Real Estate
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California Housing Market Slowdown Hits SGV
The California Housing Market Slowdown continued last week as closed sales, pending sales, and new listings all declined across the state. New data from the California Association of Realtors showed weakening activity ahead of the busy summer season. The report for the week ending May 9 found closed sales per day dropped 18.5 percent statewide.…
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Federal Reserve Holds Rates Steady Amid Division
Federal Reserve holds rates steady amid division as policymakers voted to keep the federal funds rate unchanged at their latest meeting. The Federal Open Market Committee maintained the benchmark interest rate in a range between 3.5% and 3.75%. The decision reflects ongoing efforts to balance inflation concerns with labor market stability as economic signals remain…
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California Housing Market Sees Weekly Slowdown
California housing market sees weekly slowdown as new data shows declines in sales activity and modest changes in pricing across the state. The latest report from the California Association of Realtors shows closed sales averaged 528 per day for the week ending May 2, a 2.4% decrease from the prior week. Pending sales dropped more…
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Los Angeles County Market Shows Mixed Trends
The Los Angeles County housing market showed mixed signals in February 2026, with prices declining slightly while inventory and buyer activity presented uneven trends, according to a new report from the California Association of Realtors. The report found the median price for single-family detached homes reached $842,660 in February. That reflects a 4.2 percent drop…
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Home Insurance Costs Strain Local Homeowners
Rising home insurance costs are forcing many Americans to make difficult financial decisions, according to a recent study by Insurify. The findings reflect growing pressure on household budgets, a trend that may also affect homeowners across the San Gabriel Valley. The study found that 59% of U.S. homeowners saw premium increases in 2025. As costs…
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Federal Reserve Rate Decision Signals Inflation Risk
The Federal Reserve held its benchmark interest rate steady at its latest meeting, citing rising inflation risks tied to escalating tensions in the Middle East. The decision reflects growing caution among policymakers as higher oil prices complicate the economic outlook. The move carries implications for housing markets in the San Gabriel Valley, where borrowing costs…
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Senate Housing Affordability Bill Advances
The U.S. Senate approved sweeping housing legislation last week aimed at expanding housing supply and lowering costs across the country, a move that could eventually affect housing conditions in the San Gabriel Valley. The Senate passed the 21st Century ROAD to Housing Act with bipartisan support Thursday, marking the most significant federal housing legislation in…
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San Gabriel Valley Housing Market Cools Slightly
The San Gabriel Valley housing market showed signs of cooling last week as sales activity declined across California, according to the latest statewide report from the California Association of Realtors. The weekly market snapshot for the period ending March 14 shows fewer closed sales, fewer new listings, and slightly slower buyer activity statewide, trends that…
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Mortgage Rates Lift Housing Buyer Optimism
Americans are feeling more optimistic about the housing market as mortgage rates fall below a key level. Still, high home prices continue to prevent many buyers from entering the market. A recent national survey found that nearly two-thirds of Americans were aware that mortgage rates dropped below 6 percent in late February. The decline appears…
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California Housing Affordability Index Improves
California housing affordability showed modest improvement at the end of 2025, offering cautious optimism for homebuyers across the San Gabriel Valley. According to fourth-quarter data, the statewide Housing Affordability Index rose to 18 percent in Q4 2025. That marks a one percentage point increase from the third quarter and a two-point gain compared with the…