Housing bubble or new normal? 1 of 6 CA cities is a million-dollar market
Plus, California is a costly place to live, except when it comes to property taxes, at least compared to many other states. The nation’s leading mortgage lenders. And homes are selling at a record sprint.
Home-flipping profits, sales get hammered
Plus, Danville may be the safest city in the state, but Orange County has six of the top 10. Here is why a housing bubble is unlikely, for now. And Fannie and Freddie will be less friendly for buyers of second and vacation homes.
Last hurrah for mortgages? Maybe.
Plus, a $15,000 down payment assistance program would help some renters become homeowners, homeownership rates slip in some cities and improve in others, home equity tops $54,000, and the happiest cities in the state.
Huge profits for California homeowners that sold in 2020
Plus, most Californians moving are relocating within the state, single-women buyers are increasing in some cities, and the state has six of the hottest housing markets in the U.S.
First-time buyers snatch up more homes in California
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.
Did your city join the $1 million-plus club in California?
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.