Items Tagged with 'California'

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California home sales gaining momentum

Posted fourth straight annual increase
Pending home sales in California show that existing home sales could see another increase in the fall if the momentum continues. The recent slow-down in San Francisco, however, leaves other markets to pull the momentum.
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No, California's housing market didn’t fall "off a cliff" in July

The silver lining in the state's housing market
At first look, it appears California’s housing market in July significantly struggled, with single-family homes and condominiums falling a whopping 10.4% for the month. But PropertyRadar dug a little deeper into the data, finding that while sales did decline, it wasn’t as bad as first expected.
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Fed strikes down San Fran affordable housing plan

Says it violates HUD regulations
At a time when California desperately needs affordable housing, city officials in San Francisco struggle to find a solution that will coincide with HUD’s standards. They recently passed affordable housing legislation, however federal housing authorities quickly struck it down.
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California home sales come tumbling back down to earth

Home values remain strong
Just one month after posting a nearly four-year high, home sales in California took a step backwards in the month of July, with year-to-date sales falling from the previous year for first time in 18 months, according to a new report from the California Association of Realtors.
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West coast sacrifices home affordability for a strong recovery

Top 15 performing major metro markets
The South and West, to no surprise, dominate the country in terms of highest performing markets. However, the data making the West one of the top regions is starting to change. In order to have a strong recovery, the West is sacrificing one of the factors it needs the most: affordability.
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Roughly two-thirds of Californians can’t afford to buy a home

CAR: This isn't changing anytime soon
California's affordability crisis continues to plague the state, pricing more and more would-be homeowners out of the market. How could they buy a home though? Homebuyers need to earn a minimum annual income of $100K to qualify for the median-priced, existing single-family home in the state. Think that's steep? It only gets more outrageous in the latest data from the California Association of Realtors.
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California home sales explode in June

Post first double-digit monthly growth since 2011
The Golden State experienced a very good month for real estate in June, as California existing home sales hit a nearly four-year high, according to a new report from the California Association of Realtors. But it's not all good news. Here's the full story.
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