For release:February 7, 2025  Higher mortgage rates and elevated home prices tamp down California housing affordability in fourth-quarter 2024, C.A.R. reports Fifteen percent of California households could afford to purchase the $874,290 median-priced home in the...

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...

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, recently...

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...

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 and...

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...

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...

CAR.ORG | Higher mortgage rates and low housing inventory restrain California home sales in April, C.A.R. reportsStatewide median home price ratchets above $800,000 for first time in six months.Existing, single-family home sales totaled 267,880 in April on a...

CAR.ORG | March 27, 2023 – While home sales and employment in California continued to march forward in February, recent banking turmoil has increased uncertainty on many fronts, including the housing market.  Despite declines in long-term yields, ongoing...