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California Records Highest Home Sales in Over 2 Years

by Phil Hall | Mar 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing single-family home sales in California during February totaled 283,540 on a seasonally adjusted annualized rate, an 11.6% spike from the 254,110 transactions in January and a 2.6% bump-up from the 276,280 sales in February 2024. According to the California...
California Home Sales Slumped in January

California Home Sales Slumped in January

by Phil Hall | Feb 19, 2025 | 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 254,110 in January, the lowest level in 13 months. According to data from the California Association of Realtors (CAR), last month’s total was...
Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California homebuyers could afford to purchase a median-priced, existing single-family home in the state during the fourth quarter of 2024, according to the latest data from the California Association of Realtors’ Housing Affordability Index. This is down...
Realtors Relief Foundation Allocates $1 Million to Support Wildfires Victims

Realtors Relief Foundation Allocates $1 Million to Support Wildfires Victims

by Phil Hall | Jan 30, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The nonprofit Realtors Relief Foundation (RRF) has provided a $1 million grant to the California Association of Realtors for disaster relief support of the families impacted by recent Los Angeles County wildfires. All donations to RRF made through Feb. 7 will go...
California Home Sales Up Nearly 20% Year-Over-Year

California Home Sales Up Nearly 20% Year-Over-Year

by Phil Hall | Jan 20, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California closed 2024 with the largest year-over-year spike in home sales since June 2021, according to data released by the California Association of Realtors (CAR). Last month, California recorded a seasonally adjusted annualized rate of 268,180 closed escrow sales...
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