MARKET REPORTS
NEWSROOM HOME
INDUSTRY NEWS
MARKET REPORTS
ASSOCIATION NEWS
CRMLS NEWS
Latest Market Report
Elevated borrowing costs suppress California home sales to the lowest level in 16 years
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...
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023
California housing affordability dials back to hit 16-year nadir as interest rates surge to two-decade high in Q3 2023, C.A.R. reportsKey highlights: · Fifteen percent of California households could afford to purchase the $843,600 median-priced home in the third...
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...
Economic & Housing Market Update Reports
The “Economic and Housing Market Update Report” for Fillmore, California, provides an in-depth analysis of the local economy, demographics, and housing market. It includes data on household income, population trends, education levels, employment, and housing values. The report highlights the dominant consumer segments in the area, such as Family Extensions and Urban Villages, and discusses the challenges and opportunities in the local housing market, including affordability, homeownership rates, and the impact of underbuilding on the economy and families. The report underscores the need for increased housing supply to meet demand and improve affordability. Read the full June 2024 report.
The June 2024 Ojai Housing Report provides an overview of the economic and housing market conditions in Ojai, California. The report includes detailed demographic data, housing statistics, and economic indicators. It highlights the dominant consumer segments, such as “City Lights” and “Golden Years,” and their characteristics, including household income, education levels, and housing preferences. The report emphasizes the challenges of housing affordability, low vacancy rates, and the impact of underbuilding, which are affecting the local economy and quality of life in Ojai. Read the full June 2024 report.
The June 2024 Oxnard Housing Report provides a comprehensive analysis of the local economic and housing market conditions in Oxnard, California. The report details key demographic information, such as median household income, population trends, and the dominant consumer segments in the area. It highlights challenges in the housing market, including affordability issues, a low vacancy rate, and the impact of underbuilding. The report emphasizes the need for increased housing supply to address these challenges and improve overall market conditions. It also covers trends in housing values, homeownership rates, and the socioeconomic traits of various communities in Oxnard. Read the full June 2024 report.
The “Economic and Housing Market Update Report” for Port Hueneme provides an analysis of the local economic and housing market conditions. It details key demographic segments such as “Diverse Convergence,” “Urban Villages,” and “Old and Newcomers,” each with unique characteristics like income levels, housing preferences, and employment patterns. The report highlights challenges such as affordability, low vacancy rates, and the impact of underbuilding, emphasizing the need for increased housing supply to address these issues and improve the overall market dynamics in Port Hueneme. Read the full June 2024 report.
The “Economic and Housing Market Update Report” for Santa Paula, California, provides a detailed analysis of the local economic and housing market conditions. It includes demographic data, such as median household income, population, and age distribution. The report also identifies key consumer segments in the area, such as “Family Extensions” and “Pleasantville,” and discusses their characteristics, housing preferences, and challenges. Additionally, the report highlights economic factors like unemployment rates, income levels, and educational attainment, emphasizing the need for more housing supply to address affordability issues and economic growth challenges in Santa Paula. Read the full June 2024 report.
COMING SOON!
Higher home prices and elevated mortgage rates push California housing affordability to near-17-year low in second-quarter 2024, C.A.R. 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...
PREVIOUS ENTRIES
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. ...
Ventura REALTORS® Remain Upbeat Amidst Housing Challenges, Expecting Growth in Sales Volume and Prices
July, 18 2023REALTORS® Remain Upbeat Amidst Housing Challenges, Expecting Growth in Sales Volume and PricesREALTOR® Sentiment Report: Positive Outlook for Ventura REALTORS® and the California Housing Market Business Conditions: Good News for REALTORS® - According to...
California Housing Market: Resilience Amid Rising Rates
California Housing Market: Resilience Amid Rising RatesJuly 11, 2023 - Last week, the California housing market made headlines as it continued to thrive despite various challenges. The labor markets showed impressive resilience, dispelling fears of a looming...
California Housing Market Forecast: Tight Supply and Optimistic Outlook
Click to enlarge.California Housing Market Forecast: Tight Supply and Optimistic Outlook The California housing market grapples with tight supply, resulting in fewer sales and high home prices, while affordability remains a challenge. However, there are positive signs...
California Housing Market Rebounds with a Flourish, Surpassing $800K Median Price Mark Again
June 21, 2023 - California's housing market rebounded in May, with home sales reaching their highest level in eight months and the statewide median home price surpassing $800,000 for the second consecutive month. The market showed resilience and signs of improvement,...