Lifestyle
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Rental Market Stabilization Shows Signs Of Progress
SAN GABRIEL VALLEY — Rental market stabilization may be taking hold nationally after several years of shifting conditions for renters and property owners. Rents edged higher in August while apartment vacancies declined, according to the latest Apartment List Rent Report cited by the California Association of Realtors. The national median rent increased 0.1% in August…
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Mortgage Rates Climb Again Across Southern California
SAN GABRIEL VALLEY — Mortgage rates climb again as Southern California homebuyers face another affordability challenge heading into fall. Higher borrowing costs can increase monthly payments even when home prices remain unchanged or decline. The average rate on a 30-year fixed mortgage reached 6.81%, according to an Aug. 31 economic analysis from the California Association…
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El Monte Housing Market Sees Sales Rise
EL MONTE — The El Monte Housing Market recorded stronger sales in July even as home prices declined and inventory tightened. Sales of existing single-family homes increased 37.5% from July 2025, according to the California Association of Realtors. Eleven homes sold during the month, while the median price fell 5.8% from a year earlier to…
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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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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%…