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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.

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May 23, 2024

Weekly mortgage demand revives

CNBC

 

Total mortgage application volume rose 1.9% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

May 22, 2024

The housing market and inflation

Bankrate

 

The housing market isn't immune from outside economic forces, including inflation. Inflation is substantially lower now than at its high point of 9.1 percent in the summer of 2022, but it’s still short of the Federal Reserve’s stated goal of 2 percent.

May 21, 2024

Homebuilder confidence drops amid rising mortgage rates

Yahoo Finance

 

A persistent rise in mortgage rates caused homebuilder confidence to plunge 6 points in May — suggesting that homebuilders currently perceive the conditions for building as unfavorable in this higher-for-longer interest rate environment.

May 20, 2024

Share of mortgages taken out by non-whites increases

Redfin

 

White people took out 62% of new mortgages last year, down from 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers rose.

May 17, 2024

Mortgage demand drops even as interest rates pull back to April lows

CNBC

 

Total mortgage application volume increased just 0.5% from one week earlier, according to the Mortgage Bankers Association's seasonally adjusted index.

May 16, 2024

Downpayments fall from historical peak

Realtor.com

 

There's good news for buyers hoping to hit the spring housing market: How much you have to put down to snag a home has fallen.

May 14, 2024

Inflation eases as core index hits lowest level since 2021

The Wall St. Journal

 

U.S. inflation eased slightly in April, with a key measure of price pressures slowing to its lowest level since spring 2021.

May 13, 2024

There are now more options now for SoCal homebuyers

Los Angeles Times

 

The number of homes in many corners of Southern California rose for the first time in more than a year, providing some relief to would-be buyers.

May 10, 2024

Improvement in home prices, interest rates lifts CA housing affordability

CALIFORNIA ASSN. OF REALTORS®

 

A mild retreat in mortgage interest rates and home prices made it easier for more Californians to purchase a home during the first quarter of 2024, the CALIFORNIA ASSOCIATION OF REALTORS® said this week.

May 9, 2024

Mortgage rates drop for first time since March

Yahoo Finance

 

After a five-week climb, mortgage rates ticked down following a weaker than expected jobs report, Freddie Mac reported. The 30-year fixed rate averaged 7.09 percent as of May 9, 2024, down from last week when it averaged 7.22 percent. It averaged 6.35 percent a year ago.

May 8, 2024

Renters' hopes of being able to buy a home have fallen to a record low

CNBC

 

The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.

May 7, 2024

CoreLogic Southern California Housing Market Update: May 2024

CoreLogic

 

All six Southern California counties saw annual home price gains in March, while sales volume dropped throughout the region.

May 6, 2024

CA’s insurance crisis is rattling the real estate market.

SF Chronicle

 

Expensive and increasingly elusive insurance has made buying a home in California even more difficult.

May 3, 2024

Federal Reserve holds rates steady; what that means for your money

CBS News

 

The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.

May 2, 2024

Home prices climb 6.4%, hit new record high in February: Case-Shiller

Fox Business

 

Home prices are now 6.4% above their level last year, up from the 6% increase registered in January.

May 1, 2024

New home sales rebound to six-month high; rising mortgage rates a concern

Reuters

 

Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level.

April 26, 2024

Housing experts say there just aren't enough homes in the U.S.

NPR

 

The U.S. is millions of homes short of demand, and lacks enough affordable housing units. And many Americans feel like housing costs are eating up too much of their take-home pay.

April 25, 2024

Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%

Market Watch

 

Mortgage applications fell 2.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage stood at 7.24%.

April 24, 2024

The hidden costs of homeownership are surging; experts fear they could become the ‘new normal’

Yahoo Finance

 

A study found it costs the average American $623,290 to be a homeowner for the average occupancy period of one home (which is just over 13 years). 

April 23, 2024

Here are three signs you should you refinance your mortgage

CNBC

 

Mortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.

April 22, 2024

Mortgage rates are now at the highest level of the year

CNBC

 

The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year. 

April 19, 2024

New-home construction posts biggest drop in four years

MarketWatch

 

Construction on new U.S. homes fell nearly 15% in March, the Commerce Department said this week.

April 18, 2024

Housing affordability for all Californians deteriorates as interest rates set record highs

CALIFORNIA ASSN. OF REALTORS®

 

Less than one in five of all Californians earned enough income to support the purchase of an $813,980 statewide median-priced home in 2023, down from just over one in five from 2022.

April 17, 2024

58% of Americans don’t think they’d qualify for a mortgage

Los Angeles Times

 

A survey found that 58% of respondents think it would be difficult for them to get a home mortgage today, up 6 percentage points from a year earlier.

April 16, 2024

All-cash offers, wealthy buyers push SoCal home prices to a record

Los Angeles Times

 

Southern California home prices have hit a record despite high interest rates, a reflection of a shortage of inventory and the region's wealth disparity.

April 15, 2024

How to get a lower mortgage rate this spring

CBS News

 

Mortgage rates may be high now, but homebuyers can get a below-average rate by taking these steps this season.

April 11, 2024

How far will mortgage rates fall when the Fed cuts rates?

CBS News

 

Here's where some experts think mortgage interest rates could be headed in the next year.

April 9, 2024

9 in 10 homebuyers have historically opted to work with a real estate agent

Fortune

 

Even in an era where seemingly everything can be researched and purchased electronically, the clear value added by Realtors remains evident. Nine in 10 home buyers would use their agent again or recommend their agent to others.

April 8, 2024

California giving away up to $150,000 for first-time homebuyers

Fox LA TV

 

Made possible by the California Housing Finance Agency, the program gives eligible individuals 20% of the home's cost to help with the down payment.

April 5, 2024

Weekly mortgage demand remains stalled

CNBC

 

Mortgage rates didn't move much last week, and for the second week in a row, neither did mortgage demand.

April 4, 2024

Here's how to lower your home insurance premiums

Fox Business News

 

Home insurance premiums for a $300,000 property in the U.S. increased 12% in 2023, and Americans pay an average of $1,770 per year, according to a recent report.

April 2, 2024

“Mansion tax” chills L.A.’s luxury market

Los Angeles Times

 

The "mansion tax" has raised roughly $215 million in its first year. Advocates say the tax helps address L.A.'s housing crisis, but critics claim it has frozen the real estate market.

April 1, 2024

Southern California home prices, sales revive amid renewed bidding wars

Orange County Register

 

Despite sales and price gains, the Southern California’s housing market remains stymied by high interest rates and a lack of listings.

March 29, 2024

Mortgage demand stalls, even as interest rates moderate

CNBC

 

The usually busy spring housing market is underway, but mortgage demand isn't moving.

March 28, 2024

Case-Shiller: home prices hit new high in January

Realtor.com

 

Nationwide, home prices rose 6% in January from a year earlier, the biggest year-over-year increase since November 2022.

March 26, 2024

New-home prices fall to lowest level in 3 years

Realtor.com

 

The median sales price of new homes dropped 7.6% on an annual basis in February, to $400,500, its lowest level since June 2021.

March 25, 2024

State Farm not renewing 72,000 policies in California

The Street

 

State Farm, California’s largest home insurer insurance company, is dropping coverage for 72,000 homes — 30,000 houses and 42,000 apartments — in California starting this summer.

March 22, 2024

Federal Reserve foresees 3 interest rate cuts this year

Associated Press

 

Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year.

March 21, 2024

Housing starts rebound in February by largest amount in nine months

Market Watch

 

Construction of new U.S. homes rebounded 10.7% in February to an annual pace of 1.52 million units.

March 20, 2024

Weekly mortgage demand drops as interest rates rise again

CNBC

 

Mortgage interest rates rose last week for the first time in three weeks.

March 19, 2024

California home sales remain resilient in February despite rising interest rates

CALIFORNIA ASSN. OF REALTORS®

 

Despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022.

March 18, 2024

Homebuilder sentiment turns positive for the first time since July

CNBC

 

Homebuilders are seeing better demand despite stubbornly high interest rates.

March 15, 2024

NAR reaches settlement in claims brought by home sellers

National Association of REALTORS®

 

The National Association of REALTORS® (NAR) today announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions.

March 14, 2024

If you’re selling your home this year, list it for sale in June

CNBC

 

Late spring and early summer are widely considered to be the best time to sell a home. A Zillow analysis of its 2023 listings found that spring and summer months had a 0.5% to 1% increase in sales prices compared to the yearly average.

March 13, 2024

Hispanic homeownership rate rises to 49.5% in 2023

Yahoo Finance

 

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% in 2023, a net gain of 377,000 Hispanic owner households from 2022.

March 12, 2024

Housing sentiment is at the highest level in nearly two years

Market Watch

 

The Fannie Mae Home Purchase Sentiment Index rose for the third month in a row in February.

March 11, 2024

A study ranking California taxes nationally may surprise some

Yahoo Finance

 

A study from WalletHub, which analyzes financial data, says California is nowhere near the top of the state and local tax rate rankings of highest tax states.

March 8, 2024

Applications open April 3 for California down payment program

KQED

 

The state’s high-demand loan program for first-tme home buyers will begin accepting applications early next month.

March 7, 2024

Weekly mortgage demand surges 11% as more homes hit the spring market

CNBC

 

Mortgage applications to purchase a home increased 11% last week compared with the previous week, according to the Mortgage Bankers Association. Demand was still 8% lower than the same week one year ago.

March 6, 2024

Black millennials are half as likely to own a home as white millennials

Redfin

 

Just one-third (33%) of Black millennials own their home, compared to two-thirds (65%) of white millennials, according to a new analysis from Redfin.

March 5, 2024

Investors gobble up homes in one of CA's last 'affordable' regions

SF Gate

 

Investors have spent billions on homes in the city of Riverside since 2020, a sharp increase from years prior, Redfin data shows.

March 4, 2024

Fewer homes go under contract as mortgage rates rise

Realtor.com

 

The number of homes under contract that haven’t closed yet dropped 4.9% from December to January, according to a report from the National Association of REALTORS®.

March 1, 2024

Mortgage rates ease for 2nd consecutive day on inflation data

Inman

 

Mortgage rates retreated for the second day in a row Friday after a survey showed the manufacturing sector contracted in February, adding to the case that the Federal Reserve can cut short-term rates without fueling inflation. 

February 29, 2024

U.S. consumer confidence soured in February for first time in 3 months

CNN

 

Americans’ outlook for the economy in the coming months, including expectations for income and business conditions, declined this month for the first time in three months, according to the Conference Board’s latest consumer survey. 

February 28, 2024

Mortgage rates keep surging after strong inflation reading

HousingWire

 

Even though the Federal Reserve expressed cautious optimism in January, policymakers are in no rush to apply rate cuts. 

February 27, 2024

Los Angeles seeks speedier ways to build new affordable homes

Los Angeles Times

 

In 2022, Los Angeles Mayor Karen Bass directed agencies to fast-track 100% affordable apartment projects to relieve the city's housing crunch, and developers say it is working. 

February 26, 2024

52% of Black Americans say homeownership is a mark of success

CNBC

 

About 66 percent of Black Americans consider themselves successful in some way, and 52 percent believe homeownership is important for their definition of success. 

February 23, 2024

Fed president says rate cuts likely "later this year"

Reuters

 

New York Federal Reserve President John Williams said that the U.S. central bank is on track to cut interest rates "later this year," despite stronger-than-expected inflation and labor market data in January. 

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

CNBC

 

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

Realtor.com

 

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

CALIFORNIA ASSN. OF REALTORS®

 

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

CNBC

 

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

CNN

 

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

CNBC

 

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

CNN

 

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

CNBC

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

CNN

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

Newsweek

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

KTLA

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?

Realtor.com

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

Redfin

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

CNBC

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

Redfin

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

CNBC

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

KTLA

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

CalMatters

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

CNN

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

CNBC

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

Zillow

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

KTLA-TV

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

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

Axios

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

CNBC

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

CNN

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

CALIFORNIA ASSN. OF REALTORS®

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

SiliconValley.com

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

CNN

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%

CNBC

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

Realtor.com

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

Realtor.com

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

CNN

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

CNBC

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?

Realtor.com

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

MarketWatch

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%

CNBC

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

Reuters

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

CALIFORNIA ASSN. OF REALTORS®

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

Redfin leaves NAR

Housing Wire

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

September 29 2023

New home sales fall amid high mortgage rates

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

Insurance Commissioner unveils insurance plan for property insurance pricing.

California Dept. of Insurance

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

September 22, 2023

Housing starts drop to lowest level since June 2020

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

Elevated home prices, interest rates are top barriers to homebuying

Realtor.com

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

September 12, 2023

Prices set to climb again in the West

CoreLogic

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

September 6, 2023

Real estate investors pull back

Redfin

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

September 5, 2023

Why homeowners can’t move

Yahoo Finance

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

August 31, 2023

Home insurance policies will get more expensive due to climate risks

CNBC

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

Zillow offers 1% down payment option

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 highest point since 2000

CNBC

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

August 21, 2023

Most millennials own homes, and it’s not thanks to their parents

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

Housing market is facing a real inventory problem

Yahoo Finance

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

August 17, 2023

Homebuilder confidence drops for first time in 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

Home price growth continues to decline

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

States with the most vacant housing

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

Housing costs are big driver of inflation

Yahoo Finance

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

August 10, 2023

Mortgage rates jump to 9-month high

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

More Californians searching for homes out of state

KTLA TV

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 losing homebuying edge to baby boomers

Realtor.com

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

August 2, 2023

Apple has deployed $1.5 billion to help address California’s housing crisis

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

Foreign investment in U.S. home sales decline

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 adds housing at the fastest rate in decades

Berkeleyside

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

Fed raises interest rates 0.25 points, leaves door open for another hike

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

Homebuilder confidence up as demand for new construction continue

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

Nearly one-third of REALTORS® say lack of inventory stopped clients from buying homes in 2022

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

CA homeownership rate drops sharpest among youngest

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

Economist sees a “potential rally” in the housing market

Yahoo Finance

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

July 7, 2023

How friction between 2 California laws impedes housing construction

CalMatters

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

July 6, 2023

California’s housing market just got a lifeline

Newsweek

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

What if mortgage rates stay high?

CBS News

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

July 3, 2023

U.S. consumer confidence leaps to 17-year high

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

NAR study: Americans prefer walkable communities

National Assn. of REALTORS®

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

June 27, 2023

California home prices keep rising despite soaring rates

KTLA

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

U.S. housing starts surge as builders rev up single-family home construction

MarketWatch

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

June 20, 2023