Los Angeles is the city most at risk from wildfires in California — and nationwide. Also, Bay Area rents plummet while inland markets soar, two of the three most expensive ZIP codes are in California, buyers want backyards not condos and a new law bans buying a block of homes at auction.
More Bay Area residents are looking at moving to the Sacramento region. Also, California has more than 75,000 delinquent FHA mortgages, nowhere is affordable in the state, only one city in the state makes Best Places to Live list, and ground-floor grocery stores often raise the rent of apartment buildings.
Which president has been the best for the housing market in California? Also, home refis are soaring, LA and SF go head-to-head on total home value, two of the nation’s best mid-sized markets are in California and the home flipping craze has slowed.
Competition for homes increases and prompts more bidding wars. Also, fewer foreign home buyers, AG Becerra warns mortgage servicers, more homeowners are equity rich, Fannie and Freddie fee boosts the cost of refis, and affordability dips with higher prices.
Californians who sold their homes in the second quarter netted large profits. Also, the end of federal COVID jobless benefits will have a huge impact on renters in the state, CalHFA helps record number of first-time buyers, and record-low rates are luring younger buyers — and saving all buyers and owners a ton of money.