Home sales drop, prices reach new record in June
California home sales dropped in June, despite the lowest mortgage rates in three years, helping boost the buying power of many consumers.
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Fewer foreigners are buying homes in CA, U.S.
A slowing global economy and immigration concerns are causing more foreigners to hold off buying homes in U.S. Also, first-half rents soar in some areas and Bay Area home-sellers enjoy hefty profits.
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Earthquakes, wildfires make Los Angeles the highest-risk city for natural disasters
Earthquakes and wildfires pose very serious threats to many cities in California. Also, tax reform greatly affects Bay Area homeowners, but many will continue to tap equity for home-improvement projects.
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High home prices are bad medicine for RNs looking to buy
Registered nurses in California enjoy big paychecks, but they’re often not enough to become a homeowner. Also, home flipping profits tumble and equity gains stumble.
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Black, Hispanic homeowners suffered the most from foreclosures, housing collapse
A larger percentage of blacks and Hispanics had their homes foreclosed on during the housing meltdown, and the discrepancy could have a long-lasting effect on their personal wealth.
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Big city, small apartments to follow 30% housing guideline
Big cities in California often come with huge rents. The best option to curb housing costs is to choose smaller apartments. Also, millennials are buying … in Bakersfield.
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Mortgage rates
Long-term mortgage rates remained steady for the period ending July 11, as consumers continue to enjoy the lowest rates in about 18 months.
30-year: 3.75%, no change from a week ago
15-year: 3.18% vs. 3.22 a week ago
Source: Freddie Mac
News
Home sales drop, prices reach new record in June
California home sales dropped in June, despite the lowest mortgage rates in three years, helping boost the buying power of many consumers.
Read More
Record-setting home prices for second straight month in May
Lower mortgage rates helped the housing market in May, as home sales topped 400,000 units for the first time in 10 months.
Read More
Sales dip, prices reach new record in April
April home sales decline despite a boost in listings and lower mortgage rates, but prices climb to a record causing many would-be buyers to hold off.
Read MoreMust-reads from the web
Bloomberg BusinessWeek: Home flipping gains are slowing
The home-flipping craze has been, well, crazy in recent years, thanks to HGTV. But those head-turning gains are becoming more like head-hanging losses.
Bloomberg BusinessWeek: More Californians are leaving for Boise, Reno
Affordability and politics, in some cases, are causing more Californians to leave the Golden State for Boise, Reno and other cities in the West.
Bloomberg BusinessWeek: Zillow wants to buy (and) flip your house, for a fee
Online real estate giant Zillow is buying homes in several markets nationwide, with the goal of making minor fixes that generate nifty profits.
Knowledge
REX gets $45 million, expands AI and big data real estate listings in California
Company's 2% commission model takes on the traditional real estate industry, where Multiple Listing Service holds the key to buying -- and selling.
Resources
$1.5M in fees, taxes waived for mobile home owners
A new state program will help mobile home owners to get the proper registration and title for their property and have fees and taxes waived, saving them hundreds or even thousands of dollars.
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