They bought homes with the intention to refinance. Now they’re stuck

Steven and Katherine missed out on the ultra-low mortgage rates of the pandemic. By the time the couple secured solid jobs and could buy a home, borrowing costs more than doubled. Rather than wait, the former renters jumped into homeownership…

In a first, most California houses sell for over $900,000

Want a house in California? It’ll likely cost you over $900,000. The statewide median sales price for a previously owned single-family house surpassed $900,000 for the first time in April, a shocking figure that underscores just how unaffordable housing…

All-cash offers, wealthy buyers push Southern California home prices to a record

Southern California home prices hit a record in March amid sky-high mortgage interest rates, a combination that’s creating the most unaffordable housing market in a generation. The average for the six-county region reached $869,082 in…

California is building fewer homes. The state could get even more expensive

Kahan makes a living building homes. It can be a good business, but lately less so. “We have pulled back,” said Kahan, the president of California Landmark Group. “The metrics don’t work.” Across California and the nation,…

Should you sell your home now or wait for the Realtor settlement this summer?

Listing your home in the spring used to be a no-brainer. But a major real estate shakeup is complicating the equation. That shakeup is coming from a $418 million settlement the National Association of Realtors announced last week with groups…

Looking to buy or sell a home this spring? Here’s what to expect

Spring is less than a month away, and with it typically comes a busy time to buy and sell a home in Southern California. The holidays have passed. The weather is warmer. At least in theory, families should have enough time to find a home,…

Why Westlake Village And Thousand Oaks Continue To Attract California’s Luxury Buyers

Realty Group, headquartered in Westlake Village, California, has welcomed luxury buyers to both the Los Angeles and Ventura counties for 30 years. Like many Southern California brokerages, Realty Group has experienced exponential growth during…

2023 was slowest year for U.S. home sales in nearly 30 years as high mortgage rates frustrated buyers

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans. The…

Home prices hit record highs in 4 Southern California counties

Orange, San Bernardino, San Diego and Ventura counties matched or beat previous records. Santa delivered a lump of coal to the Southern California housing market, with prices rising to even more unaffordable levels despite…

Falling mortgage rates lend a helping hand to home buyers

Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The average interest rate on the popular 30-year fixed mortgage clocked in at 6.67% for the week ended Dec. 20,…