Plus, real estate investors are buying more homes and competing with everyday folks for properties, foreign homebuyers have declined with the pandemic, and the governor appoints a new CalHFA executive director.
Competition for homes increases and prompts more bidding wars. Also, fewer foreign home buyers, AG Becerra warns mortgage servicers, more homeowners are equity rich, Fannie and Freddie fee boosts the cost of refis, and affordability dips with higher prices.
A slowing economy has reduced the number of foreign buyers in California. Also, RNs earn a lot, but still face a tough time purchasing a home. And the best cities for families in the state.