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Blog Entries by Andrew LePage

California Million-Dollar Home Sales Climb to a Q1 Peak as Stocks Soar

Luxury Sales Hit Highs While Sub-$500,000 Deals Dip to a 9-Year Low

Andrew LePage    |    Housing Trends

CA $2M + Home Sales Hits Q1 Record

As many Californians struggled to gain a foothold in homeownership early this year, a surging stock market and other forces lifted sales of $1 million-plus homes to the highest level ever for a first quarter.  

The number of California homes that sold for $1 million or more totaled 10,562 during the January-through-March period, up 11.7 percent year over year and the highest on...

SoCal Caps 2016 with Steady Home Price Growth and Modest Sales Gain

Some Areas Appear Modestly “Overvalued” Relative to Incomes

Andrew LePage    |    Housing Trends

SoCal Counties YOY Change in Home Prices

Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record luxury sales, and lower levels of investor purchases and distressed sales. But inventory remained tight, exacerbating the affordability crunch, and there were stronger signs of a disconnect between home...

Gravity Returns to San Francisco Housing Market

Biggest Risks Could Be External – Jobs, Stocks, Interest Rates

Andrew LePage    |    Housing Trends

SF Home Price Growth Has Slowed

San Francisco’s formerly red-hot housing market has cooled a bit since the county’s median sale price hit a record $1.3 million this April – one of the highest medians ever for a sizable U.S. county.

Sales of existing San Francisco County homes through August fell about 8 percent from the same period last year, while prices have edged lower since April and in...

“Typical Mortgage Payment”: A Historical Comparison of the Monthly Payment to Buy a Home

Adjusting for Inflation and Mortgage Rates Adds Perspective

Andrew LePage    |    Mortgage Performance

After several years of gains, home prices in some parts of the country are either approaching a peak or have already set a record this year. San Francisco, Seattle, Boston and Dallas were among the areas that hit new median price highs in 2015. Understandably, this has triggered renewed concerns over the impacts of waning affordability.

However, when viewed from the perspective of the...

California October Home Sales Downshift

Sales Dip Month to Month; Inch up Year Over Year

Andrew LePage    |    Housing Trends

California Home Sales During October Each Year

After a strong summer, California home sales weakened a bit in October, the likely result of inventory and affordability constraints, mainly.

An estimated 39,191 new and existing houses and condominiums sold statewide in October 2015. That was down 4.1 percent from 40,879 sales in September 2015 and up 2.3 percent from 38,305 sales in October 2014, CoreLogic public records data...