Low inventory and high mortgage rates caused a slow down in California home sales in April. Existing single family home sales totaled 267,880 in April down 4.7 percent from March and down 36.1 percent from April 2022. April's statewide median home price was $815,340 (first time in...
The Wall Street Journal reports that the Federal Reserve has indicated they will raise their benchmark federal funds rate by.75 percentage point this week. This would mark their fourth consecutive increase this year as they seek to reduce inflation by slowing the economy. The real question is...
According to the National Association of Realtors, existing-home sales fell 7.2% in February and down 2.4% from one year ago. The inventory of unsold homes was 870,000 at the end of February. The median sales price went up $357,300 up 15% from one year ago. This marks 120...
Home prices in California doubled the national average in 2021. The most significant increases were in the suburbs and smaller metro areas. Sacramento and Riverside were two of California’s most in demand cities with a 22.3% price increase over 2020. In both cities there are bigger...
Beginning today, December 15th. by order of the California Department of Public Health, masks are required to be worn indoors, regardless of vaccination status. The key requirements are: masks are required at open houses and showings regardless of vaccination status. The statewide order starts today December...
The Federal Housing Finance Agency (FHFA) announced yesterday that they will increase the 2022 conforming loan limits for Fannie Mae and Freddie Mac mortgages. They are raising the limits from $548, 250 on one-unit properties to $647,200. This cap loan amount in 2022 will be...
The Hidden Hills Real Estate Market is hot! The following 12 homes are currently for sale: 5510 Hoback Glen Road 4.25M 5 bd 5 ba 4365 soft built in 1976 on 1.2 acres 23661 Long Valley Road $4.295M 3 bd 4 ba 3003 soft built in...
According to the California Association of Realtors, home sales remained robust in October as prices leveled off and low rates continued to provide support to the housing market. Home sales in October totaled 434,170 , down 0.9 percent from September and down 10.4 percent from October...
According to NAR chief economist Lawrence Yun, the outlook for the residential real estate market for 2022 continues to be promising. He says, "All markets are seeing strong conditions and home sales are the best they have been in 15 years. The housing sector's success will...
According to Inman news, Zillow founder, Rich Barton, announced yesterday that the compauy will shut down iBuying operations and lay off 25% of its workforce. Currently, Zillow Offers, the company's iBuying service , buys and sells houses directly from consumers. According to Barton, "We've determined the unpredictability...