Market Trends
Real Estate Headlines
Rising prices create more home equity wealth for owners, the top two states are in the West; lumber prices increase, but work from home drives many home purchases in California; mortgage rates continue below 3% . . . read more at the linki . . .
Tiny homes are more popular, option for working from home; luxury home sales have increased over 85%!; See which California cities will excel in the 2021 market; California real estate prices continue to soar during the pandemic, read more at the link. . .
Are You considering moving to save expenses? Condo sales overall have increased; sellers are likely to keep the market advantage in 2021; read more at the link . . .
Housing prices are rising four times faster than median household income; mortgage demand soars after election; Consumer Finance Protection Bureau is a source for helping owners in financial stress on their webiste;
Buyers under pressure as homes sell quickly; the market is unseasonably strong in October; mortgage debt nationally at new high due to low mortgage rates; down payment assistance programs may be available through your Realtor; read more at the link. . .
Why is this such a good time to enter the market?; Double-digit home price increases fueled by a shortage of homes for sale pushed California’s third quarter housing affordability to its lowest level in nearly two years; Proposition 19 approved, read more at www.longbeachrealestate.blogspot.com; second home market heats up; read more at the link . . .
California housing market outperforms expectations in September; Bidding wars boom as homes spend less time on market; entry level homes have fiercest competition; consumer credit scores at all time high!, read more at the link...
CA home sales predicted to increase 3.3 percent in 2021, and an increase in the median price; falling behind on mortgage payments can affect owner voting; see more at the link....
2020 Annual Housing Report by California Association of Realtors
Possible precedent for future decisions about development along the region’s growing Metro rail network.
Between 2010-2015, denser urban locations grew significantly faster than residential neighborhoods
San Francisco owners converted to condos; rent control does not necessarily help those who would need it most, read from The Economist
More land and cheaper, more government financing housing support are part of the reason buying a home was within reach of the average wage earner
Credit scores for one thing, so try to raise your score! It can be done!
Most landlords are the mom-pop type, not huge greedy corporations.
Activists are Pushing for the Ballot Vote
Market Snapshot
Difference between 7% vs. 3.3%?
See a chart for both.
What are the costs of buying, and which areas have the most monthly savings?
- Find out Long Beach, Lakewood, Cerritos, Seal Beach, Huntington Beach, or Cypress home and condo market prices and trends, and what's going on with the market values at the state level, right down to your city and zip code level.
- For a current report on annual housing trends and stats for your area, please fill out the form below for zip code or city requests (in pdf format) in most south Los Angeles/north-mid Orange County cities and/or zip codes.
- This is a special REALTOR report for interested homeowners and buyers which reveals average and median prices for single family houses and condominiums.
- Want to see how prices have changed in one year, or since last month?
- Just ask for the Local Market Update so that you can see the change in price, how much housing inventory has changed, and an easy-to-view chart showing the previous 4-year trend.
