Tag Archives: Home prices
All-cash offers push SoCal home prices to new record
Source: Los Angeles Times Southern California home prices hit a record in March amid sky-high mortgage interest rates. The average for the six-county region reached $869,082 in March, according to Zillow. That’s up 9 percent from a year...
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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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Homeownership as a vehicle to build wealth
Source: USA Today Over the last decade, the median-priced home in the U.S. gained $190,000 in value, making the typical homeowner 40 times wealthier than if they had remained a renter, according to a report by the National Association of...
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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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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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Demand for Million-dollar homes soars
Source: NPR Unfazed by the recession, wealthy Americans are looking to upsize their homes in the pandemic, according to data from the National Association of REALTORS®. As a result, demand for million-dollar homes is climbing faster than...
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