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CHN Blog: January is the new April for home shopping

More consumers are starting their home search in January — and what that means for you.

Also in the latest blog
  • Details on rent control
  • Fannie, Freddie less friendly
  • Equity growth slows
  • Flipping makes less sense (and profit)

Fewer homes, higher prices in November

Active listings declined for the fifth straight month in November, giving home-sellers another month of many thanks (and dollars).

Home affordability improves in third quarter, sort of

Bigger paychecks and smaller mortgage rates help, but only 31% of household could afford to purchase during the third quarter.

What regions are most at risk for wildfires?

Nine of the nation’s 15 metro regions with the highest risk of wildfires are in California, threatening the state’s residents and economy.

Big cities, small spaces for renters in some cities

Rents are bigger while living spaces are shrinking. Pint-sized units are all that many consumers can afford in several cities in California.

Housing by the numbers

Mortgage rates

The new year brought little change to mortgage rates for the week ending Jan. 2.
30-year: 3.72% vs. 3.74% a week ago
15-year: 3.16% vs. 3.19% a week ago
Source: Freddie Mac

A decade of price gains

California’s median home price reached $605,280 in October, a 42% increase from the $427,180 in 2009.

Homeownership rate in state

California’s homeownership rate was 54.8% in third-quarter 2019, 10 percentage points below the national average.

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