Plus, bidding wars and increasing competition for homes is the new norm in many markets in California. And the Biden administration extends a ban on foreclosures for federally backed mortgages until June 30.
Plus, California’s largest housing association takes aim at Coronado for blocking granny flats, high-end home prices are skyrocketing, and the number of equity-rich homeowners soars.
Near-record-low mortgage rates are making buying a better choice in some areas of the state. Also, luxury home sales soar, bow to the best-selling master-planned community in the state, and apartment rents slide, again.
Also, home-flipping activity slows, rents continue to slide in major cities, wildfires spark insurance rate increases, Paradise home values plummet and equity soars.
Also, millions of California homeowners could save hundreds of dollars every month by refinancing their loan, mortgage applications soar, buying the California dream is more like a nightmare for first-time buyers, and big-city blues for landlords but bargains for renters.
Folks are abandoning the state for a number of reasons, but the moving vans leaving slowed in 2019.