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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.
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 buyers to take out ARMs.
Host Maiclaire Bolton Smith talks to CoreLogic Principal Economist Molly Boesel about the top three myths that are currently circulating within the property market, and why these claims are not entirely true.
Home price growth continued to gain speed in early spring, as eager buyers tried to get in front of the mortgage rate surge. The S&P CoreLogic Case-Shiller Index posted a 19.8% increase in February, the second month of accelerated growth after a winter lull. This was the strongest February year-over-year increase since the beginning of the data series.
U.S. single-family rental prices rose by 13.1% year over year in February, the 11th consecutive month of record gains.
Host Maiclaire Bolton Smith talks to meteorologist Curtis McDonald about the challenges for insurers in accurately identifying and tracking spring hailstorms to understand the full impact of the damage that they can inflict.
