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Category: CHN Blog
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More homeowners miss payments in California, foreclosure notices increase
Higher rates, fewer payments from homeowners. Also, California needs at least 900,000 more homes and Santa Barbara is the lone bright spot in a dismal quarterly housing report.
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Big and quick paydays from flipping homes fade away in California
Fewer buyers and higher mortgage rates are hurdles for home flippers looking to make money. Also, new-home construction is helping pick up the slack with the severe shortage of available homes, home equity tumbles, and a Southern California mall could add some high-end housing.
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Housing 101: Most teachers can’t buy a house close to their school
Despite some of the largest salaries in the nation, few teachers in California can afford to buy a home close to where they work.
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California has fewer million-dollar homes in a mortgage rate-sensitive market
Higher mortgage rates are hurting high-end homes. Also, equity gains return as prices rebound and rent control is back on the ballot in November 2024.
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Luxury home prices slide, making multimillion-dollar homes look cheap
The rich really are just like the rest of us. They like bargains, too, especially when it comes to real estate. Also, foreclosures jump in the first half of the year and two-thirds of renters in California are rather worried about their personal finances.