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California housing market will rebound in 2024 as mortgage rates ebb.
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 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 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 a brighter...
California housing market will rebound in 2024 as mortgage rates ebb.
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...
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California housing market will rebound in 2024 as mortgage rates ebb.
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 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 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 a brighter...
NAR Economists Foresee 2023 Housing Market Trends Amid Rising Rates and Inflation
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 "The recovery has not taken place, but the housing recession is over." - Lawrence Yun, NAR Chief EconomistClick to enlarge.Key highlights US pending home sales rise 0.3% in June, the first increase since February. NAR Chief...
California Housing Market: A Strategic Analysis
California Housing Market Analysis California Housing Market Stays Resilient Amidst Rising Rates and Inventory ShortageClick to enlarge.Key highlights Federal Reserve raises the Fed Funds Rate, marking a significant shift in monetary policy. California's housing...
June Market Recap: California’s housing market faces challenges with elevated interest rates and limited listings, impacting home sales for the ninth month in a row.
June Market Recap: California's housing market faces challenges with elevated interest rates and limited listings, impacting home sales for the ninth month in a row.Click to enlarge.Elevated Interest Rates and Limited New Listings Impact California Home Sales...
California Housing Market Faces Challenges Amidst Rising Interest Rates and Tight Supply
July, 25 2023 - The Market Minute is an analysis that offers the most up-to-date information on the economy and the housing market. It provides critical highlights and concise insights on industry-related issues every week.California Housing Market Faces Challenges...
Elevated interest rates and limited new listings suppress California home sales in June, C.A.R. reports
C.A.R. Reports: California Home Sales Dip in June Due to Interest Rates and Low ListingsJuly 19, 2023 - The statewide median price remains above $800,000 for the third straight month, and the year-over-year price decline is the smallest since January 2023. ...