s housing market
How decades of policy failure led to California’s housing crisis—that now threatens the rest of the nation.
December 15, 2023 – By Fortune
The frozen U.S. housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands
Declining mortgage rates are ‘breathing new life’ into housing market, Redfin says
December 14, 2023 – By The Press
California Home Prices Increased 112% Over the Last Decade, 15th Largest Increase in U.S.
Over the past decade—which has included recoveries from both the Great Recession and the COVID-19 recession—U.S. home values grew by more than 100%. In comparison, average hourly earnings saw a
December 14, 2023 – By Redfin
Housing Market Update: Mortgage Rates and Housing Payments Drop to Lowest Level Since Spring
This week has brought a few pieces of good news to the housing market: Mortgage rates are dropping, new listings are rising and mortgage-purchase applications are up nearly 20% from their November low point.
December 14, 20-23 – By National Mortgage News
Mortgage rates likely to keep declining in the near-term
The Fed’s announcement is responsible for a 19 basis point drop in the 10-year yield over a two-day period, pushing the 30-year fixed under 7% for the first time since August, Freddie Mac said.
December 14, 2023 – By National Mortgage Professional
Housing Market Positivity Anticipated Amid Challenges In 2024
The outlook for the housing market in 2024 is cautiously optimistic. Lower borrowing costs are expected to boost buyer interest next year, though the market still faces uncertainty. After a significant downturn, sales of existing homes are anticipated to rebound in 2024, but only after a challenging 2023. This year, sales are projected to fall 18% below 2022 levels, marking the worst performance in over a decade, according to the National Association of Realtors.
December 8, 2023 – By Newsweek
These 3 states could see housing market crash next year
Report shows Illinois, New Jersey and California at highest housing crash risk, citing foreclosures and market shifts.
December 7, 2023 – By Realtor.com
Another Housing Crash? These Are the Markets Most at Risk of a Downturn
Most real estate experts don’t believe another housing crash will strike, but there are markets that are more prone to another downturn.
December 6, 2023 – By Fox
These California cities will see home sales skyrocket in 2024: study
Several Southern California real estate markets are expected to rebound from significant sales declines in 2023, according to the 2024 National Housing Forecast.
December 6, 2023 – By Business Insider
The hottest housing markets of 2024
Home prices are expected to grow and more properties are predicted to change hands in cheaper Midwestern cities and certain California spots rebounding from slumps.
December 6, 2023 – By International the News
Top 10 US cities for affordable houses now include Los Angeles
Experts expect that as US house sales increase, so will prices of houses
December 5, 2023 – By KTLA
Home sales are expected to soar in these California cities next year
With mortgage rates finally easing, many California cities are expected to see home sales rebound significantly next year, according to a new forecast from Realtor.com. Five metro areas are predict…
November 29, 2023 – By CalMatters
The private sector is failing to address California’s housing crisis. Social housing shows promise
There are many explanations for why California lacks affordable housing. What they add up to: the private market cannot solve the crisis.
November 28, ,2023 – By Bloomberg
US Home Prices Hit Record With Eight Straight Months of Gains - BNN Bloomberg
Home prices in the US extended their climb, reaching a fresh record high.
November 28, 2023 – By OC Register
Southern California real estate jobs grow at double the seasonal pace
Local property work hit a post-Great Recession high of 805,200 in October 2023.
November 28, 2023 – By CalMatters
Could ADUs help solve California’s housing crisis?
Accessory dwelling units could help solve California’s housing crisis, but as San Diego pushes the legal limits, not without controversy.
November 27, 2023 – By NBC Bay Area
Fewer Californians able to afford a home, study shows
Bay Area home prices continue to soar, and according to a new study, the average age most Californians can afford to buy a home is soaring as well.
November 19, 2023 – By KTLA5
Home prices starting to fall in parts of Southern California
Prospective buyers in some parts of Southern California are seeing a little relief when it comes to housing prices, new data suggests. According to the California Association of Realtors, the media…
November 17, 2023 – By CAR
California home sales remain muted in October as elevated interest rates keep homebuyers and sellers on the sideline, C.A.R. reports
/PRNewswire/ -- California home sales were essentially flat in October, as the cost of borrowing remained elevated and housing inventory continued to be tight,…
November 17, 2023 – By The M Report
Competition for Shrinking Inventory Fuels Faster-Selling Homes
As U.S. housing markets across the nation are cooling down and continue to recover from record-low i…
November 17, 2023 – By The San Bernardino Sun
Southern California jobs hit record high in October
8.13 million people were working in Los Angeles, Orange, Riverside and San Bernardino counties in October – up 98,400 in a month.
November 17, 2023 – By Business Insider
Spiking mortgage rates are pricing poorer Americans out of the housing market – with a third of all homes bought in cash, Redfin says
Mortgage rates have soared north of 7% in recent months, driven higher by the Federal Reserve’s war on inflation.
November 12, 2023 – Off Plan Property Exchange
New Trends in Homebuyers’ Down Payments: California Leads the Way
New Trends in Homebuyers’ Down Payments: California Leads the Way - Off Plan Property Exchange
November 10, 2023 – By KTLA
Only 15% of Californians can afford a home, new data shows
Only 15% of California households could afford to buy a home during the third quarter of 2023, according to new figures released by the California Association of Realtors. The new figures represent…
November 9, 2023 – By The Real Deal
Is the Buyer’s Market Dead and Gone for California Homes?
A dozen years have elapsed since enough homes were listed for sale to put shoppers in control of the market.
November 9, 2023 – By ABC23
Americans experiencing the least affordable housing market since 1984
A new report shows American are grappling with the least affordable housing market in almost 40 years.
November 9, 2023 – By Yahoo Finance
US housing inventory remains painfully low as shortage persists
The total number of homes for sale on the market tumbled in October for the fourth straight month, a sign the housing shortage is continuing to deepen.
November 9, 2023 – Off Plan Property Exchange
The Changing Landscape of California’s Housing Market: Buyer’s Market Conditions Becoming Scarce
The Changing Landscape of California’s Housing Market: Buyer’s Market Conditions Becoming Scarce - Off Plan Property Exchange
November 9, 2023 – By NAR
Home Prices Are Still Rising in More Than 80% of U.S. Markets
While that’s unwelcome news for buyers, “homeowners have accumulated sizable wealth,” says NAR Chief Economist Lawrence Yun.
November 9, 2023 – By OC Register
This is least affordable housing market since 1984, and it’s getting worse
The last time the US housing market was this unaffordable, Ronald Reagan was in the White House.
November 5, 2023 – By The Real Deal
Developers use legal loophole to downsize housing projects
San Jose developers are employing the “builder’s remedy” to scale down proposed housing projects due to challenging economic conditions
November 3, 2023 – By Pasadena Now
Builders’ Low Confidence, Rising Mortgage Rates Take Toll on Home Sales
Builder confidence in the market and a rising mortgage rate are taking their toll on home sales, according to a recent National Association of Home Builders (NAHB) survey, but builders are offering an increasing number of price cuts and other sales incentives to counter a declining demand. Accordin…
November 3, 2023 – By Bloomberg
Silicon Valley City Wants to Ease Housing Crisis With $150,000 Cargo Containers
San Jose is betting on ‘quick-build’ dwellings as a salve for homelessness. Critics say a longer-term plan is needed.
November 2, 2023 – By The Real Deal
For the Cheapest Homes in SoCal, Look to the Inland Empire
Regin’s 25 lowest-priced markets have average asking prices that range from $394,000 to $595,000.
November 2, 2023 – By Forbes
How Millennial Homeownership Is Reshaping the Market
2022 marked the first time that more than 50% of Millennials were homeowners, according to the most recent U.S. Census Bureau Current Population Survey data. In 2020 and 2021, many Millennials took advantage of low interest rates and increased opportunities for remote work and entered the housing ma