Category: CHN Blog
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Fewer equity-rich owners and more underwater mortgages. Sound familiar?
Equity is shrinking, buyers hold the leverage, deals are falling apart, and rents are splitting the state in two — a snapshot of a California housing market under strain.
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California housing divide: Buyers need $228k, owners sit on $627k in equity, and wildfire-weary residents are leaving some rural counties
Buying a home is a big challenge for many households in California, while homeowners enjoy huge gains in equity in recent years. Three rural counties are losing several hundred residents each because of wildfires.
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California’s housing crisis in three acts: Foreclosures rise, defiant cities and priced-out buyers
Foreclosures increased in the first half of the year compared to the same six-month period a year ago, the state sues five cities, and few cities are good for first-time buyers.
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$1 million starter homes, a flipping rebound and California’s quiet Boomtowns
For first-time homebuyers in California, becoming a homeowner can be a $1 million investment. Also, home-flipping rebounds and four cities are boomtowns.
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Locked out: Fewer loans, vanishing listings and a decade-plus savings grind for down payments are crushing buyers
Financially strapped home shoppers are holding off on buying and must save for much longer, while more owners are pulling their homes off the market.
