California’s rental market is showing modest signs of improvement, but Rental Market Shows Signs Of Improvement remains a mixed picture for many families across the San Gabriel Valley. While apartment availability has increased in many markets, high housing costs continue to keep many residents renting longer because buying a home remains out of reach. A…

Many California homeowners are choosing to improve their current homes instead of buying new ones. Home Remodeling Leads Construction Growth reflects a shift in the housing market as elevated mortgage rates and limited housing inventory continue influencing decisions across the San Gabriel Valley. Recent construction data show residential investment continued to strengthen, driven largely by…

For many young adults, the dream of owning a home is slipping further away. Young Californians Face Growing Barriers to Homeownership is becoming a reality across the state as home prices continue to outpace wage growth and affordability reaches historic lows. A recent Pew Research Center survey found that 89% of adults younger than 40…

California housing activity softened during the week ending June 6, while new inventory continued to grow, according to the latest report from the California Association of Realtors. California Housing Activity remains mixed as buyers face affordability challenges and sellers bring more properties to market. The statewide report shows 526 closed sales per day, down 7.5%…

California Median Home Prices reached a new statewide record in April as the median cost of an existing single-family home climbed above $900,000 for the first time since last spring. New data from the California Association of Realtors showed the statewide median price increased 2.9 percent from March to $914,810 in April. The latest report…

California Housing Affordability Gap continues to challenge homebuyers as a new national housing metric shows many middle-income households remain priced out of the market. The National Association of Realtors and Realtor.com introduced a new Listing-Income Alignment Score that measures how closely available home listings match the income levels of local residents. A score of 100…

U.S. homebuilder sentiment improved slightly in May as developers reported stronger buyer interest and better sales expectations. Homebuilder Confidence Improves Despite ongoing concerns about mortgage rates, construction expenses, and broader economic uncertainty, according to the latest National Association of Home Builders and Wells Fargo Housing Market Index. The monthly index rose three points from April…

California’s housing market showed uneven activity during the week ending May 16 as pending sales declined while new listings and buyer activity posted modest gains. California Housing Inventory Shows signs of stabilization in some regions even as affordability concerns continue to slow overall market momentum. The latest statewide market snapshot came from the California Association…

Foreclosure activity increased from last year across the United States in April, a sign that some homeowners still struggle with high housing costs and rising monthly bills. California Foreclosure Rates Rise as new data from ATTOM Data Solutions showed foreclosure filings climbed annually even as activity slowed from March. ATTOM reported 42,430 U.S. properties with…

California New Home Demand increased in March as buyers responded to lower prices and builder incentives despite elevated mortgage rates. New federal housing data showed sales of newly built single-family homes reached a seasonally adjusted annual rate of 682,000 last month. The March total marked a 7.4 percent increase from February’s revised rate of 635,000…