California housing affordability dips in second quarter 2019, C.A.R. reports

· Thirty percent of California households could afford to purchase the $608,660 median-priced home in the second quarter of 2019, down from 32 percent in first-quarter 2019 but up from 26 percent a year ago. · A minimum annual income of $122,960 was needed to make monthly payments of $3,070, including principal, interest and taxes […]

California home sales retreat in June, but 2019 housing market outlook revised upward, C.A.R. reports

– Existing, single-family home sales totaled 389,690 in June on a seasonally adjusted annualized rate, down 4.2 percent from May and down 5.1 percent from June 2018. – June’s statewide median home price was $611,420, virtually unchanged from May and up 1.4 percent from June 2018. – Year-to-date statewide home sales were down 5.9 percent […]

California housing affordability climbs in first quarter 2019, C.A.R. reports

California housing affordability climbs in first quarter 2019, C.A.R. reports

LOS ANGELES (May 14) – More Californians could afford to purchase a home in the first quarter of 2019 as lower mortgage interest rates and cooler seasonal home prices combined with higher income levels to improve California housing affordability, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford […]

California home sales, median price moderate in March, C.A.R. reports

– Existing, single-family home sales totaled 397,210 in March on a seasonally adjusted annualized rate, down 0.2 percent from February and down 6.3 percent from March 2018. – March’s statewide median home price was $565,880, down 5.9 percent from February and up 0.2 percent from March 2018. – The Unsold Inventory Index was 3.6 months in March, […]

California home sales rebound in February; median price dips, C.A.R. reports

Latest housing update from C.A.R. Existing, single-family home sales totaled 399,080 in February on a seasonally adjusted annualized rate, up 11.3 percent from January and down 5.6 percent from February 2018. February’s statewide median home price was $534,140, down 0.6 percent from January and up 2.2 percent from February 2018. Statewide active listings grew at […]

California home sales fall to lowest level in more than 10 years, C.A.R. reports

– Existing, single-family home sales totaled 357,730 in January on a seasonally adjusted annualized rate, down 3.9 percent from December and down 12.6 percent from January 2018. – January’s statewide median home price was $538,690, down 3.4 percent from December and up 2.1 percent from January 2018. – Statewide active listings rose for the 10th straight month, increasing […]