by Dustin Balloun | Aug 26, 2024 | Industry News, Market Reports
California home sales reach five-month high as mortgage rates hit lows, C.A.R. reports Existing, single-family home sales totaled 279,810 in July on a seasonally adjusted annualized rate, up 3.6 percent from 270,200 in June and up 4.1 percent from 268,840 in July...
by Dustin Balloun | Aug 19, 2024 | Market Reports
Higher home prices and elevated mortgage rates push California housing affordability to near-17-year low in second-quarter 2024, C.A.R. reports Fourteen percent of California households could afford to purchase the $906,600 median-priced home in the second quarter of...
by Dustin Balloun | Feb 6, 2024 | Market Reports
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs Report The Federal Reserve left interest rates unchanged at their recent meeting and signaled that they will be closely monitoring the data for improving signs on inflation to...
by Dustin Balloun | Dec 27, 2023 | Market Reports
Elevated borrowing costs suppress California home sales to the lowest level in 16 years, C.A.R. reports Key highlights: Existing, single-family home sales totaled 223,940 in November on a seasonally adjusted annualized rate, down 7.4 percent from October and down 5.8...
by Dustin Balloun | Nov 13, 2023 | Market Reports
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023, C.A.R. reports Key highlights: · Fifteen percent of California households could afford to purchase the $843,600 median-priced home in the third...
by Dustin Balloun | Sep 27, 2023 | Market Reports
C.A.R. releases its 2024 California Housing Market Forecast California housing market will rebound in 2024 as mortgage rates ebb. Existing, single-family home sales are forecast to total 327,100 units in 2024, an increase of 22.9 percent from 2023’s projected pace of...
