The Wrap: Appraisal activity continues to pick up in second week of August

The Wrap: Appraisal activity continues to pick up in second week of August

New this week: The Appraisal Foundation joins HW and looks at challenges of green valuation

What should you do if your Realtor has a family emergency?

But you’re ready to make an offer now

Trending Thursday: Fed chills on Great Fall of China?

Plus bringing private capital back to Fannie, Freddie and more
W S
Lending

3 signs California housing is on the brink of something huge

Housing affordability finally cools, inventors loosen grip

California

Six years after the financial crisis and California is still feeling the leftover ripple effects of loose lending standards and an overabundance of foreclosed homes. But things are looking up.

Looking at recent report headlines, California still has a few gems to give it hope going forward.

California

1. Housing affordability finally froze.

According to the latest report from the California Association of Realtors, after six consecutive quarters of declines, California’s housing affordability held steady in the fourth quarter of 2013, finally giving buyers a second to breathe. 

The percentage of homebuyers who could afford to purchase a media-priced, existing single-family home in California remained unchanged from the pervious quarter at 32%, but was down from 48% last year, the CAR Traditional Housing Affordability Index. 

Recent Articles by Brena Swanson

Comments powered by Disqus