California Housing Market: What’s Happening In 2023?

July 10, 2023 By Josh Patoka – As first seen on Forbes Advisor The California real estate market is one of the most expensive in the U.S. that’s adjusting to higher mortgage rates and rising inflation. However, the Golden State housing market remains healthy in its various regions, including the tech-savvy Bay Area and multi-faceted…

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California Housing Market Report

By Gord Collins  June 21, 2023 Housing Market California May’s home sales and price report from CAR shows more red ink, continue to reflect how depressed the California real estate market has become. First time buyers affordability has continue its downward path as rates stay high and prices edge up. The biggest reduction in affordability year…

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California’s Housing Market Gets a Lifeline

BY GIULIA CARBONARO ON 6/20/23 AT 9:17 AM EDT he Federal Reserve’s recent decision to pause its aggressive rate-hiking program could offer a lifeline to the struggling California housing market, an expert told Newsweek. After raising interest rates 10 consecutive times since March 2022, the Fed announced last week that it would leave its key rate unchanged, as…

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California Housing Market: Prices, Trends, Forecast 2023

June 21, 2023 By Marco Santarelli The California housing market has shown signs of recovery in May, with home sales reaching the highest level in eight months and the median home price surpassing $800,000 for the second consecutive month. Despite the year-over-year decline in sales and price, the market is demonstrating resilience and stability. The stats indicate a rebound…

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8 Places in California Where Home Prices Have Plummeted

Mon, Jun 12, 2023 By Jake Arky This article originally appeared on GOBankingRates.com: 8 Places in California Where Home Prices Have Plummeted California is one of the states in the U.S. where dreams really do come true. From the majestic sceneries up and down the coastline to the variety of fresh foods and the industries of Silicon Valley…

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Southern California home prices have been falling. Are the drops over?

MAY 25, 2023 BY ANDREW KHOURI STAFF WRITER (LA TIMES) (This article originally appeared here: https://www.latimes.com/california/story/2023-05-25/southern-california-home-prices-have-been-falling-but-are-the-drops-over ) Last year, rising mortgage interest rates chilled the previously hot Southern California housing market. Buyers backed off, sales plunged and, for the first time in a decade, home prices underwent a sustained slide. By one measure, prices in the six-county region…

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Fed’s pause on interest rates is a blow to affordable housing in California

June 15, 2023 By Ana Teresa Sola (This article orginally appeared here: https://www.cnbc.com/2023/06/15/rising-interest-rates-affect-california-housing-market-.html ) Key Points: Mortgage rates are likely to remain high despite the Federal Reserve’s pause on interest rate hikes. While that may be good sign for fixed-income funds in California, the pause is a blow to affordable housing in the state, said…

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