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.
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.
Plus, The One is done (in a couple of ways), home flipping profits tumble, and pocket (also known as secret) listings increase.
Plus, Fannie and Freddie increase loan limits, multimillion-dollar markets, record home equity gains in the third quarter, and the risk of a housing bubble.
Plus, more homeowners with a mortgage are considered ‘equity rich’ and affordability improves slightly thanks to lower prices.
Plus, the Great Escape slows, prices for new homes out of reach for many in Sacramento, and four cities that make the Livability.com grade.