Lower mortgage rates prop up home sales in February
Home sales increased for the third straight month in February, thanks to slightly lower mortgage rates and a drop in prices.
Renters regain some power as rent growth stalls
Fewer tenants are signing new leases and more are looking to move for lower-priced housing as landlords lose ground as more apartment communities become available in California.
Home prices dip for the fifth straight month and sales tumble in January
California’s housing market continues to deal with higher mortgage rates and low inventory. But home prices and sales could rebound in the spring.
Record prices and profits in ’22, but the gains will slow this year
Home sellers from San Diego to San Francisco enjoyed record profits in 2022, even as the once red-hot housing market entered a deep freeze in the second half of the year.
Free state program helps homeowners behind on their mortgage due to COVID
The California Mortgage Relief Program has expanded funding to as much as $80,000 for owners behind on mortgage payments and property taxes. Homeowners must meet income requirements, but they are much higher than many might expect.
Home affordability dips as mortgage rates rise in the fourth quarter
About one of every six households could afford to buy the median-priced home, the second-lowest percentage on record.
Should you buy or rent?
Higher mortgage rates have made the often-asked question much easier, as monthly house payments demand a lot more money than rent in many cities in California. Find out how much by region.
A holiday gift for buyers in December: Lower rates and price cuts
The months-long standoff between buyers and sellers continued in December, but a dip in mortgage rates encouraged more buyers to test the cool waters.
California home sales plunge to a 14-year low in October
California home sales plummet to the lowest level since 2008 and prices decline for the second consecutive month.
Two reports, one result: A lot more money is needed to buy a home in California
Higher mortgage rates are affecting home prices, but fewer buyers are able to afford a home as the monthly mortgage payment has increased by at least 33% in California.
Fall brings a big chill to the housing market in September, with sales falling 30%
Higher mortgage rates slam the door on many wanna-be buyers California’s once red-hot housing market entered a deep freeze in September, as the change in…
Housing outlook for 2023: Fewest sales in 16 years, prices will suffer third-largest price drop
Higher mortgage rates are acting like a bucket of ice on the once red-hot housing market, with sales and prices falling significantly next year.
A brief dip in rates boosts August home prices and sales
A short-lived drop in mortgage rates bumped prices and sales, but both will continue to slow in the coming months.
Mortgage activity has the largest percentage decline since 2008, but down payments soar
Higher rates are causing many home shoppers to pull back on their plans, with mortgage activity plummeting during the second quarter. But those who are buying, are putting down record-setting down payments.
