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National Association of Realtors®​

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​Realtors® reported that their recent clients chose to move to a specific area primarily to be closer to family and friends (30%) and to get more home for the money (21%), according to a new report from the National Association of Realtors®.

Reuters​

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U.S. homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged to the highest in about 2 ½ years, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Realtor.com​

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Mortgage rates spiked from 6.78% last week to 6.84% for a 30-year fixed home loan for the week ending Nov. 21, according to Freddie Mac.

Yahoo Finance​

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Barring a cataclysmic event or major economic turmoil, the median home price in Los Angeles County will likely cross the $1,000,000 mark in 2025.

Yahoo Finance​

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When Congress moves ahead quickly to continue expiring Trump-era tax cuts next year, it’s likely to take a step to further make it harder to buy a home in California.

WCNC​

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The Federal Reserve keeps dropping key interest rates, but mortgage rates are actually going up, leaving many prospective homeowners facing a harsh reality. 

Go Banking Rates​

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While California’s high-priced real estate market has faced challenges recently, 2025 is shaping up as a promising year for buyers, especially in high-demand areas.

National Association of REALTORS®​

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"The last two years have been tough for many people who work in home sales or who were in the market to buy or sell, but the worst may be over," said Lawrence Yun, chief economist of the National Association of REALTORS®.

CNBC​

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While building more homes is the simpler answer to address the housing issue in the country, other promises Trump has made could deter affordability efforts, experts say.

Redfin​

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The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million, three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million.

Inman​

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Investors sent shares in Fannie Mae and Freddie Mac higher last week on expectations that the  Trump administration will revive efforts to privatize the companies.

CALIFORNIA ASSN. OF REALTORS®​

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Slower home price growth and more favorable interest rates in third-quarter 2024 buoyed California’s housing affordability from both the previous quarter and a year ago.

CNBC​

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The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, the highest rate since July 1 of this year, according to Mortgage News Daily.

National Association of REALTORS®

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The first-time homebuyer market share decreased to a historic low of 24% (down from 32% last year), while home buyers’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year).

MarketWatch

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The typical age of home sellers in the U.S. is 63 — up from 60 a year ago and the oldest ever recorded, according to a report published Monday by the National Association of Realtors.

Fox9 News

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Despite average mortgage rates being much higher, nearly half of homebuyers in the past year report having a rate below 5%, according to a new survey by Zillow. 

Newsbreak

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The Center for California Real Estate (CCRE) has released its annual list of key issues in housing, spotlighting the significant challenges faced by California's housing market in 2024.

OC Register

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Voters in 2020 approved Prop. 19, which allows property owners and those who inherit a primary residence to transfer their base tax rates.

Motley Fool

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Election cycles raise questions about the impact on home sales for both home buyers and sellers.

Newsweek

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About one in seven REALTORS® saw home insurance issues derail a sale as property insurance becomes increasingly unaffordable, a new report from C.A.R. found.

Realtor.com

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Sales of previously owned homes dropped to a 14-year low last month despite lower mortgage rates, as uncertainty over the presidential election casts a shadow on the market.

Marketplace

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Gen Z is barely able to pay rent, much less keep up with rising housing market trends. What does that mean for its future?

Associated Press

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Americans’ outlook on the economy soured a bit this month after two months of small gains, according to the University of Michigan’s consumer sentiment index, released Friday.

Realtor.com

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Nationally, single-family housing starts hit a seasonally adjusted annual rate of 1,027,000 last month, up 2.7% from August’s revised figure, according to U.S. Census Bureau data released on Friday. Single-family starts were up 5.5% from one year ago nationwide.

CNBC

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Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.

CALIFORNIA ASSN. OF REALTORS®

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California home sales stalled in September and hit the lowest level in nine months despite the lowest interest rates since spring.

SF Chronicle

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Fewer than 20 in 1,000 homes in the San Francisco metropolitan area have changed owners this year, a sign housing market activity remains below pre-pandemic levels — though there has been some recent improvement.

CNBC

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The share of middle-class Americans who are buying wallet-squeezing homes has more than doubled in the previous 10 years.

Mortgage Orb

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Consumer confidence in the housing market rose to the highest in two years, per Fannie Mae’s Home Purchase Sentiment Index (HPSI).

CNBC

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An abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop.

CNN

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Inflation continued to slow in September, reaching a fresh 3½-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018.

Yahoo Finance

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The Home Builder Confidence Index rose to 41 in September, up from August's reading of 39, as mortgage rates continue to cool to 19-month lows.

Realtor.com

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Tiny houses are exploding in popularity, and California ranks number two in a list of states where people were searching for tiny homes the most at 32,360 per 100,000 searches.

ABC 10

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California real estate transactions now come with a specific contingency allowing buyers to cancel their contract if they're not satisfied with the insurance options and costs.

CNBC

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Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market.

Redfin

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Just 25 out of every 1,000 U.S. homes changed hands in the first eight months of 2024, the lowest turnover rate in decades.

Realtor.com

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Mortgage rates ticked down slightly from 6.09% to 6.08% for a 30-year fixed home loan in the week ending Sept. 26, according to Freddie Mac.

Yahoo Finance

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Applications to refinance or purchase a home in the week that ended Sept. 20 rose 11% week over week, according to the Mortgage Bankers Association.

CALIFORNIA ASSN. OF REALTORS®

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California home sales and price are projected to increase as buyers and sellers return to the market, enticed by lower interest rates and better housing supply conditions.

Realtor.com

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Mortgage rates plunged from 6.20% to 6.09% for a 30-year fixed home loan for the week ending Sept. 19, according to Freddie Mac.

Fox Business News

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There are a several real estate scams that are circulating today. The FTC has already paid millions to refund victims over the last several months alone.

USA Today

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Mortgage applications from borrowers of color are denied significantly more frequently than those from white borrowers.

CNBC

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Nationwide, active listings in August were up 36% compared with the same month last year, according to a new report from Realtor.com.

NBC Bay Area

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The first rate cut in years will affect many types of consumer products. Here’s what it means for credit cards, mortgage rates, auto loans and savings accounts.

San Francisco Chronicle

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Proponents of Proposition 33 on the November ballot, which would enact stricter rent control, say their measure is critical to keeping Californians in their homes and ensuring new residents can afford to live here. But a San Francisco Chronicle editorial has doubts.

Clever Real Estate

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Roughly 61% of boomers currently own homes, and among this group, more than half (54%) never plan to sell, spending the rest of their lives there, a survey by Clever Real Estate found.

Redfin

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The lock-in effect is slowly easing because eventually, people have to move; 86% of homeowners with mortgages have interest rates below 6%, down from 91% in 2023 and a record 93% in 2022.

KTLA

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Gov. Gavin Newsom has vetoed a bill that would have allowed undocumented immigrants living in California the ability to qualify for first-time homebuying loans, citing funding concerns and potential impacts on state budget.

Whittier Daily News

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The C.A.R. sponsored buyer-representation bill would limit contracts with real estate agents to three months.

CNBC

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What you might think of as a monthly expense could be a key part of your retirement plan later on.

NBC Bay Area News

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Home insurance is about to get a whole lot more expensive for a lot of people in California.

Pasadena Weekly

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With inflation slowing further in July, homebuyer demand is finally approaching positive territory for the first time since rates began to rise in 2022.

Yahoo Finance

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U.S. mortgage rates fell again last week to the lowest level since April 2023, spurring a modest pickup in applications to buy a home.

Stacker

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Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Realtor.com

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Home prices in the U.S. have reached a new record high but are growing at a slower pace, in a sign the market is starting to turn.

National Mortgage Professional

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Pending sales of starter homes rose by 10.2% year over year in July, reaching the highest level since October 2022, Redfin said.

CBS News

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Mortgage rates are expected to continue trending lower overall this year, as signs of waning inflation and a cooling job market have raised expectations of Fed rate cuts.

Market Watch

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Cancellations were highest in markets where the number of homes for sale have surged, Redfin says.

Redfin

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Access to healthcare services, restaurants, bars and coffee shops top the list of trade-offs house hunters are willing to make in order to buy a home.

CALIFORNIA ASSN. OF REALTORS®

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Fueled by the lowest interest rates since spring, California home sales rebounded in July to reach a five-month high.

CBS8 TV San Diego

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What you should know about the major changes hitting the real estate market starting August 17. 

California Assn. of REALTORS®

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Higher prices combined with elevated mortgage rates that pushed borrowing costs to all-time highs pulled California’s housing affordability down to the lowest levels in nearly 17 years during the second quarter of 2024.

Redfin
 

House hunters should consider jumping into the market now, with last week’s soft jobs report sending mortgage rates to their lowest level since April 2023.

Housing Wire
 

Climate change has fueled more frequent and more severe natural disasters, but that isn’t keeping people away from high-risk areas.

CNBC
 

Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners.

SF Gate
 

New York surpassed San Diego as the city with the fastest-growing single-family home prices in May, according to data from a new S&P CoreLogic Case-Shiller Indices report.

CalMatters
 

As California struggles to address its housing shortage, the sky-high costs of construction projects minimize the bang for its bucks.

CALIFORNIA ASSN. OF REALTORS®
 

Important regulatory updates, coming by end of year, plan to provide homeowners insurance options to consumers, according to a panel discussion last week hosted by the Center for California Real Estate.

Yahoo Finance

 

Mortgage rates dropped to the lowest level since early February, a welcome decline for prospective homebuyers grappling with ongoing affordability challenges.

CNBC 

 

Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.

NBC Bay Area

 

Heat waves this summer have slowed open house foot traffic in some areas,  but summertime home sellers can get creative to beat the heat.

Yahoo Finance

 

Sales of newly built homes fell 0.6% to 617,000 annual pace in June, according to government data.

Yahoo Finance

 

Sales of newly built homes fell 0.6% to 617,000 annual pace in June, according to government data.

CNBC

 

Roughly 7.9 million households in the U.S. were considered "income mortgage-ready" in 2022, according to an analysis by Zillow.

Yahoo Finance

 

US mortgage rates eased last week to their lowest level since early February, while a further decline in home-purchase applications suggested even cheaper borrowing costs may be needed to stir demand.

Yahoo Finance

 

The housing market is turning more balanced as home sellers are forced to reduce prices amid cooling competition.

Redfin

 

For the week ending July 14, the typical U.S. homebuyer’s monthly housing payment was $115 lower than April’s all-time high as mortgage rates dip to lowest level since February.

Press-Telegram

 

Sales of U.S. homes to Chinese, Canadian and other foreign buyers have fallen to the lowest level in more than a decade.

CBS News

 

As inflation continues to cool, homebuyers could finally be in store for some positive news.

CNBC

 

High home prices and current mortgage rates have created a chilling effect on the housing market, stymying aspiring first-time buyers and those looking to move.

CALIFORNIA ASSN. OF REALTORS®

 

California home sales remained stagnant for the second consecutive month in June, as the 30-year fixed rate mortgage remained above 7 percent throughout most of May, when most of these sales opened escrow.

Fannie Mae

 

Nearly one in five consumers (19%) indicated that it's a good time to buy a home, up from 14% in May, which represented a new survey low. The share believing it's a good time to sell also increased, rising from 64% to 66%. 

Daily Californian

 

With the median price for a single-family home in the Bay Area reaching $1.46 million in May — a 12% increase from last year that nears a record $1.5 million, Berkeley’s housing market remains an outlier with its current decline in prices. 

Yahoo Finance

 

Southern California home prices rose nearly 8% in June from a year earlier, marking the fourth straight month values hit an all-time high.

Beverly Hills Courier

 

Beverly Hills faces legal action after the City Council on June 27 blocked a builder’s remedy project from going forward.

Beverly Hills Courier

 

Beverly Hills faces legal action after the City Council on June 27 blocked a builder’s remedy project from going forward.

Newsweek

 

A luxurious property in Wine Country has seen a drastic price reduction—a move that reflects the crisis affecting the state's insurance sector.

Yahoo Finance

 

The twin-peaked lumber bubble of 2021 and 2022 that drove home building costs through the roof and exacerbated inflation is over. Spot lumber prices have plummeted 75 percent from their May 2021 record high this week.

Realtor.com

 

Mortgage rates sank further this week, with the average rate for a 30-year fixed home loan falling from 6.87% last week to 6.86% for the week ending June 27, according to Freddie Mac.

LAist

 

State Farm requested massive increases to its California residential insurance rates, which calls its financial stability into doubt amid an ongoing crisis in the state’s insurance market.

CNBC

 

More built-for-rent single-family homes are being constructed in the U.S., according to the National Association of Home Builders, and experts say this is in part due to the housing affordability crisis.

CNBC

 

The size of typical new homes in the U.S. has been declining for years, according to industry research. Here's how downsizing can help affordability.

Associated Press

 

California lawmakers have abandoned their attempt to repeal the nation's only law requiring voter approval for publicly funded affordable housing projects.

Market Watch

 

New-home sales fell to an annual rate of 619,000 in May, compared with a rate of 698,000 in the previous month.

Yahoo Finance

 

Case-Shiller’s home price data for April showed a decelerating upward trend. San Diego once again led the way, with home prices growing +10.3%, followed by New York City at +9.4% and Chicago +8.7%.

KTLA

 

California homeowners pay an average of $28,790 per year in home maintenance costs, a 32% increase from 2020, due to rising home prices, inflation, and costly insurance premiums.

Market Watch

 

The pace of construction hit a speed bump as builders grappled with higher-than-normal financing costs, as well as elevated mortgage rates that affect home buyers.

California Assn. of REALTORS®

 

Mortgage rates that surged to their highest levels since late last year hampered California home sales in May on both a monthly and an annual basis, while the statewide median home price exceeded $900,000 for the second straight month to set another record-high.

KTLA

 

With the nation’s largest population and the highest median home prices in the U.S., it should be no surprise that California also has the highest concentration of million-dollar homes.

NBC Bay Area

 

In an effort to tackle California’s affordable housing crisis, San Jose has become the first city to allow property owners to sell ADUs on their property.

Housing Wire

 

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year.

NBC Bay Area

 

Real estate investors purchased about 44,000 U.S. homes in the first quarter of 2024, up 0.5% from a year ago, according to Redfin. It's the first increase since the second quarter of 2022.

Newsweek

 

Homeowners moved to change the terms of their home loans as rates slightly dropped last week, lenders said.

Stacker

 

Stacker compiled a list of cities with the fastest-growing home prices in California using data from Zillow, ranking cities by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending April 2024.

Market Watch

 

"The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market," National Association of Realtors says.

Realtor.com

 

The U.S. needs at least 1.5 million additional homes to relieve the nation's housing shortage, according to Freddie Mac.

CNBC

 

Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week.

National Mortgage Professional

 

Southern California’s housing market was more productive than most of the country this April as home sales across the region rose by 11.3% from a year ago.

NBC Bay Area

 

While coming up with a bigger down payment can help alleviate monthly homeownership costs, 20% is not required, experts say. 

Realtor.com

 

The COVID-19 pandemic shifted much of the housing market, including how big of a down payment many homebuyers offer today, but you don’t need to put down as much as you think.

CNN

 

U.S. home prices reached a record high in March, reflecting the housing market’s persistent affordability crisis.

NBC Bay Area

 

San Francisco and Oakland's population sizes grew slightly between 2022 and 2023 while San Jose's dipped, according to the U.S. Census Bureau.

Axios

 

More than half of Americans — 56% — mistakenly believe the U.S. is currently in a recession.

CNBC

 

Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the U.S. Census said.

CNBC

 

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

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.

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.

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.

CNBC

 

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

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.

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.

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.

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.

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.

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%.

CoreLogic

 

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

SF Chronicle

 

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

CBS News

 

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

Fox Business

 

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

Reuters

 

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

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.

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%.

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). 

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.

CNBC

 

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

MarketWatch

 

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

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.

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.

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.

CBS News

 

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

CBS News

 

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

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.

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.

CNBC

 

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

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.

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.

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.

CNBC

 

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

Realtor.com

 

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

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.

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.

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.

Market Watch

 

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

CNBC

 

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

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.

CNBC

 

Homebuilders are seeing better demand despite stubbornly high interest rates.

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.

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.

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.

Market Watch

 

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

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.

KQED

 

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

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.

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.

SF Gate

 

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

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®.

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. 

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. 

HousingWire

 

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

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. 

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. 

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. 

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. 

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.

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.

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.

Sunset Magazine

 

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

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. 

Realtor.com​

 

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

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.

CNBC​

 

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

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.

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.