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Latest Market Report
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...
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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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...
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California home sales inch up in January
California home sales inch up in January for the second straight month as prices moderate further, C.A.R. reports Existing single-family home sales totaled 241,520 in January on a seasonally adjusted annualized rate, up 0.4 percent from December and down 45.7 percent...
4th Quarter Housing Affordability Report
A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports Key highlights: Seventeen percent of California households could afford to purchase the $790,020 median-priced home in the fourth...