Data comparing February 2023 to the same time last year by the California Association of Realtors (CAR) last month reveals continued softness in California real estate markets with double-digit declines in sales across the state. All regions paint a similar picture, with volume and prices dropping, and the unsold inventory index and median days on…
Orange County: Most Competitive California Rental Market in 2022
With demand far outpacing supply, finding a rental in California is an arduous task, and residents of Orange County faced the most competitive rental market in the state during 2022. RentCafe, a nationwide internet listing service specializing in rental houses and apartments, analyzed markets measuring the number of days rentals stay vacant, the percentage of…
SoCal Housing Affordability Remains Low, Rents to Hike Through 2023: Reports
As rent continues to hike and housing affordability remains low in California, capable tenants should consider purchasing a house sooner rather than later, based on the housing affordability index released last week by the California Association of Realtors (CAR). Housing affordability index is the percentage of people who can afford to buy a median-priced, single-family…
California Housing Affordability Remains Low, Rents to Hike Through 2023: Reports
As rent continues to hike and housing affordability remains low in California, capable tenants should consider purchasing a house sooner rather than later, based on the housing affordability index released last week by the California Association of Realtors (CAR). Housing affordability index is the percentage of people who can afford to buy a median-priced, single-family…
Housing Prices Surge Across California
LOS ANGELES—The median price of an existing, single-family detached home in the Los Angeles area rose to $725,000 in April, an increase of $45,000 from a month ago, mirroring a spike across California that brought the state’s median price above the $800,000 benchmark for the first time, a real estate group said May 17. The…
Housing Affordability Falls Across Southern California
LOS ANGELES—Housing has gotten less affordable in all Southern California counties, compared to a year ago, a real estate group said May 11. Statewide housing affordability reached its lowest level since mid-2018, as higher prices fueled by a shortage of homes for sale pushed the state’s median home price more than 22 percent higher on…
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