California housing market ends year on high note as sales continue strong in December and median price reaches another record high, C.A.R. reports

California housing market ends year on high note as sales continue strong in December and median price reaches another record high, C.A.R. reports – Existing, single-family home sales totaled 509,750 in December on a seasonally adjusted annualized rate, up 0.2 percent from November and up 28 percent from December 2019.– December’s statewide median home price…

Read more

Home Equity Gains in 2020

CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals U.S. homeowners with mortgages have seen their equity increase by a total of $1 trillion since the third quarter of 2019! 🤩 💰The average homeowner gained approximately $17,000 in equity over the past year, with a 10.8% increase in equity over last year.…

Read more

Snapshot of Today’s Housing Market

While the economy faces challenges from the coronavirus pandemic, the housing market has continued to show strength. According to our recent quarterly Forecast, today’s housing market is characterized by record-low mortgage rates, increased home sales and price growth and constrained inventory. But what exactly does this mean? Here are a few terms you should become…

Read more