Tag: California luxury home prices
-
AI might take your job. It’s already taking your dream home in San Francisco
Artificial intelligence is having a real-life impact on luxury home sales in San Francisco, leaving the wealthy to compete for million-dollar mansions. Also, fewer Californians are equity rich and KB Home is leaving LA — and California.
-
Affordability plummets in the second quarter in California
Home shoppers need a household income of $237,000 to becomes homeowners. Also, rich buyers ignore higher mortgage rates and keep purchasing high-end homes — often with cash. And a majority of owners with a mortgage are considered equity rich.
-
Luxury home prices slide, making multimillion-dollar homes look cheap
The rich really are just like the rest of us. They like bargains, too, especially when it comes to real estate. Also, foreclosures jump in the first half of the year and two-thirds of renters in California are rather worried about their personal finances.
