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June 2025

California Home Sales Hover Below Great Recession Low, Sending Supply of Listings Surging

California's home listings surged to over 64,900 in April, a post-pandemic high, driven by a 50% year-over-year inventory rise amid weak sales below Great Recession lows. Despite rising inventory and sluggish sales, median home prices remain firm at $767,000. Experts warn prices may stagnate or decline if inventory continues to grow, with affordability and economic risks posing challenges to the...

New bill seeks to protect renters from ‘financial trap’

California Assemblyman Matt Haney is promoting a new bill, AB 1248, aimed at protecting renters from unexpected fees imposed by landlords. The bill mandates that all tenant costs be included in the rent, prohibiting additional fees during a tenancy. Haney highlights that rising housing costs in California make these fees burdensome, creating financial instability for renters. The legislation seeks to...

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