Bank of America to help families buy their first homes in some Black and Latino areas
Bad credit, no down payment? No problem. Bank of America announces plan to help first-time buyers in some Black and Latino neighborhoods in Los Angeles.
Home sales plunge 31% in July with higher mortgage rates
California home sales slowed for the fourth consecutive month in July, as higher interest rates and near-record-high prices are affecting affordability and causing more home shoppers to hold off. Sales tumbled to an adjusted annualized rate of 295,460 homes in July, a 14.4% decline compared to June and off a staggering 31.1% from a year…
More homeowners are equity rich in the Golden State
From the Bay Area to San Diego, many homeowners are equity rich than mortgage poor, thanks to record-high prices.
Record second-quarter prices lead to big profits for sellers
Higher mortgage rates will cause price gains to slow — and possibly dip — as sales slow.
7 California cities are among the most at-risk housing markets
Higher mortgage rates are cooling off the red-hot housing market, and several California cities are among the most at risk for fewer sales and sliding prices. Three of the 10 cities most likely to experience a decline in home prices are in California – and seven of the top 20, according to Redfin. The Inland…
