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California’s Housing Affordability Level at 16-Year Low

California’s Housing Affordability Level at 16-Year Low

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing affordability in California sank to its the lowest level in nearly 16 years, according to new data from the California Association of Realtors (CAR). Less than one in five (16%) home buyers could afford to purchase a median-priced, existing single-family home...
California Home Sales Up in May

California Home Sales Up in May

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

California’s housing market rebounded in May with home sales rising to the highest level in eight months and the statewide median price remaining above $800,000 for the second straight month. According to new data from the California Association of Realtors,...
California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

by Phil Hall | Jun 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Association of Realtors (CAR) has criticized the state legislature for omitting a homeownership assistance program in its 2023-24 state budget. The trade group issued a statement that declared it was “disappointed that the legislature failed to...
California’s Median Home Price Back Above $800K

California’s Median Home Price Back Above $800K

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

The California statewide median home price climbed above the $800,000 level for the first time in six months during April, according to data from the California Association of Realtors (CAR). Last month’s $815,340 median home price was up by 3% from March’s...
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