California Real Estate Blog

Mortgage rates are rising in 2022. But with rising rates scare off home buyers? The average 30-year fixed mortgage rate jumped up again last week to 3.52%. Last week’s jump — rising by 23 basis points — is the largest weekly increase in nearly 2 years. It’s also the third week in a row that rates increased. [...]

San Diego County builders have managed to steadily increase homebuilding this year despite labor and supply shortages. There have been 7,646 building permits pulled in the first nine months of the year, according to data from the Real Estate Research Council of Southern California released Wednesday. That’s a 14.% percent increase from the same time last year [...]

San Diego County’s median home price continued to climb in November to a new high of $750,000 as limited inventory put pressure on prices. Local prices have risen 15.4% in a year, reported CoreLogic/DQNews. The new median — which includes new and resale condos, townhouses and single-family homes — exceeds the peak of $749,750 reached in June. [...]

San Diego home price gains slowed in September, but America's finest City remains as one of the top markets for home price gains in September. The S&P CoreLogic Case-Shiller Indices reported that San Diego metro saw a 25% home price gain in a year, making it the fourth fastest-growing market in 20-city index. Phoenix was the top [...]

Home prices across the country soared during the pandemic, but at the top of the market, California kept its crown as the priciest state in the nation — by far. A new study from PropertyShark found that California holds 89 of the 127 most expensive ZIP Codes in the country, or roughly 70%. The report, which measured [...]

San Diego County’s median home price increased to $740,000 in September as the number of homes for sale dropped and competition for properties heated up.Prices are up 13.8% in a year, said CoreLogic/DQNews. September’s numbers marked a change of pace after two months of declines, but the median price is still shy of its peak of $749,750 reached [...]

San Diego’s median home price dropped for the second month in a row in August to $725,000 as competition slowed — but experts said not to expect a crash, or big slowdown, anytime soon. Prices are still up 13.3 percent in a year in San Diego County, said CoreLogic/DQNews, but down from a peak of $749,750 in [...]

California Gov. Gavin Newsom signed two measures to slice through local zoning ordinances as the most populous state struggles with soaring home prices, an affordable housing shortage and homelessness. He signed the most prominent legislation despite nearly 250 cities objecting that it will, by design, undermine local planning and control. The outcome marks the latest battle between [...]

The White House announced a plan to increase the supply of homes across the United States — something experts say is desperately needed in San Diego. San Diego County is averaging around 9,500 total new homes built a year, including apartments, single-family and condos, which is not keeping up with demand. The new plan outlined by the [...]

San Diego County’s median home price dropped slightly to $730,500 in July — its first reduction in six months. The median price is still up 15.2% in a year and record highs have been reached on an almost monthly basis throughout the pandemic, said data released by CoreLogic/DQNews. The peak was in June when the median hit [...]