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California Housing Market Forecast: Tight Supply and Optimistic Outlook

California Housing Market Forecast: Tight Supply and Optimistic Outlook

by Dustin Balloun | Jun 27, 2023 | Market Reports

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...
Mortgage rates fluctuate due to rate hikes and jobless claims, affecting homebuyers’ purchasing power.

Mortgage rates fluctuate due to rate hikes and jobless claims, affecting homebuyers’ purchasing power.

by Dustin Balloun | Jun 13, 2023 | Market Reports

SUMMARYJune 13, 2023  – The California housing market is experiencing some ups and downs. While jobless claims have reached a concerning level, pausing rate hikes may provide stability. Foreclosure activity is increasing but remains below levels seen during the...
Mortgage Rates Ease as Debt Ceiling Crisis Avoided

Mortgage Rates Ease as Debt Ceiling Crisis Avoided

by Dustin Balloun | Jun 6, 2023 | Industry News, Market Reports

SUMMARYDespite higher mortgage rates and economic uncertainties, the housing market in California, particularly in Ventura County, continues to thrive. The market faces tight inventory, with new listings declining and homes selling much faster than earlier this year....
California Housing Market Forecast: A Gradual Momentum Shift

California Housing Market Forecast: A Gradual Momentum Shift

by Dustin Balloun | May 23, 2023 | Market Reports

SUMMARYThe California housing market experienced a dip in sales due to higher mortgage rates and low inventory. However, there are positive rebound indications, with closed sales projected to increase in May. Housing affordability saw improvement at the start of the...
Market Resilience Shines Through Economic Challenges and Inflationary Pressures

Market Resilience Shines Through Economic Challenges and Inflationary Pressures

by Dustin Balloun | May 16, 2023 | Market Reports

SUMMARYThe California housing market faces economic challenges and inflationary pressures, impacting consumer sentiment. However, there are positive signs with increased home purchase sentiment and a decline in mortgage delinquency rates. While concerns remain, the...
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