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...
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...
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...
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...
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...
