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…

Home sellers are cutting list prices as more buyers take pause: ‘The market is not the same’

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost. The growing number of price cuts, a trend…

Does California have enough water for lots of new homes? Yes, experts say, despite drought

To some, it defies common sense. California is once again in the middle of a punishing drought with state leaders telling people to take shorter showers and do fewer loads of laundry to conserve water. Yet at the same time, many of the same…

The house was listed at $1.2 million. The sale price? Even crazier than you might think

The modest South Pasadena house went on the market at just under $1.2 million and sold for a hair above $2.5 million, and when I wrote about it last month, I wasn’t surprised by the reaction. I suggested that with crazy Southern California…