Nearly 18% of California home transfers are now through inheritance, a record high and double the national rate. This trend limits housing supply in an expensive market, as younger buyers rely more on family wealth. Long-term ownership is encouraged by property tax laws and capital gains tax benefits on inherited homes, reducing sales and resale inventory. This dynamic supports high prices but slows...
In January 2026, California's housing market cooled with closed sales down 10.8% from December and median home prices dropping 3.2% to $823,180, the lowest in nearly two years. Inventory rose to 4.4 months, and days to sell increased to 39. Mortgage rates eased to 6.11%. Regional sales and price trends varied, with some areas seeing gains and others declines. Pending sales surged 34.6%, suggesting a...
California's median single-family home price is $823,180, down about 2% from last year, with mortgage rates near 6% limiting buyer activity. Eleven counties have median prices over $1 million, including San Mateo at $2 million and Santa Clara at $1.8 million. The most affordable homes are in remote northern counties, with Lassen County lowest at $255,000. Prices vary widely across the...
California home sales fell to 256,550 in January, the lowest since May 2025, ↓ 1.3% yearly. The statewide median home price dropped to ~$823K, hitting a 23-month low, ↓ 3.2% MoM. Pending sales rose 34.6% MoM, signaling potential rebound as mortgage rates eased. Some counties like Mariposa, Trinity, and Tehama saw triple-digit yearly sales growth, while...
Slide 1 California’s factory-built homes might finally go mainstream in 2026. Slide 2 Off-site construction could cut building timelines 10–30%, even up to 50% under ideal conditions. Slide 3 Prefab panels and modules save 10–25% on materials and labor with assembly-line precision. Slide 4 Interest is booming: more developers are now...
Preparing financially before buying a home is crucial. Upfront costs include the down payment, which can be as low as 3-5% depending on the loan type, plus inspections, appraisal, and closing costs. Savings should cover these and monthly mortgage payments. Review your budget and calculate your debt-to-income ratio to ensure affordability. Maintain a good credit score by avoiding new credit and checking...
San Diego home prices have leveled, offering a prime buying opportunity now. Experts predict strong housing demand and potential booms in San Diego long-term....
Purchase mortgage applications for newly constructed homes rose 2% year-over-year and 19% month-over-month in January. Single-family housing starts increased 4.1% from November to December but were 9% lower than the previous year. Full-year 2025 single-family construction slowed, with starts down 6.9% and permits down 7.4%. New-home sales rebounded 3.6% seasonally adjusted in January. Average loan size...
California's existing single-family home sales fell to 256,550 in January, down 10.8% from December and 1.3% from January 2025, marking the lowest level since May 2025. The median home price dropped 3.2% from December to $823,180, a 23-month low. Pending sales rose 34.6% month-to-month due to lower mortgage rates. Housing inventory increased, with the unsold inventory index at 4.4 months. The...
California's existing single-family home sales fell 10.8% from December to 256,550 in January, down 1.3% from the previous year, marking 40 months below 300,000 annualized sales. The median home price dropped 3.2% from December to $823,180, its lowest in 23 months, with a notable annual decline. Despite this, many counties saw year-over-year sales and price gains. Mortgage rates easing and improved...
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