More high-end homes available as sales plummet in California
|

More high-end homes available as sales plummet in California

Guess what? The rich are just like us, at least when it comes to higher mortgage rates and watching Wall Street — and how those affect homebuying decisions. Also, Uncle Sam raises the conforming loan limit to more than $1 million in some California regions and seven cities in the state get props for housing efforts.

More buyers are asking for — and getting — concessions from sellers
|

More buyers are asking for — and getting — concessions from sellers

Like the house but not the bad carpet or the decades-old heating and cooling system? Homeowners are more willing to make a deal to sell their home. Also, Wells Fargo Bank pulls back on the mortgage business. And six of the 10 happiest cities in the country are in California.

Foreign buyers are spending more, buying less in California
|

Foreign buyers are spending more, buying less in California

More foreigners are discovering America, again. Well, the nation’s real estate to be more specific. Foreign investors bought a combined $59 billion of homes in the United States from April 2021 through March 2022, an 8.5% increase from the previous year and ending a three-year skid of slumping sales. Record-high prices – from Portland, Maine,…