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,…

Average long-term U.S. mortgage rate falls to 7.29% in fourth straight weekly drop

The average long-term U.S. mortgage rate fell for the fourth time in as many weeks, more positive news for prospective home buyers who have been held back by sharply higher borrowing costs and heightened competition for relatively few…

Home Sales Pick up in Los Angeles and and surrounding areas

Sold homes and listings for the Los Angeles market continued its year-long decline in October, but there was some good news in a marketplace of scarce inventory. Two categories of the single-family home segment experienced gains for the first…

Can’t afford a house? Here’s how that happened

The high cost of housing is driving Southern California’s biggest challenges. Income is not keeping pace with housing costs. It hasn’t for at least two generations, and the problem of unaffordable shelter shows few signs of letting up. There’s…

Airbnb hosts are charging higher rates and raking in big payouts amid city crackdown

Running an Airbnb in L.A. has never been more profitable. As the city tries to crack down on illegal listings, and advocacy groups complain about the company’s effect on L.A.’s housing crisis, hosts are charging higher rates than…

California lawmakers put funding for ADUs in flux. What you need to know

A popular state grant program to help low- and moderate-income California homeowners build accessory dwelling units may end up with $25 million in new funding following a tussle over dollars in the state budget. The California Housing Finance…