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Get the latest news that affects the real estate industry in general and your business in particular, so that you can knowledgeably discuss questions at the forefront of the industry.



February 22, 2024

California home sales uptick 6 percent annually in January

World Property Journal


Existing home sales in California rebounded in January 2024 to the highest level in six months, as rates pulled back sharply at the end of 2023. January's sales rose 14.4 percent from December 2023, and 5.9 percent compared to one year prior. 

February 21, 2024

Where is homeownership highest in California?

The Sun


The Inland Empire has the highest rate of homeownership in California, at 70.7 percent, followed by Sacramento, at 64.4 percent, then San Francisco, San Diego, San Jose and Los Angeles.

February 20, 2024

Popular incentive for homebuyers here to stay -- for now

Yahoo Finance


Home builders recently indicated that mortgage rate buydowns that allow homebuyers to reduce their monthly payment are likely to be retained for the foreseeable future.

February 16, 2024

Black Americans still face 'disproportionately steep hurdles' to homeownership



While homeownership remains out of reach for many Black people in the U.S., there are two things buyers should do to increase their chances.

February 15, 2024

This California city is where most homebuyers want to move

Sunset Magazine


California’s capital was the most searched for destination for homebuyers planning to move between October 2023 and December 2023.

February 13, 2024

Homebuyers seek better air quality

National Mortgage Professional


While migration patterns might align more closely to work and family, air quality is also becoming a concern for some homebuyers, according to a Redfin report. 

February 12, 2024

Buyers can save from recently lowered mortgage rates


Slightly lower mortgage rates in the past few months offer greater affordability for homebuyers.

February 9, 2024

California housing affordability remains at 16-year low



Elevated borrowing costs and a shortage of available homes for sale in the fourth quarter of 2023 kept California housing affordability suppressed at the lowest level in 16 years.

February 8, 2024

Weekly mortgage demand is flattening as rates rise



Mortgage demand is struggling to contend with a what now appears to be another upswing in interest rates.

February 7, 2024

Mortgage rates surpass 7% for the first time since December

Housing Wire


Mortgage rates surpassed 7% on Monday on the heels of strong economic data and signals that the Fed will move carefully with any cuts.

February 6, 2024

Fed Chair Powell: The ‘time is coming’ for a rate cut



Federal Reserve Chair Jerome Powell said the time is coming for interest rate cuts but asked Americans for a bit more patience in the central bank’s fight against inflation.

February 4, 2024

Home buyers are shopping again and finding more options

Mansion Global


Falling mortgage rates boosted home-shopping activity in January, luring the first wave of opportunistic buyers back to the market.

February 2, 2024

Thousands of California homeowners can cut their property tax bill

LA Times


Under state law, homeowners qualify for a modest property tax cut on their primary residence.

February 1, 2024

How mortgage rates will be affected by the interest rate pause

CBS News


The Fed's decision to pause rate hikes for the fourth time could impact the mortgage rate landscape.

January 31, 2024

U.S. home prices cool in November after 9 straight months of gains



Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index.

January 30, 2024

Why Boomers are not moving out of their big homes



Many Boomers whose homes have surged in value now face massive capital gains tax bills when they sell, making it hard for them to move.

January 29, 2024

U.S. pending home sales jumps to a 5-month high

Orange County Register

Rebound, suggests the recent drop in mortgage rates is helping to stabilize the resale market.

January 26 2024

California offers additional $250 million in down payment assistance

ABC7 News

California will give out $250 million in down payment assistance this spring as it relaunches its widely popular program aimed at helping first-time homebuyers.

January 24, 2024

Homebuyer demand pushes mortgage applications higher, even as interest rates inch up again


Mortgage rates rose slightly last week, but that did not seem to deter homebuyers.

January 22, 2024

California single-family home sales will rise in 2024, says panel

Pasadena Now

A team of panelists hosted by the Center for California Real Estate (CCRE), an institute of the California Association Of Realtors (CAR), agreed recently predicted a rise in single-family home sales.

January 19, 2024

Beverly Hills places moratorium on home improvements over lack of affordable housing

Fox LA News

A judge has determined that the penalty for Beverly Hills failing to plan for affordable housing is a moratorium on home improvement permits for its celebrity residents.

January 17, 2024

Homebuilder sentiment surge as mortgage rates trend down


Homebuilder confidence surged in January as mortgage rates continued to trend lower, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

January 16, 2024

Americans rush to refinance as rates drop


Refinancing activity jumped by 19 percent for the week ending January 5, according to data from the Mortgage Bankers Association.

January 12, 2024

New ADU state laws take effect in California

CBS8 News

One new law could allow homeowners to sell their ADU separately from their main house.

January 11, 2024

Mortgage demand surges at start of year even as interest rates rise

Fox Business

A key measure of home purchase applications surged at the start of the new year despite a slight uptick in mortgage rates.

January 9, 2024

First-time Long Beach residents eligible for $25K toward home purchase


Long Beach’s First-Time Homebuyer Assistance Program assists low- and moderate-income families traditionally underrepresented in homeownership with purchasing their first home and building multi-generational wealth. 

January 8, 2024

How low will mortgage rates go in 2024?

Mortgage rates fell rapidly late last year. Aspiring homebuyers want to know how much lower they will go this year.

January 5, 2024

Homebuyers’ monthly payments drop to lowest level in nearly a year


The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game.

January 4, 2024

Mortgage demand drops in final week of year


Despite a sharp drop in mortgage interest rates during December, mortgage demand ended 2023 down 9.4% for the week ended Dec. 29, compared with two weeks earlier, the Mortgage Bankers Association said.

January 3, 2024

Homebuyer relocations hit 18-month low

National Mortgage Professional

Affordability, remote work constraints, and shifting destination preferences contributed to a decline in the share of homebuyers relocating, marking the lowest percentage in 18 months.

January 2, 2024

Mortgage rates end 2023 not too far from where they started

Mortgage News Daily

While 30-year fixed mortgage rates were over 8% in October, we ended the year not too far from the  rates seen on the last day of 2022.

December 28, 2023

The ‘magic number’ for mortgage rates to spur housing market

Yahoo Finance

Fixed mortgage rates at 5% would bring together willing buyers and sellers and lead to a surge in demand, experts say.

December 27, 2023

U.S. home prices rise for 9th straight month

Yahoo Finance

Home prices in the U.S. rose for a ninth straight month, reaching a fresh record as buyers battled for a stubbornly tight supply of listings.

December 26, 2023

Declining mortgage rates lure sellers off sidelines


Falling mortgage rates and a double-digit annual increase in homeowners contact real estate agents for help selling their homes boosted new listings 9% from a year ago–the biggest annual increase since July 2021.

December 22, 2023

Consumer confidence climbs to 5-month high

Market Watch

Consumer confidence jumped in December in a fresh sign of cautious optimism about the economy.

December 21, 2023

Mortgage demand slips despite another drop in interest rates


The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 6.83% from 7.07%.

December 20, 2023

Home sales in California drop to lowest level in 16 years


Home sales in California have reached their lowest level in 16 years, according to the latest report from the California Association of Realtors.  

December 19, 2023

California homelessness worsens even as housing bills pass


The California homelessness crisis became more dire in 2023, even as the Legislature passed more affordable housing laws.

December 18, 2023

Homebuilder sentiment rises more than expected as mortgage rates fall

Fox Business News

Confidence among builders in the U.S. housing market rose in December for the first time in four months as high mortgage rates finally started to fall.

December 15, 2023

Homebuyer sentiment falls to record low, before rates fell

Mortgage Professional America

Fannie Mae’s National Housing Survey found that only 14 percent of Americans said that November was a good time to buy a home.

December 14, 2023

Mortgage rates drop under 7%, the first time since August


Mortgage rates fell under 7% for the first time since mid-August this week. It is the seventh straight week rates have dropped as inflation improves and the Federal Reserve paused its rate increases.

December 13, 2023

Fed holds rates steady, indicates three cuts coming in 2024


The Federal Reserve today held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

December 12, 2023

Inflation cools further in November as housing costs remain sticky

Yahoo Finance

Inflation cooled in November on an annual basis, bolstering investor hopes that the Federal Reserve will hold interest rates steady at its policy meeting this week.

December 11, 2023

Better news for buyers in November as prices, rates ease


A Zillow market report shows monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common, bringing some early holiday cheer for home shoppers and sellers. 

December 8 2023

Home sales expected to soar in these California cities


With mortgage rates finally easing, many California cities are expected to see home sales rebound significantly next year, according to a new forecast from

December 7 2023

Mortgage rates falling at fastest pace since 2008 housing market crash

Yahoo Finance

The 30-year fixed mortgage rate has plunged by 69 basis points in a five-week period, its sharpest such drop since late 2008.

November 30, 2023

FHFA increases 2024 conforming loan limits

Fox Business News

The Federal Housing Finance Agency will increase the 2024 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $766,550 on one-unit properties and a cap of $1,149,825, in high-cost areas. 

November 29, 2023

Home prices hit fresh record in September

Wall St. Journal

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September.

November 27, 2023

Home vacancies near all-time lows as housing shortage bites


One gauge of the tightness of the U.S. housing market — the percentage of homes that are vacant — fell to the lowest level on record in August and ticked up only slightly in September.

November 22, 2023

LA County to offer rent relief program for ‘mom and pop’ landlords

ABC7 Los Angeles

Los Angeles County has launched a $46.3 million rent relief program to help qualified landlords mitigate the detrimental economic impacts caused by the COVID-19 pandemic and tenants who have fallen behind on their rent payments.

November 21, 2023

More people turning to an alternative lender: their parents

NBC Bay Area

In today’s market, “nepo-homebuyers” are tapping family money to afford their down payment.

November 20, 2023

Housing starts and permits increase in October

Yahoo Finance

New residential construction, including single-family and multifamily homes, increased 1.9% in October from the month before.

November 17, 2023

Mortgage demand climbs to highest level in 5 weeks


Mortgage demand rose 2.8% last week, marking the second straight week of gains, according to the Mortgage Bankers Association's index.

November 16, 2023

U.S. homebuilder confidence drops for 4th straight month


Homebuilder confidence dropped for the fourth month in a row in November as mortgage rates neared 8%.

November 15, 2023

CA housing affordability dials back to 16-year nadir


With borrowing costs reaching all-time highs and home prices continuing to climb, California housing affordability dialed back for the second straight quarter and dropped to the lowest level since 2007.

November 14, 2023

11 of 25 most expensive zip codes in the country are in Bay Area

For the seventh year in a row, Atherton’s 94027 was the most expensive ZIP code in the U.S.

November 7, 2023

U.S. consumer confidence drops for third straight month


For the third month in a row, the Conference Board’s Consumer Confidence Index fell — dropping to 102.6 in October from an upwardly revised 104.3 in September. 

November 6, 2023

Adjustable-rate mortgage demand jumps 10%


Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 7.86% from 7.90%.

November 3, 2023

A little-known law expected to fight racial discrimination in housing

An update to a little-known law is expected to help combat racial discrimination in mortgage lending. 

November 3, 2023

A little-known law expected to fight racial discrimination in housing

An update to a little-known law is expected to help combat racial discrimination in mortgage lending. 

October 30, 2023

U.S. consumer confidence drops for third consecutive month


Americans are losing confidence about the economic outlook.

October 27, 2023

Fed may not hike interest rates next week, but consumers are unlikely to feel any relief


The Federal Reserve is expected to announce no rate hike at the end of its two-day meeting next week.

October 26, 2023

FHA will consider rent from ADUs when qualifying borrowers

U.S. Dept. of Housing and Development

FHA mortgage lenders can now include rental income from accessory dwelling units (ADUs) when qualifying borrowers.

October 23, 2023

Do rising interest rates mean home prices will fall?

Mortgage rates hit 7.67% for the week ending Oct. 19, while home prices stay steady and housing inventory falls.

October 19, 2023

Housing starts rebound in September


Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop in the prior month.

October 18, 2023

Mortgage demand falls to the lowest level since 1995 as interest rates near 8%


Applications for a mortgage to purchase a home dropped 6% week to week and were 21% lower than the same week one year ago.

October 17, 2023

U.S. homebuilder confidence falls to lowest since January


Homebuilder confidence fell in October to the lowest levels since January, signaling sky-high mortgage rates are weighing on construction firm optimism and potential buyer traffic.

October 11, 2023

Housing trade groups warn Fed chair of rate hikes

WRE News

The leadership of the MBA, NAHB and NAR sent a letter to Federal Reserve Chairman Jerome Powell warning that the central bank’s policy of rate hikes is creating tumult within the U.S. housing market.

October 9, 2023

CA REALTORS® provide additional funding for closing cost grants to underserved first-time homebuyers


In a continuing effort to address California’s growing housing affordability crisis and racial homeownership divide, the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Housing Affordability Fund (HAF) will provide another $500,000 in closing cost assistance for eligible first-time California homebuyers from an underserved community.

October 5, 2023

UCLA Forecast: Feared Recession Likely Avoided, California Economy Outpaces Nation

Times of San Diego

With the national picture shifting solely to a "no-recession" scenario, the UCLA forecast predicted that the California economy will "once again grow faster than the U.S."

October 4, 2023

Housing Wire

Mortgage applications ground to a halt as mortgage rates surged. Mortgage application activity is now at its lowest level since 1996.

October 3, 2023

Housing Wire

Redfin announced its decision to require agents to leave NAR in places where they can.

September 29 2023

Market Watch

Sales of newly built homes in the U.S. fell in August as interest rates and home prices stayed elevated, dampening buyer demand.

September 25 2023

California Dept. of Insurance

Package of executive actions aimed at improving insurance choices for Californians amid climate threats.

September 22, 2023

Market Watch

Construction of new U.S. homes fell 11.3% in August—falling short of Wall Street expectations—as builders scaled back new projects to focus on completions.

September 15, 2023

The most common reason homebuyers say they haven’t purchased a home is that they’re waiting for prices to drop.

September 12, 2023


U.S. home prices began rebounding on an annual basis in July, rising by 2.5%.

September 6, 2023


Investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop in overall home sales.

September 5, 2023

Yahoo Finance

One of the biggest problems in today's housing market is the inventory shortage, with demand far outstripping supply.

August 31, 2023


From hurricanes to wildfires and flooding, more homes are at risk from climate change, and home insurers and policyholders face a fast-changing market.

August 29, 2023

Market Insider

Zillow is offering prospective homebuyers the option to put just a 1% down payment on a home purchase amid an ongoing affordability crisis sparked by soaring mortgage rates.

August 22, 2023


Mortgage rates hit the highest level since the end of 2000, and that is crushing affordability for potential homebuyers.

August 21, 2023

The Guardian

A wave of young adults bought their first home with the help of student loan pauses and remote work – but will the boom last?

August 18, 2023

Yahoo Finance

Elevated mortgage rates and declining homebuyer traffic is putting a squeeze on the U.S. housing market. 

August 17, 2023

Yahoo Finance

Builders’ confidence dipped for the first time in 2023 in August to a neutral sentiment due to rising mortgage rates and stubbornly high shelter inflation. 

August 15, 2023

Fox Business News

Home price growth slowed for the 12th straight month in May, CoreLogic reported. Still, home prices increased 1.4% year-over-year. 

August 14, 2023

The Hill

Maine has the highest vacant housing rate in the country, according to a new analysis from real estate website LAHomes. 

August 11, 2023

Yahoo Finance

The shelter index was the largest contributor to overall inflation, accounting for over 90% increase for all items.

August 10, 2023

Fox Business News

U.S. mortgage rates topped 7% for the first time in nine months after Fitch downgraded the nation's credit score, dampening demand among would-be buyers. 

August 8, 2023


The trend of Californians looking to leave the Golden State in hopes of finding more affordable housing options elsewhere seems to be alive and well, according to a study from Redfin.

August 7, 2023

Millennials are getting priced out and outbid by older, all-cash buyers, real-estate group says.

August 2, 2023

9 to 5 Mac

In 2019, Apple announced a $2.5 billion plan to help address the housing crisis in California in partnership with the state government.

August 1, 2023

National Association of REALTORS®

Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009.

July 31, 2023


Berkeley approved nearly 900 new homes in 2022, in what the city’s mayor is calling "the biggest boom we’ve seen since the '60s."

July 26, 2023

USA Today

The Fed raised its key interest rate by a quarter point, opened the door to another hike. Inflation has eased but officials worry it could spike again.

July 18, 2023

Yahoo Finance

Homebuilder confidence hit its highest level since June of last year, reflecting enthusiasm in the market for new homes as mortgage rates hover around 7%.

July 12, 2023

National Assn. of REALTORS®

An NAR Member Profile report's findings clearly show that the lack of housing inventory is impacting REALTORS®' ability to find buyers a home. 

July 11, 2023

Cap Radio

A new research paper found homeownership fell 10 percentage points among Californians aged 35 to 45, to less than 40%. 

July 10, 2023

Yahoo Finance

The biggest case for a housing market rebound is coming from the new home construction market.

July 7, 2023


New research pinpoints how the California Environmental Quality Act collides with another state law to make housing construction difficult.

July 6, 2023


The Fed's decision to pause its rate-hiking program could help unlock more homes for sale in California, a market which is struggling with supply.

July 5, 2023

CBS News

Mortgage rates might be high for a while. Fortunately, there are ways to get around them if they do.

July 3, 2023

Market Watch

A survey of American consumer confidence jumped to a 17-month high in June, reflecting a slowdown in inflation and more confidence about the future of the economy.

June 28, 2023

National Assn. of REALTORS®

Americans living in walkable communities report a higher quality of life.

June 27, 2023


Even with mortgage rates hovering around 15-year highs, home prices in California edged higher for the fourth consecutive month in May.

June 22, 2023


Construction on new U.S. homes rose 21.7% in May, the Commerce Department said Tuesday. 

June 20, 2023


California’s housing market rebounded in May as home sales surged to the highest level in eight months and the statewide median price notched above $800,000 for the second straight month.

June 19, 2023

Freddie Mac

Even with elevated interest rates and high prices, more lower-income households are finding ways to purchase a home — a bright spot in the midst of a challenging market.

June 16, 2023


HOME will address multifaceted challenges Latinos face in trying to buy a home by expanding market opportunities and providing potential homeowners with the resources they need to navigate the home-buying process.

June 15, 2023

National Mortgage Professional

Competition among buyers over few available houses has made this home shopping season unusually hot.

June 14, 2023

Federal Reserve holds rates steady

Yahoo Finance

The Federal Reserve held interest rates steady Wednesday, but officials signaled they are prepared to raise rates again this year to tame stubborn inflation.

June 13, 2023

Mortgage credit availability decreases in May

Mortgage Bankers Association

Mortgage credit availability decreased for the third consecutive month, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.

June 6, 2023

Two lenders offer 1% down loans but should you use a bargain mortgage?

Two of the nation's largest lenders are now offering mortgages that require just 1% down. Experts warn that might not be a good thing.

June 5, 2023

Hidden costs of homeownership can add up to $15k annually

Zillow Research

The everyday expenses of owning a home are higher than ever, according to a new analysis from Zillow® and Thumbtack.

June 2, 2023

Home price declines may be over


Nationally, home prices in March were 0.7% higher than March 2022, S&P CoreLogic Case-Shiller Indices said.

June 1, 2023

State Farm will no longer insure homes in California due to wildfire risk

USA Today

State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs.

May 31, 2023

Lenders roll out 1% down payment mortgages


As affordability challenges mount, the nation’s two largest mortgage lenders have rolled out 1% down payment loans.

May 30, 2023

Bakersfield one of 10 top U.S. cities for new college grads

NBC Bay Area

Report found that the second-largest markets across the U.S. can offer college graduates a higher quality of life and an accessible cost of living.

May 26, 2023

Homeownership rate hits lowest level in decades in 2020

The Hill

The U.S. homeownership rate hit its lowest level in five decades in 2020, falling by 2 percentage points in 10 years’ time, according to Census Bureau data.

May 25, 2023

How to take advantage of rising home prices

CBS News

Home prices are rising in many parts of the U.S. Here's how to take advantage.

May 24, 2023

Want a 5% mortgage rate? Buy a newly built home

Yahoo Finance

While the average mortgage rate remains stuck above 6%, buyers of new homes are getting a much better deal.