News Real Estate

Only 24% of Californians Can Afford to Buy House

As California’s median home price set a new high in March and interest rates reached their highest levels in more than two years, the housing affordability outlook for Californians was diminished in the first quarter of 2022, according to the California Association of Realtors (C.A.R.). The percentage of home buyers who could afford to purchase a […]

News Real Estate

Rental Prices Up 20% in Past Two Years

SANTA CLARA — U.S. rental prices grew by nearly 20% from March 2020 to 2022 during the pandemic, according to the Monthly Rental Report. Additionally, two-year rental trends indicate some redistribution of higher rents across the 50 largest markets during COVID, as renters migrated from expensive big tech cities to relatively more affordable areas. Sun Belt metros topped […]

News Real Estate

March Home Prices for Top 50 Metro Areas

SANTA CLARA — Home prices hit $405,000 for the first time ever in March, but data reveals there is some hope on the horizon for pandemic-era buyers. With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this […]

News Real Estate

National Home Prices Hit All-Time High in February

SANTA CLARA — The U.S. median home listing price hit a new all-time high of $392,000 in February, according to the Monthly Housing Trends Report. Home prices grew at an unusually-fast February pace before the busy spring season in many of the 50 largest metros, led by Las Vegas, Miami and Tampa, with annual increases of at least 31% each. […]

Real Estate

146 Cities Pass Million Dollar Home Mark

A record 146 U.S. cities became new “million-dollar cities” in 2021, according to real estate website Zillow. There are now 481 cities in which the typical home value is at least $1 million. Nearly half are in California. If current rates of appreciation hold, 49 more could join the $1 million club by midyear. The number of […]

News Real Estate

South Lake Tahoe is Most Popular on Zillow for 2021

South Lake Tahoe is real estate site Zillow’s most popular place of 2021, leading a West Coast near sweep of the most in-demand places of the year, including the most popular vacation town, beach town and small town. Based on Zillow page-view traffic, available housing inventory, price appreciation and other housing barometers that indicate consumer demand, […]