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California Home Sales Plummet to 16-Year Low

California Home Sales Plummet to 16-Year Low

by Phil Hall | Dec 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s existing home sales in November recorded their greatest monthly decline in the past year and plummeted to the lowest level since the Great Recession, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing,...
Sales Flat, Prices Up in California’s Housing Market

Sales Flat, Prices Up in California’s Housing Market

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,770 in October, according to new data from the California Association of Realtors (CAR). This is up by a mild 0.3% from the 240,940...
California’s Housing Affordability Drops to 16-Year Low

California’s Housing Affordability Drops to 16-Year Low

by Phil Hall | Nov 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing affordability in California slumped to its lowest level since 2007, according to data from the California Association of Realtors (CAR). Fewer than one in five home buyers (15%) were able to afford a median-priced, existing single-family home in California...

California Association of Realtors Provides More Funding for Closing Cost Assistance Program

by Phil Hall | Oct 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Association of Realtors (CAR) announced the allocation of an additional $500,000 from its Housing Affordability Fund (HAF) to be used for closing cost assistance by eligible first-time California homebuyers from underserved communities. Under the...
California Home Prices Record First Year-Over-Year Uptick Since October

California Home Prices Record First Year-Over-Year Uptick Since October

by Phil Hall | Aug 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s median home price exceeded $800,000 in July for the fourth straight month and recorded its first year-over-year gain in nine months, according to new data from the California Association of Realtors (CAR). The statewide median price was $832,340...
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