Items Tagged with 'California'

ARTICLES

  • Toll Brothers, the bell that tolls for luxury market

    Contracts plummet 36% in California as buyers worry about economy
    Toll Brothers, the largest U.S. luxury homebuilder, reported purchase agreements fell 3% nationally in the third quarter from a year earlier, and in California, where some of its priciest developments are located, contracts plummeted 36%. Toll’s average home price was $882,648 in the quarter, the company said.
    Read More
  • Rent in the Big Apple hits 3-year high

    The nation's median monthly rent for a one-bedroom climbs to $1,223
    The nation’s median rent prices for a one-bedroom and two-bedroom unit rose 1.1% and 0.5% in August. Although San Francisco secured the largest monthly growth rate, Zumper's National Rent Report indicates it was really New York that experienced the most substantial increase.
    Read More
  • These are the ZIP codes where homeowners hold the most equity

    No surprise, California markets top the list
    More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019, according to the latest from ATTOM Data Solutions. That means that 14.4 million U.S. properties are equity-rich. Here's where the greatest number of them are located.
    Read More
  • Borrowers in these cities save the most by shopping around for mortgages

    Golden State reigns supreme in savings, especially in San Francisco
    In a recent analysis, LendingTree utilized its Mortgage Rate Competition Index to reveal the difference in rates and potential savings for mortgage shoppers in the 50 largest housing markets across the country. According to the company’s findings, the average homebuyer can save as much as $31,000 over the lifetime of a loan by shopping around for a mortgage.
    Read More
  • This is where Millennials want to live

    NAR analysis details factors are driving Millennial migration
    A recent report from the National Association of Realtors reveals that Millennial homeownership migration is primarily motivated by market affordability and strong job prospects. Find out which housing markets most appeal to Millennial homeowners here.
    Read More
  • Want to sell your home for more? Go green

    More than 80% of homebuyers say energy efficient features are a must
    Going green pays, especially if you’re trying to sell your home, according to a recent Zillow analysis. The study found that homes with solar energy systems sold for 4.1% more on average than their counterparts in 2018.
    Read More
  • Redfin: West Coast homebuyers are winning the bidding wars

    In Q1, Americans had the highest first-offer success rate in the last three years
    As lackluster home sales push inventory growth in the nation’s housing markets, new data from Redfin suggests purchasing competition has begun to ease in nearly every metro across the country. This is especially so for the West Coast, which saw the biggest year-over-year increases in first-offer success rates.
    Read More
  • This is how public transportation is transforming California's housing market

    The share of L.A. County listings mentioning transit-related keywords has doubled since 2013
    It's spring home-buying season and thousands of prospective buyers have taken to California's housing market. Although many factors will influence their purchasing decisions, new data from Trulia indicates that the percentage of Los Angeles homebuyers searching for homes near public transportation is on the rise.
    Read More
  • San Francisco Chronicle: California can’t divert mortgage relief funds to pay off state debt

    Court says state must use $331 million to help homeowners
    California took the money from the 2012 settlement and, instead of using it for mortgage relief, used it to balance the state’s financial ledgers. “Nice try, Sacramento, but the rules don’t work that way when it comes to diverting public money to ease bureaucratic pain,” the Chronicle’s Editorial Board said in an opinion piece.
    Read More