Affordability tumbles to a 15-year low and the majority of homes for sale are ‘stale’
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.
California dreaming: 20% of ‘emerging’ housing markets in U.S. are 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.
Home sales slow in master-planned communities in California
Plus, The One is done (in a couple of ways), home flipping profits tumble, and pocket (also known as secret) listings increase.
Big down payments follow huge home price gains
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.
More investors entering the market, competing with consumers for homes
Plus, more homeowners with a mortgage are considered ‘equity rich’ and affordability improves slightly thanks to lower prices.
California home-seller profits soar in the third quarter
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.
