Category: Housing Smart
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1 in 10: The bleak odds facing Black and Latino homebuyers in California
Buying a home in California is tough for a large majority of households, but It’s much harder for Blacks and Latinos.
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The Golden State’s golden handcuffs
California homeowners endured a decline in home equity during the fourth quarter, but a majority still have plenty to tap. Also, there are more sellers than buyers, “mortgage deserts” exist in Northern California and the priciest ZIP codes in the state.
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Master-planned communities: Once a pioneer now barely a player as sales plummet in California
Only three master-planned communities in California landed on a closely watched list of the top sellers nationwide. Also, the rebuild from the Los Angeles wildfires is painfully slow, foreclosures increased last year, and sellers are outnumbering buyers.
