Items Tagged with 'CAR'


  • California, your new home prices are about to spike

    By 2020, all newly built homes in California will come with solar panels
    In 2018, the California Energy Commission unanimously voted for the mandatory implementation of solar panels on virtually every newly built home in California. And although many have praised the landmark decision, some fear it will put a larger financial strain on homeowners statewide.
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  • California, your affordable housing woes are far from over

    Affordability continues to decline annually in the Golden State
    According to the Traditional Housing Affordability Index from the California Association of Realtors, the percentage of homebuyers who could afford to purchase a median-priced, existing single-family home edged up to 28% in the fourth quarter of 2018. Although this is an increase from the third quarter, the percentage is still lower than the same period in 2017.
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  • Bay Area residents consider great exodus in response to rising home prices

    Median home price hits $804,000
    A recent report from the California Association of Realtors showed the state’s infamous housing situation isn’t getting any better, with the number of people that can afford the Golden State’s averaged-priced home dropping even lower. Now, these growing home prices sparked more than half of its residents to express their desire to leave the Bay Area.
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  • Live in Silicon Valley? Check out this new first-time homebuyer grant

    Money to cover closing costs
    First-time homebuyers in the infamously tough California housing market are in luck thanks to a new closing-cost grant from local Realtors. The Santa Clara County Association of Realtors and the Silicon Valley Association of Realtors secured a $100,000 grant from the California Association of Realtors Housing Affordability Fund to aid first-time homebuyers in the area.
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  • Few California home shoppers can afford average-priced homes

    CAR: Income needed to buy a home ticks higher
    California’s infamous housing situation isn’t getting any better, with the number of people that can afford that Golden State’s averaged-priced home dropping even lower. And unfortunately for residents, in order to lock in an averaged-priced home, they would need to make north of six figures.
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  • California Realtors to Freddie: Don't support investors in the single-family home rental market

    Freddie announcement coming soon
    The California Association of Realtors called out Freddie Mac’s pending entrance into the single-family home rental market, saying the move goes directly against helping homebuyers. Fannie Mae unveiled a similar initiative back at the beginning of the years, but Freddie boasts that its program will be different.
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  • Despite inventory shortage, existing home sales surge in California

    Median home price jumps to highest level since August 2007
    For two years now, California has dealt with extremely low housing inventory, and it doesn’t look like it’s getting better any time soon. According to the latest report from the California Association of Realtors, existing home sales in California took off in June to their highest pace in nearly four years. But the increase in sales, coupled with the double-digit decline in active listings, now means June’s available housing supply is even lower.
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  • CAR: California pending homes sales drop four months in a row

    Lack of inventory trips up strong spring home-buying season
    California pending homes sales continued to trend down in April due to low housing inventory and eroding affordability. The report also came with CAR’s April Market Pulse Survey, which gave a more in-depth explanation from California Realtors on what they are witnessing in the market. Spoiler: Realtors aren’t too optimistic about the rest of the year.
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  • Need a mortgage in California? Realtors say you better earn this much money

    CAR gives regional and state affordability break down
    While it’s only a small improvement, California still managed to record an increase in home affordability. However, a look at different counties across the states shows that geographical location makes a difference. Here’s a break down of how much home shoppers need to make in order to own a home in the top counties.
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