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Latest Market Report
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...
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.
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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...
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California Housing Market Faces Challenges Ahead of Spring Home Buying Season
According to a new report, the California housing market faces challenges ahead of the spring home-buying season. REALTORS® are experiencing a drop in listing appointments, resulting in fewer properties being listed for sale. The report also highlights a decline in...
California Housing Market Analysis – Week Ending April 8, 2023
Based on the latest economic data, the US labor market appears to be gradually slowing down, with the job count declining from the prior month. However, the March report was still considered strong overall. Although wage growth inched up, it did so at the slowest pace...
April Housing Market Analysis
The California housing market report highlights that despite a recent slowdown in economic growth, the economy is showing resilience due to a strong labor market pushing real wages higher. However, actual spending is losing momentum, and demand may soon decline,...
Home Prices End a Decade of Surges as Sales Rebound
Prices fell in February for the first time in 131 months, which could bring more buyers to the market just in time for spring, according to NAR’s latest housing report. Existing-home sales ended a yearlong decline in February, posting gains for the first time in 12...
REPORT: February Home Sales and Price Data
More favorable interest rates perk up California home sales for third straight month in February, C.A.R. reports Existing, single-family home sales totaled 284,010 in February on a seasonally adjusted annualized rate, up 17.6 percent from January and down 33.2...
Real Estate Forecast Summit
We know that every day in the life of a REALTOR® is tightly scheduled and often unpredictable. That’s why we’re distilling into one hour the most recent data on the commercial markets, with insights that will help you navigate 2023 with confidence. Clear your calendar...
Six California Cities Where Homebuyers have a better shot at scoring a deal
Key highlights According to Black Knight, 14 of the 50 largest US markets have seen home prices fall by 6% or more. The San Francisco Bay Area leads the nation with the largest drop in home prices. Softening home prices in some of the most expensive cities will...
Housing Market: At a Glance
The Latest Housing Market Reports for Oxnard, Ojai, Camarillo, and Ventura. OXNARDAccording to recent reports, the housing market in Oxnard, California, is experiencing a high demand for housing, resulting in a shortage of available homes for sale. This has...
Single Family Sales Drop Sharply Year-Over-Year
Sales of existing single-family homes in California edged up from the prior month, despite dropping sharply from a year ago. While recent pending sales statistics suggest continued improvement in home sales in the coming months, a renewed concern that the Federal...