More high-end homes available as sales plummet in California
CHN Blog | Featured

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.

Fall brings a big chill to the housing market in September, with sales falling 30%
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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 the season brought a lot more concern from home shoppers about fast-rising mortgage rates and economic uncertainty. As mortgage rates climbed to the highest level in 20 years, home sales…

Foreign buyers are spending more, buying less in California
CHN Blog | Featured

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 the United States from April 2021 through March 2022, an 8.5% increase from the previous year and ending a three-year skid of slumping sales. Record-high prices – from Portland, Maine,…

Home sales plunge 31% in July with higher mortgage rates
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Home sales plunge 31% in July with higher mortgage rates

California home sales slowed for the fourth consecutive month in July, as higher interest rates and near-record-high prices are affecting affordability and causing more home shoppers to hold off. Sales tumbled to an adjusted annualized rate of 295,460 homes in July, a 14.4% decline compared to June and off a staggering 31.1% from a year…