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California Housing Market Report 2022

Andrew DePietro Contributor I cover real estate, economics and cost of living. Mar 30, 2022 https://www.forbes.com/sites/andrewdepietro/2022/03/30/california-housing-market-report-2022/?sh=29ee5e582c4a With interest rates rising, the corresponding increase in mortgage rates is beginning to make itself felt in housing markets across the United States. While rising mortg...

REAL ESTATE Housing supply is finally improving, as high prices and rising rates weigh on sales!

Article here: https://www.cnbc.com/2022/05/10/housing-market-improves-as-rising-mortgage-rates-weigh-on-sales.html One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in the same month last year, the smallest year-ov...

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Home sellers are cutting list prices as more buyers take pause: ‘The market is not the same’

https://www.latimes.com/business/story/2022-06-14/california-home-buying-sellers-slash-prices BY ANDREW KHOURISTAFF WRITER  JUNE 14, 2022 5 AM PT Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost. The growing number of pri...

The Future of the Housing Market: Don’t Panic!

There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. Realtors are coming to me in a panic over clickbait-style headlines from respected journalists. I was watching a video the other day in which a journalist stated we could see a “20% decrease in housing year over year.” But they ...

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California First-Time Home Buyer: 2022 Programs and Grants

Peter Warden The Mortgage Reports Editor May 16, 2022 - 9 min read California Home Buyer Overview: The average home purchase price in California is considerably higher than in most states. So eligible first-time buyers really stand to benefit from the homeownership programs described below. California home buyer stats Average Home Sale Price in CA1&nb...

LA ranks near bottom of 2023 residential market forecast

Los Angeles / Trevor Bach December 08, 2022 02:31 PM With just weeks to go before the new year, Realtor.com on Thursday published its 2023 housing forecast for the country’s 100 largest metro areas — and L.A. ranks near the bottom. The website’s model incorporates data from local housing markets and the economy to predict year-over-year overal...

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California Dream For All! Down Payment Assistance Program 20% Quick Guide

Website for the program is here!!!! ——> https://www.calhfa.ca.gov/dream/index.htm The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. Upon sale or transfer of the home, the homebuyer repays the origina...

Navigating the California Real Estate Market: A Comprehensive Overview

Blog Written By ChatGPT The California real estate market is constantly evolving, and staying informed about its current status is crucial, especially if you're considering buying or selling a property. In this blog, we'll provide an in-depth analysis of the state of the California real estate market, including key factors such as home prices, interest rates, fire insurance, and...

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How the NAR Settlement Is Changing Homebuying and Selling

By Aly J. Yale Edited by Dawn Bradbury Reviewed by Liisa Rajala Aug. 15, 2024, at 2:04 p.m. https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers   A shakeup is looming for the real estate industry as new rules take effect this week that change how agents get paid – and it could mean...

December Real Estate Housing Update 2024

As we approach the end of 2024, the real estate landscape in Los Angeles County is shaped by the interplay of interest rates, home prices, and affordability. Here’s an overview of current trends and projections for the next 60 to 90 days. Current Mortgage Rates As of December 5, 2024, the average interest rates for Los Angeles County are: • 30-year fixed-rate mortgage: Appro...