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…

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,…

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%…

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,…

Southern California construction spending declined in June as elevated borrowing costs continued to slow residential development across the region. The latest figures from the U.S. Census Bureau point to a cautious construction market that could limit future housing supply while demand for homes remains steady. Construction spending reached a seasonally adjusted annual rate of $2.17…

Southern California housing inventory remains constrained despite a slower housing market, helping support home prices even as mortgage rates continue to hover near 7%. The latest data from the California Association of Realtors suggests the region remains competitive because the supply of available homes has not kept pace with buyer demand. Communities across the San…

California’s new home market continued to show signs of weakness in June, even as sales across the nation posted a modest rebound. New figures indicate the Western United States recorded its slowest pace of new home sales in more than a decade, reflecting ongoing affordability challenges and cautious consumer demand. Nationally, sales of newly constructed…

California’s housing market showed broad signs of cooling during the week ending July 25, according to new data from the California Association of Realtors. The latest snapshot points to slower sales activity, fewer new listings, and continued inventory challenges across much of the state. The report found that closed sales averaged 462 transactions per day,…

Foreclosure activity increased across the United States in June compared with a year ago, though filings remain well below levels seen before the COVID-19 pandemic. The latest data suggest that higher housing costs continue to strain some homeowners, while strong equity positions and tighter lending standards continue to prevent a broader wave of defaults. According…

California Home Sales Slow as statewide housing activity weakened during the week ending July 18, with fewer homes changing hands, fewer new listings entering the market and every major region reporting lower sales, according to the California Association of REALTORS. The association’s weekly market report found declines in closed sales, pending sales and new listings…