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 8, 2023 | Industry News
Mastering Market Dynamics REALTORS Embrace Data and Adaptability for Success Chief Economist Jordan Levine emphasizes data-driven decision-making over negative headlines. Today’s market presents an array of unique challenges REALTORS® must navigate in order to find...
by Dustin Balloun | Aug 2, 2023 | Market Reports
California Housing Market Analysis California Housing Market Stays Resilient Amidst Rising Rates and Inventory Shortage Click to enlarge. Key highlights Federal Reserve raises the Fed Funds Rate, marking a significant shift in monetary policy. California’s...
