Southern California homebuying will have suffered its second-worst year on record when the final tally for 2024 is done. My trusty spreadsheet reviewed 37 years of CoreLogic’s regional transaction data and found 160,585 closed sales of existing and new residences in 2024’s first 11 months. Going back to 1988, that’s the second-slowest sales pace in … Read more
Dramatic change would be required to fix California’s homebuying affordability mess. My trusty spreadsheet compared home-price increases with income growth for 10 large California metropolitan areas using housing indexes by ICE, a mortgage-tech firm, and pay stats from the US Bureau of Economic Analysis. First, consider the estimated median house payment for these California metros. … Read more
The region’s median home price was up 6% in September, despite transactions falling to a near-record low, CoreLogic reported. Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: November 11, 2024 at 4:49 PM PST Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of … Read more
It was the slowest August on record, with prices up by the smallest margin in nearly a year, CoreLogic reported. Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: October 8, 2024 at 3:30 p.m. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of … Read more
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Orange County homebuyers used the third-largest down payment in the nation in June. The source: My trusty spreadsheet reviewed a Redfin analysis of how much money borrowers put into home purchases in 40 major housing markets in June – including four in Southern … Read more
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Orange County home prices are rising at the fastest pace in the nation, and you can blame the high-end buyer for that. The source: My trusty spreadsheet reviewed home price indexes from First American Data & Anaytics for 30 US cities as of … Read more
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The cost of homebuying is so insane that Ventura County’s sales are running at the slowest pace in records dating back 37 years. Source: My trusty spreadsheet looked at two-year periods of sales from CoreLogic stats stretching back to 1988 to measure how much the … Read more
Our “crystal ball” feature helps decipher numerous forecasts that ponder the future ups and downs of the economy. Buzz: Home-price appreciation is projected to slow in California and 35 other states in the next 12 months. Source: My trusty spreadsheet’s reviewed the April edition of CoreLogic’s state-by-state price indexes, which look 12 months ahead and … Read more
The budget-busting mix of rising mortgage rates and record-high prices squashed Southern California homebuying in March. The six-county region had 14,176 completed sales in March of existing and new houses, townhomes, and condos, according to data released by CoreLogic on Monday, April 29. This was off 8% from a year ago and represents the second-lowest … Read more
California home sales dropped in March, while prices continued to increase, according to figures released by the California Association of Realtors. Sales decreased on a year-over-year basis in all major regions except the Central Coast, and sales in Southern California experienced the second-biggest drop from a year ago, declining 7.8%. Statewide, existing, single-family home sales … Read more
