Plus, real estate investors are buying more homes and competing with everyday folks for properties, foreign homebuyers have declined with the pandemic, and the governor appoints a new CalHFA executive director.
‘We’re seeing many would-be buyers taking a break’ Estimated reading time: 3 minutes California’s red-hot housing market could be cooling off, or at least getting lukewarm. May home sales dipped 2.7% compared to April — but were up 87% from a year ago, though the figure is greatly skewed by the Covid-prompted lockdown that halted…
Sacramento is one of the hottest-housing markets in the nation. Plus, higher home prices help homeowner equity, and apartment and home rents increase, and should you buy or rent in California?
Plus, bidding wars are definitely the norm, home-improvement projects that (mostly) pay off, affordability drops as prices soar, and CalHFA will boost income limits in some counties.