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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 […]

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News

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.

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CHN Blog

More investors entering the market, competing with consumers for homes

Plus, more homeowners with a mortgage are considered ‘equity rich’ and affordability improves slightly thanks to lower prices.

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CHN Blog

Ditch kitchen, bath remodels in favor of outdoor projects

Outside home-improvement projects generate the best return. Also, time to refinance with record-low mortgage rates and Bakersfield is the top luxury market in the state, likely because LA is too pricey.