Lifestyle
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Western Housing Construction Slows As Permits Rise
SAN GABRIEL VALLEY — Western Housing Construction Slows as builders confront high costs, financing pressures and uncertain demand. July data shows a sharp national decline in housing starts, while rising permits offer a more encouraging signal. Privately owned housing starts fell 12.4% from June to a seasonally adjusted annual rate of 1.24 million units. Starts…
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California Homeowners Remain Equity Rich Despite Decline
SAN GABRIEL VALLEY — California Homeowners Remain Equity Rich despite a significant decline in housing equity during the past year. Nearly 46% of mortgaged residential properties statewide still had at least 50% equity during the second quarter. California’s equity-rich rate stood at 45.6%, according to ATTOM’s second-quarter 2026 U.S. Home Equity and Underwater Report. ATTOM…
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California Homebuyers Gain Leverage As Sales Slow
SAN GABRIEL VALLEY — California Homebuyers Gain Leverage as the state’s housing market enters the late-summer season with slower sales and softer prices. New statewide data shows buyers still face high costs, but some market conditions now offer more flexibility. California home sales fell 6% from June to July, according to the California Association of…
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San Gabriel Valley Emergency Care Faces Growing Demand
BALDWIN PARK — San Gabriel Valley emergency care is under increasing pressure as hospitals across California treat more patients without adding treatment capacity at the same pace. A newly expanded emergency department at Kaiser Permanente Baldwin Park Medical Center reflects how health systems are responding to that growing demand. Hospital officials, physicians and community leaders…
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Southern California Home Sales Shift Toward More Balance
Southern California home sales are showing signs of returning to a more balanced market after several years of intense competition, limited inventory and rapidly rising prices. Higher mortgage rates continue to affect affordability, but buyers remain active as they take more time to compare homes and negotiate favorable terms. New data from the California Association…
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California Home Affordability Squeezes Local Buyers
California Home Affordability fell sharply in the second quarter, putting homeownership farther out of reach for many families. Fewer than one in five California households could afford the state’s median-priced single-family home under the affordability index assumptions. The California Association of Realtors’ housing affordability figures put the challenge into monthly terms. A median-priced home cost…
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California Housing Market Shifts As Buyers Weigh Costs
EL MONTE — California Housing Market Shifts as high mortgage rates continue to challenge buyers across the San Gabriel Valley. Yet verified statewide data shows sales improved in June while prices retreated from May’s record high. Existing single-family home sales reached a seasonally adjusted annual rate of 279,880 in June, according to the California Association…
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California Housing Supply Tightens As Owners Stay
EL MONTE — California Housing Supply Tightens as homeowners with low mortgage rates remain reluctant to sell, limiting choices for prospective buyers. Verified statewide data shows inventory declined from a year earlier even as affordability continued to challenge households. California had 3.1 months of unsold inventory in June, down from 3.8 months in June 2025,…
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High Mortgage Rates Keep Local Buyers Waiting
High Mortgage Rates continue to influence who can buy a home and whether current owners are willing to sell. For San Gabriel Valley households, borrowing costs can reshape a home search even when property prices remain unchanged. The Mortgage Bankers Association reported that the average contract rate for a conforming 30-year fixed mortgage reached 6.76%…
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Foreign Buyers In California Shape Home Competition
Foreign Buyers In California remain an important part of the housing market as local families compete for limited homes. California ranked second nationally as a destination for international buyers in the latest National Association of Realtors report. International buyers purchased 78,100 existing U.S. homes from April 2024 through March 2025. Those purchases totaled $56 billion,…