Category Archives: Home Prices
Elevated interest rates and limited new listings suppress California home sales...
Source: CALIFORNIA ASSN. OF REALTORS® Elevated interest rates and a shortage of homes for sale continued to dictate the market in June, as California home sales remained below the 300,000 annualized pace for the ninth consecutive month, the...
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More buyers paying cash to win bidding wars
Source: Realtor.com Buyers who can make an all-cash offer on a home can stand out when competition is tight. Cash purchases tend to pose less risk that a deal will fall through from a low appraisal, have fewer financing hang-ups, and tend to...
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Bidding wars off the charts
Source: CNBC Buyers are increasingly facing fierce bidding wars in their hunt for a home. Even as home prices surge and competition remain tight, house hunters are undeterred. About 40% of potential buyers who’ve been searching for a...
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Housing market boom may tempt sellers to overprice
Source: Homelight It’s a seller’s market and homeowners are holding firm on the price. More than half of about 1,000 real estate professionals recently surveyed believe the biggest challenge that home sellers will face in 2021 is the...
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California Housing Market ends year on high note
Source: C.A.R. Despite a global pandemic that lingered most of the year, two lockdowns and a struggling economy, California’s housing market closed out 2020 on a high note, recording solid sales and a fifth record-high median price in...
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Real Estate Prices Soar During The Pandemic
Source: CalMatters Home prices have soared across the country since the pandemic, and across California, home prices are up by almost 20%. The Central Coast, a tight housing market to begin with, has been squeezed even tighter with prices up...
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