Demand for second homes surged after the onset of the COVID-19 pandemic nearly doubling the pre-pandemic demand level in late 2020.
The California by City Home Sale Activity report is updated monthly to show the most recent sales volume and median prices for each city in most California counties, as well as county totals and prices.
Following the national trend, home prices near excellent high schools and large public universities posted double-digit gains this summer from one year earlier.
Rising interest rates and higher home prices erode home buyer affordability as fewer buyers can afford higher home mortgage costs. As a result, the diminishing demand from borrowers may lead to expansion of mortgage credit availability and mortgage risk as more borrowers are considered who may ha...
The Southern California Home Resale Activity report is updated monthly to show the most recent sales volume and median prices for existing single family and condo sales for each SoCal zip code and county.
Adjustable-rate mortgages (ARMs) are up significantly amid rising interest rates and homebuyers and investors are flocking to ARMs for better affordability and yields.
Although the real estate market showed signs of receding in Q4 2021, investors resumed their buying spree in early 2022
Non qualified mortgage loans have helped creditworthy borrowers who cannot otherwise qualify for traditional mortgage loan programs.
Price growth that outstrips rent gains over an extended period could be a sign that homes are overvalued if capitalization rate had remained unchanged.
PACE is an abbreviation for Property Assessed Clean Energy. PACE loans provide financing for green and renewable energy home improvements, although it is not limited to such. Retrofitting properties with energy upgrades is costly, and PACE provides incentives such as 100% long-term financing.
Between December 2020 and March 2022 the average mortgage rate on 30-year, fixed-rate mortgages jumped up by 149 basis points or 1.49%, whereas rates on 5/1 adjustable-rate mortgages increased by only 40 basis points for the same period. This increase in mortgage rate on FRM is incentivizing buye...