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May 2025

San Diego-Chula Vista-Carlsbad Home Prices Down -2.1% Year Over Year in April, According to First American Data & Analytics Monthly Home Price Index Report

Home prices in the San Diego-Chula Vista-Carlsbad area fell 2.1% year-over-year and 0.8% month-over-month in April 2025. Nationally, home prices rose 0.4% month-over-month and 2.0% year-over-year, marking the slowest annual growth since 2012. Declines were largest in starter homes locally, while some affordable markets like Pittsburgh saw strong starter home price growth. Continue to full...

San Diego-Chula Vista-Carlsbad Home Prices Down -2.1% Year Over Year in April

National home prices hit a record high in April 2025, but annual growth slowed to its lowest since 2012 due to high mortgage rates and increased inventory. This slowdown improves affordability and purchasing power for buyers. Starter home prices grew strongest in affordable Northeast and Midwest markets like Pittsburgh and Baltimore, where demand outpaces limited supply. The report uses a repeat-sales...

Senate Insurance Committee passes bill to protect mobile homeowners from insurance gaps

Senate Bill 525, passed by the Senate Insurance Committee, mandates California’s FAIR Plan to offer mobile and manufactured homeowners full replacement value insurance, ensuring equity with standard residential dwellings. This addresses underinsurance issues, highlighted by recent fires in Pacific Palisades where many mobile homeowners couldn't afford to rebuild. The bill aims to protect about...

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