Plus, the Best Places to Live winners in California, home-flipping profits slide, Stockton gets ‘overvalued’ label, and the state issues $1.75 billion more for affordable housing.
A bit of optimism for home shoppers looking to buy, with more homes listed in recent months and near-record-low mortgage rates holding steady.
2.88% vs. 2.90% a year ago
$827,940 in August, up 17.1% from a year ago
Days on market
9 days in July vs. 13 a year ago
Latest CHN blog: Profits drop for home-flippers
More competition for homes and increasing costs — from hiring contractors to building materials — are hammerig profits for home-flippers. Find out the best (and worst) gains by region.
Plus, an LA mega-mansion seeking $500 million enters receivership with a mountain of debt, some rents rebound from the pandemic, and San Diego home prices surge.
Prices dropped for the fourth straight month and listings are at the highest level since October.
A bit of hope for home-shoppers who have been dealing with fast-rising prices — and fast-moving homes — during the Covid pandemic.