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Big price gains outpaced by larger home price increases

A big payday, thanks to your home

Plus, the flip side of the equity gain for homeowners means home-shoppers are losing ground (see how much income needed by market). Mortgage lenders expect much higher FHA conforming loan limits and closing costs increase (sort of).

Mortgage rates

3.05% vs. 2.81% a year ago. Rates are at the highest level since April 2021.


Median price

$808,890 in September, up 13.5% from a year ago


Days on market

10 days in September vs. 11 a year ago

Profits drop for flippers as prices soar

Worried about wildfires? Check the risk

Plus, Fannie Mae will consider rent payments as part of the application process for first-time buyers, affordability plummets to 14-year low, and half of homeowners in Golden State are equity rich.

Home-seller profits slip in second quarter

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.


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Contact Ron Trujillo at ron@calhomenews.com.

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