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 […]

Message from C.A.R. President, Jared Martin

Message from C.A.R. President, Jared Martin

Thank you to all of you who attended C.A.R.’s Legislative Day in Sacramento last week. Your attendance made it a great success! Nearly 2,500 of you turned out to hear Gov. Gavin Newsom address us in the morning. Following this year’s theme, “Homeownership Matters,” Newsom spoke about the state’s housing shortage, calling it a “crisis moment.” […]

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, […]

C.A.R.’s CCRE Catalyst Report Now Available

C.A.R.’s Center for California Real Estate recently released its Catalyst Report, which disseminates the wealth of innovative solutions produced from CCRE’s Real Estate Summit. The Catalyst Report is designed to be used as a resource for stimulating positive housing action within REALTORS®’ own communities, including business, political and social circles. Treat each objective as a […]

C.A.R. news release: 4th quarter 2018 housing affordability

This is a press release from California Association of Realtors® February 12, 2019 California housing affordability inches up in fourth quarter 2018, C.A.R. reports LOS ANGELES (Feb. 12) – Lower seasonal home prices allowed more Californians to afford a home purchase in the fourth quarter of 2018 compared to the previous quarter, but higher interest […]