by Dustin Balloun | Aug 26, 2024 | Industry News, Market Reports
California home sales reach five-month high as mortgage rates hit lows, C.A.R. reports Existing, single-family home sales totaled 279,810 in July on a seasonally adjusted annualized rate, up 3.6 percent from 270,200 in June and up 4.1 percent from 268,840 in July...
by Dustin Balloun | Aug 19, 2024 | Market 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...
by Dustin Balloun | Feb 6, 2024 | Market Reports
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs Report The Federal Reserve left interest rates unchanged at their recent meeting and signaled that they will be closely monitoring the data for improving signs on inflation to...
by Dustin Balloun | Feb 6, 2024 | Industry News
Bipartisan Tax Package Proposes Expansion of Low-Income Housing Tax Credit On Friday, Jan. 19, the House Ways and Means Committee marked-up H.R. 7024, the Tax Relief for American Families and Workers Act. The bill now heads to the House of Representatives’ floor for...
by Dustin Balloun | Aug 8, 2023 | Industry News, Market Reports
NAR Economist 2023 Housing Market Trends: Rising Rates and Inflation Rising interest rates and inflation set the stage for a nuanced real estate landscape in 2023, with tempered home price growth and heightened competition on the horizon. Lawrence Yun, NAR’s Chief...
