State to Issue California Dream for All Program, to fund low-earning first-time buyers’ down payment. Around $1 billion is intended to go for this program each year.
California is facing an affordability crisis. Direct government funding is aimed at building and renovating housing units, but it is getting unsustainable.
With the average mortgage rate above 5.8%, certain buyers have lost $120,000 of spending power, some even more.
Real estate experts believe in the health of US economy. There are many arguments that support this claim, especially when we compare the 2007 and 2022 markets.
Senate Bill 9, also known as the California “HOME” Act is a part of the initiative against the housing crisis in this state. However, there is opposition to it.
The drop in the luxury housing market can be explained by the rising rates, higher taxes, and overall economic uncertainty.
The HUD is planning to fight the historically large shortage of housing supply by implementing the Our Way Home initiative in local communities.
More than 70% of all homebuyers report that they felt pressure to lock in the mortgage rates, which could lead to a rise in buyers' remorse.
Most homes that sold for more than $2 million are located in California, in the Bay Area. Let’s take a look at the 6 most expensive homes sold in 2021.
There is hope for a market slow-down. According to some reports, there are more condos and townhouses - more affordable homes for first-time buyers.
It seems like high rates demotivated some homebuyers, while inflation priced some new sellers out of homeowning. Is this a sign of a market cool-off?
Rents are skyrocketing along with other living costs. It is expected that the median rent will climb to $2,000 by the end of summer.
Reports show a drop in the demand for vacation homes since the Fed increased the interest rates. Will this drop spread throughout the market?
Homebuyers need to save twice as much money for a down payment, as they did in 2020. Read this article to find out why and for how much down payments rose.
A recent Gallup poll shows that 70% of Americans think it is a bad time to buy a home. This is a record number that signifies an overvalued housing market.
Asking prices may be dropping, but aspiring homeowners have a hard time finding affordable homes. High rates are making homeownership impossible for many.
Domestic migration contributes to the rising inflation in the Sun Belt states, which makes homes there no longer affordable. Which US cities are affordable?
Real estate analyses show that US metro areas have overvalued home prices by at least 25%. Will the value drop in the next 12 months?
Do homebuyers still feel optimistic about the housing market despite a significant increase in closing fees? Find out in this article what the figures show.
Are there going to be more affordable housing for low income families? Find out what is affecting the production of housing inventory.