August home sales plummet, prices soar
Affordability is a big concern for home shoppers, as they deal with near-record prices and the highest mortgage rates in more than two decades.
Zillow’s small down payment mortgage will come with a big monthly bill
Zillow Home Loans is not the first 1% down payment mortgage, it just arrives at a challenging time with high mortgage rates and low inventory of homes for sale.
Home sales fizzle in July as higher rates spark worry
Higher mortgage rates slammed the door on sales, as many buyers are finding few available homes as homeowners are reluctant to trade in their low…
Housing affordability drops to lowest level in about 17 years
Higher mortgage rates and a severe shortage of homes on the market that have raised prices are greatly reducing the number of Californians able to…
A chilly housing market in June with a limited supply of available homes
As wanna-be buyers compete for the few homes on the market, home sellers are enjoying a bump in prices — but only if they are…
Most new homebuyers in California have a $4,000-plus mortgage payment
The state has eight of the 10 priciest housing markets — and a majority of new buyers spend more than 50% of their income on…
Flipped home sales decline and profits tumble in California
Higher prices and a limited supply of available homes are squeezing those who buy, fix up and sell homes within a year.
A late-spring swing: California home prices and sales improve in May
Lower mortgage rates are attracting buyers, but many cannot find a home with the limited supply.
State Farm and Allstate stop writing new homeowners insurance policies in California because of wildfires
Climate change has created a challenge for insurance companies, as more wildfires has led more insurance companies to leave California.
Home sales slide as buyers compete for fewer listings, giving prices a lift in April
Homeowners are hesitant to move, idling the housing market and limiting options for home shoppers.
Home seller profits tumble, a ‘striking reversal’ from the past decade
Higher mortgage rates are affecting buyers — and sellers, who are enduring some of the largest drop in profits of the past decade. But many…
Most flipped homes since the Great Recession, but profits tumble in much of California
Almost 34,000 homes were flipped in California in 2022, but higher mortgage rates and falling prices are greatly affecting profits for home flippers. Find out…
Foreclosure filings soar in the first quarter, as the economy slows and layoffs surge
After a decade of few foreclosures, more homeowners are getting behind on mortgage payments. Blame higher mortgage rates and an increase in layoffs.
California’s spring home-buying season starts out cold in March
Higher mortgage rates and a limited supply of available homes are hurting sales but prices rebounded slightly.
