Although the Golden State's tight housing supply situation improved again in September, rising mortgage rates and buyer sentiment that the market may be topping out conspired to hold back home sales.
Tag Archive: California Association of Realtors
Most millennials think that buying a home is a top priority. Also: Mortgage rates are nearing the 5 percent mark. Check out these and other key housing headlines in Pacific Union's latest Real Estate Roundup.
Golden State home price appreciation is projected to slow to a six-year low in 2019, although rising mortgage rates will reduce affordability even further.
The number of active listings in California rose by more than 15 percent year over year in August, though prices continued to increase in every major region of the state, with the nine-county Bay Area posting the largest gain.
The U.S. housing market does not appear to be headed for another crash, though a lack of affordability remains problematic, both nationwide and in California.
Another report highlights Silicon Valley's extreme wealth, while more surprisingly, a new study says that San Francisco families have the most disposable income in the U.S. Get the rundown on the latest housing headlines in Pacific Union's weekly Real Estate Roundup.
The nine-county Bay Area continued to record substantial year-over-year price gains in July, further shutting out more buyers and causing sales activity to spike in some of the region's relatively more affordable markets.
Seventy-five percent of Americans will not buy their dream home if it does not suit their pets' needs, while a prominent industry expert calls the possibility of a housing market crash near zero. Check out the latest stories of interest in Pacific Union's weekly Real Estate Roundup.
The number of Golden State residents who could afford to purchase a home declined in the most recently completed quarter, with more than 80 percent of counties less affordable than they were one year ago.
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