September 2023 Home Sales and Price Report

by rb | Oct 18, 2023 | California Real Estate Press, Ventura County Real Elestate Press

California home prices hold steady as high-interest rates continue to test the housing market, C.A.R. reports Existing, single-family home sales totaled 240,940 in September on a seasonally adjusted annualized rate, down 5.4 percent from August and down 21.5 percent...

C.A.R. Market Minute Write-Up 09/25/2023

by rb | Sep 26, 2023 | California Real Estate Press, Ventura County Real Elestate Press

September 25, 2023 – California Association of REALTORS® forecast improvement in the outlook for sales and prices at the Reimagine! Conference in Anaheim as interest rates will begin to ebb in 2024 and housing inventory and sales pick up. However,...

C.A.R. Market Minute Write-Up 09/18/2023

by rb | Sep 18, 2023 | California Real Estate Press, Ventura County Real Elestate Press

September 18, 2023 – Home sales in California had another soft month in August as interest rates surged to the highest level in 22 years late last month before calming down slightly in the past two weeks. Home prices continue to recover, nevertheless, with the...

C.A.R. 2023 July Home Sales Report

by rb | Aug 21, 2023 | California Real Estate Press, Ventura County Real Elestate Press

California median home price registers first annual price gain in 9 months;statewide sales take a step back in July, C.A.R. reports – Existing, single-family home sales totaled 269,180 in July on a seasonally adjusted annualized rate, down 3.0 percent from June...

C.A.R. 2023 June Home Sales Report

by rb | Jul 29, 2023 | California Real Estate Press, Ventura County Real Elestate Press

The statewide median price remains above $800,000 for the third straight month, and the year-over-year price decline is the smallest since January 2023. Existing, single-family home sales totaled 277,490 in June on a seasonally adjusted annualized rate, down 4.1...

State Farm, Allstate stop selling home insurance to new customers in CA

by rb | Jun 8, 2023 | California Real Estate Press, Ventura County Real Elestate Press

CAR.ORG | March 27, 2023 – State Farm and Allstate have announced they will no longer sell new home insurance policies in California because of wildfire risks and an increase in construction costs. Here are some facts:State Farm and Allstate are not leaving the...