Southern California home prices fall for a 6th straight month

Southern California home prices fell for a sixth-straight month in November, wiping out most of the price gains achieved during the first half of the year. The median price of a Southern California home – or the price at the midpoint of…

Southern California home prices dip in November

Southern California home prices fell in November, marking the fifth time in six months that prices declined amid a broad slowdown in the housing market. The six-county region’s typical home price dropped 0.9% from October to $815,911 last…

How much do you need to earn annually to afford a house in Los Angeles and surrounding areas

The annual income needed to buy a home in Los Angeles skyrocketed past $220,000, a recent study found, with higher mortgage rates and inflation cutting deeper into household incomes. That means the ability to own a home is a goal inching…

Why it may be time to buy into the slumping real estate market

As the U.S. housing market says goodbye to low mortgage rates—and home sales slump as a result— here's the big question: Is it now time to invest in residential real estate? “For investors…

Inside the incredibly shrinking Southern California starter home

For decades, the single-family home has been Southern California’s ultimate lure — a chance to live a life of sun and sand from the comfort of your very own property. Most buyers’ ticket into that life is the starter home.…

U.S. long-term mortgage rates up for 6th week; 30-year at 6.7%

Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. Mortgage buyer Freddie Mac reported Thursday that…

Southern California home price growth slows as August sales drop to 27-year low

Last year, the Southern California housing market looked like a runaway train, with bidding wars driving home prices higher and higher, and desperate buyers waiving loan contingencies and even inspections. Faced with rising mortgage rates,…

Sellers strike? Some homeowners back out of a slowing housing market

As the housing market has slowed across Southern California and the country, sellers have had to adjust their expectations. Homes that would have received dozens of offers at the beginning of the year get just a few these days. Other properties…

California rents could skyrocket 10%. Blame inflation

When Antioch, Calif., resident Teresa Cardenas found a notice on her door May 31 informing her that starting Aug. 1 her rent would go up from $1,181 to $1,542 a month — a more than 30% increase — she was shocked and panicked. Cardenas,…

Think rent is rising fast? It’s worse than you think (and inflation might be too)

Across the country, renters looking for new homes are facing dizzying double-digit rent increases. But you wouldn’t know it from the official federal tally of inflation data. In the last eight months, the rate of change in annual rental…