More homeowners are putting down deep roots and staying put
Big prices likely encourage more Californians to stay in their homes longer, a federal bill could cut capital tax gains related to home sales and mortgage applications plummet.
Ontario Ranch top master-planned community in California, followed by Valencia
Home sales in master-planned communities continued to decline in 2022, as higher mortgage rates and supply shortages hurt many of the largest developments in California.
More high-end homes available as sales plummet in California
Guess what? The rich are just like us, at least when it comes to higher mortgage rates and watching Wall Street — and how those affect homebuying decisions. Also, Uncle Sam raises the conforming loan limit to more than $1 million in some California regions and seven cities in the state get props for housing efforts.
More buyers are asking for — and getting — concessions from sellers
Like the house but not the bad carpet or the decades-old heating and cooling system? Homeowners are more willing to make a deal to sell their home. Also, Wells Fargo Bank pulls back on the mortgage business. And six of the 10 happiest cities in the country are in California.
California has the most at-risk markets in the U.S.
Inland communities, from Chico to Riverside-San Bernardino counties, are the most at-risk housing markets in California.
Foreign buyers are spending more, buying less in California
More foreigners are discovering America, again. Well, the nation’s real estate to be more specific. Foreign investors bought a combined $59 billion of homes in…
Affordability tumbles to a 15-year low and the majority of homes for sale are ‘stale’
Higher mortgage rates are affecting the number of households that can buy a home, with the Bay Area now more affordable than other regions in the state.
California dreaming: 20% of ‘emerging’ housing markets in U.S. are in the state
Affordability and appreciation are possible in California. At least in some of the cities listed by the Wall Street Journal/Realtor.com Emerging Markets report.
Home sales slow in master-planned communities in California
Plus, The One is done (in a couple of ways), home flipping profits tumble, and pocket (also known as secret) listings increase.
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.
Irvine Ranch top master-planned community in the state, again
California had five of the top 20-selling master-planned communities in the U.S. Also, the state adds some cities to the million-dollar list, but a few fall off. What makes more sense, buying or renting?