California Housing Affordability Holds Steady In 3rd Quarter Despite Wages & Lower Interest Failing To Raise Purchases

California Housing Affordability Holds Steady In 3rd Quarter Despite Wages & Lower Interest Failing To Raise Purchases

Los Angeles, CA…Rising wages and slightly lower interest rates did little to improve California’s housing affordability, which remained flat compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in third-quarter 2016 remained at 31 […]

Existing-Home Sales Rebound in September

Existing-Home Sales Rebound in September

Washington, DC….After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased […]

Existing-Home Sales Rise in May with Strong Price Increases

Existing-Home Sales Rise in May with Strong Price Increases

Washington, DC…Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 4.2 percent to a seasonally […]