Ontario Ranch top master-planned community in California, followed by Valencia
Home sales in master-planned communities continued to decline in 2022, as higher mortgage rates and supply shortages hurt many of the largest developments 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
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.
California has the most at-risk markets in the U.S.
Inland communities, from Chico to Riverside-San Bernardino counties, are the most at-risk housing markets 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,…
