6 of the 10 housing markets cooling off the most are in California
California’s once red-hot housing market has cooled down this summer, largely because of higher mortgage rates and lower share prices on Wall Street.
March madness: Home prices surge to a record, sales slow with higher rates
One of every three homes sold in California topped $1 million in the first month of spring Homebuyers played beat-the-higher mortgage rates and created some March madness, lifting home prices to a record of almost $850,000 – and sending a clear message that the hot housing market is far from cooling down. An adjusted annualized…
New year, different market in January with rates rising
More homes are available and they are taking a bit longer to enter escrow, but there are still plenty of home shoppers — and competition.
Pay raises and smaller price increases make California slightly more affordable in Q4
Affordability depends on where you live — and how much money you earn. San Jose is more affordable than Los Angeles and Orange County.
Hold or sold, homeowners in California enjoy record equity, profits
Fast-rising home values are helping owners cash in, whether they are selling their home or just want to tap some equity.
