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California housing market will rebound in 2024 as mortgage rates ebb.

California housing market will rebound in 2024 as mortgage rates ebb.

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...
California housing affordability slides to lowest level in nearly 16 years during second-quarter 2023, C.A.R. reports

California housing affordability slides to lowest level in nearly 16 years during second-quarter 2023, C.A.R. reports

by Dustin Balloun | Aug 16, 2023 | Market Reports

California housing affordability slides to lowest level in nearly 16 years during second-quarter 2023, C.A.R. reports Aug 11, 2023 – Housing affordability in California hit a 16-year low in Q2 2023. Only 16% of households could afford the median-priced home of...
California Housing Market: Unpacking the Latest Shifts

California Housing Market: Unpacking the Latest Shifts

by Dustin Balloun | Aug 9, 2023 | Market Reports

California Housing Market: Unpacking the Latest Shifts Aug 8, 2023 – The California housing market is in flux, with mortgage rates near their peak and a dip in summer sales. Yet, as the job market finds balance and CEOs grow hopeful, there’s potential for...
NAR Economists Foresee 2023 Housing Market Trends Amid Rising Rates and Inflation

NAR Economists Foresee 2023 Housing Market Trends Amid Rising Rates and Inflation

by Dustin Balloun | Aug 8, 2023 | Industry News, Market Reports

NAR Economist 2023 Housing Market Trends: Rising Rates and Inflation Rising interest rates and inflation set the stage for a nuanced real estate landscape in 2023, with tempered home price growth and heightened competition on the horizon. Lawrence Yun, NAR’s Chief...
US Pending Home Sales Show Signs of Recovery

US Pending Home Sales Show Signs of Recovery

by Dustin Balloun | Aug 2, 2023 | Market Reports

US Pending Home Sales Show Signs of Recovery “The recovery has not taken place, but the housing recession is over.” – Lawrence Yun, NAR Chief Economist Click to enlarge. Key highlights US pending home sales rise 0.3% in June, the first increase since...
California Housing Market: A Strategic Analysis

California Housing Market: A Strategic Analysis

by Dustin Balloun | Aug 2, 2023 | Market Reports

California Housing Market Analysis California Housing Market Stays Resilient Amidst Rising Rates and Inventory Shortage Click to enlarge. Key highlights Federal Reserve raises the Fed Funds Rate, marking a significant shift in monetary policy. California’s...
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