As the home prices are leveling off in Southern California amid rising interest rates, Lancaster of Los Angeles County, Mission Viejo of Orange County, and Fallbrook of San Diego County are among the cities with the most home sales in May. Otto Catrina, the president of the California Association of Realtors, said the housing market…
Here Are the SoCal Cities With the Most Homes Sold in May as Market Cools Off
June 30, 2022
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These SoCal Cities Saw High Home Sales in May, as Market Cools
June 30, 2022
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As home prices are leveling off in Southern California amid rising interest rates, Lancaster of Los Angeles County, Mission Viejo of Orange County, and Fallbrook of San Diego County are among the cities with the most home sales in May. Otto Catrina, the president of the California Association of Realtors, said the housing market has…
China’s Surge in Foreclosures Could Collapse Housing Market: Expert
In recent days, a post saying mainland China has more than 10 million foreclosed homes has caused a stir on social media. Official data shows a sharp surge in foreclosures in recent years. Experts have pointed out that this indicates the possibility of a housing market collapse and a financial crisis for local governments. On…
California to Help First-Time Homebuyers With Down Payment
June 28, 2022
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SACRAMENTO—Lawmakers are pulling funds together for a billion-dollar proposal to help first-time home buyers cover their down payment, as part of the 2022–2023 state budget signed by Gov. Gavin Newsom June 27. Proposed by California Senate President Pro Tempore Toni Atkins (D-San Diego), the “California Dream for All” program would help pay 17 percent of…
In Unchartered Territory, Is the Housing Market About to Crash?
By Mark Patrick Produced by Planner at Heart and syndicated by Wealth of Geeks The housing market is heading into waters not charted in decades. We haven’t had to deal with several factors at play in a long time, including high inflation, rising interest rates, low supply, and rapidly increasing home prices. All of these factors…
Housing Market Facing Mixed Results As Pending Home Sales Fall Sharply From 2021
June 27, 2022
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Pending U.S. home sales in May edged higher, ending a six-month streak of declines, with a slight rise of 0.7 percent from April, according to the National Association of Realtors on June 27. Month-over-month regional results were mixed with a slight pickup on average, and the Northeast and Southern states experiencing a rise in sales,…
45 Housing Markets Have ‘Probability of a Price Decline,’ Says Research Firm
While home prices in the United States have appreciated by more than a third over the past two years, prices are poised to fall in several housing markets over the next 12 months, according to data analyzed by research firm CoreLogic. Among the 392 U.S. housing markets that CoreLogic analyzed in June, it found 45…
Home Equity in America Hits Record $27.8 Trillion
Total U.S. home equity has surged to a record $27.8 trillion, according to the Federal Reserve. The Fed report showed an increase of nearly 20 percent in the first quarter of 2022, the Wall Street Journal reported. The uptick is a by-product of a scorching housing market. Data from real estate analytics firm CoreLogic indicated…
Mortgage Demand Slumps to 22-year Low in Sign of Housing Market Chop
A measure of mortgage demand plunged to its lowest level in 22 years last week, new data from the Mortgage Bankers Association (MBA) showed, delivering a fresh sign that the red-hot housing market may be losing some steam. Total mortgage application volume fell 6.5 percent week-over-week, according to the MBA’s seasonally-adjusted Market Composite Index, released June…
I’m Not Doing That
Dear Dave, My wife and I are empty-nesters, and our house is too big for just the two of us now. We talked about selling the house and moving into an apartment in a multi-use development with retail and restaurants that we go to several times a week, then in a year or so, buying…
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