California home sales volume
Home sales volume continues to fall back in 2023.
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Category: Home Sales
California home sales volume: downturn solidifies in September 2023
California home sales volume in September 2023 was down 14% from the prior month — and down 20% from a year earlier.
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Homeowner insurance premiums aren’t so bad here in California — but coverage is hard to find
Outdated legislation limiting premium increases has caused major insurers to abandon California homeowners in recent months.
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Alternative fee structures to attract clients when home prices are falling
Sellers attempting to save money when prices are falling often turn to FSBOs – here’s how you can regain fee-adverse clients.
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Nine-in-ten homebuyers weigh climate risks when choosing a home
A detailed and complete NHD contains material facts about the property, about which the homebuyer needs to be informed ASAP.
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California’s for sale inventory: a symptom of seller reluctance in 2023
A shortage of willing sellers has sunk California’s for-sale inventory in 2023.
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Press Release: Negative Buyer Purchasing Power Index (BPPI) casts a shadow over home prices
Planning for the next several years in real estate transactions will require patience and a very different approach to the past decade of recovery economics driven by rate decreases.
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California residential construction starts
Multi-family and SFR construction continue to lag behind demand for new housing.
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Tightened mortgage standards lock out mid- to high-tier homebuyers, sellers
Mortgage loan availability fell in July 2023 to its lowest level in a decade for non-qualified mortgages (QMs).
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Today’s homeowners are stuck on yesterday’s rates
Sticky homeowners are unwilling to relieve the inventory shortage in 2023.
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The 20% solution: personal savings rates and homeownership
How today’s low savings rates impact California’s real estate market.
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Price cuts moderate during spring bump, with more to come
Any seller confidence gained during spring’s meager seasonal boost is premature.
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Orange County housing indicators
View these Orange County regional charts for details on current activity and forecasts for its local housing market.
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California home sales volume: June 2023 sees an end to seasonal bump
Year-to-date, sales volume is a fee-crushing 31% below 2022 as of June 2023.
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Below value appraisals are uncommon — but they are more likely in minority neighborhoods
New data shows homes are more likely to be appraised at below the contract price when they are located in minority neighborhoods.
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Close the racial homeownership gap — but not in 2023
Legislation offering homeownership opportunities as a national housing policy when prices are just past an historic peak – not a good look.
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Mortgage payments jump — and misguided buyers feel driven to overpay
Today’s homebuyers remain undeterred by rising interest rates, still-high home prices and slowing sales.
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California home sales volume: A weak seasonal bump for May 2023
California home sales volume in May 2023 was up 22% from the prior month – but down 22% from a year earlier.
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Too much of a good thing? Not possible, when it comes to housing
The vast majority of California residents support looser zoning restrictions for housing.
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The mean price trendline: guidance for when to sell
Sellers who are going to sell within the next five years need to be advised to sell now, not wait.
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