Below are the July statistics for areas serviced by Citrus Valley Association of REALTORS®. Compare this to statewide statistics in the bottom figure. All information is provided to CVAR by the California Association of REALTORS®.
The annual price growth among single-family homes sold across Southern California continued to grow in June, with San Bernardino County leading the gains. The county with the region’s most affordable homes saw a robust price increase last month, according to the California Association of REALTORS®, rising to $310,000, a 5.7% increase from June 2018. That […]
The number of homes for sale in the Los Angeles area climbed more than 30% in October, according to a new report from Zillow. That suggests the region’s sky-high home prices could continue to fall, as they did in September. During the month of October, inventory (the total number of houses and condos on the market) in Los Angeles […]
In the California real estate market the “b” word is on the minds of many: Bubble. With reports of sharp declines in home sales, shrinking inventory and rising home prices, it might be an understatement to call California’s situation a puzzle, and one that may have implications for the entire country. June marked the slowest […]
Following two consecutive months of declines, existing-home sales rebounded 3% in February month over month and reached a seasonally adjusted annual rate of 5.54 million, the National Association of REALTORS® reported last week. Sales of existing homes, which include single-family homes, townhomes, condos, and co-ops, are now 1.1% higher than a year ago. “A big jump […]
NAR conducted an analysis to identify which metro areas will be most affected by the new tax law provisions. For each metro area, the calculations included the share of homes with mortgages that are worth over $750,000 and share of owners who paid more than $10,000 for real estate taxes. The map shows how many […]
The job market is solid. Average pay is rising. And mortgage rates, even after edging up, are still near historic lows. And then there’s the bad news: Just try to find a house. Over the past year, the steepest drop in supply has occurred among homes that are typically most affordable for first-time buyers and […]
by Kathryn Vasel If you’ve been on the fence about buying a home, 2016 is the year to take the plunge. Mortgage rates have been bouncing around record lows for a while now. But even though they’re likely to start going up, you haven’t missed your chance to get a deal on a house. […]