California Real Estate Blog

The Federal Reserve needs to move quickly to raise interest rates and normalize its monetary policy, according to Fed Chairman Jerome Powell. Between a strong job market and soaring inflation, "there is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level," Powell said during his address at the [...]

San Diego’s median home price hit a record $775,000 in February as buyers shrugged off rising mortgage rates. Local prices increased 15.2 percent in a year as of February, reported CoreLogic/DQNews. The number reflects a combination of new and resale condos, townhouses and single-family homes. February’s median — the point at which half the homes sold for [...]

San Diego closed out 2021 with home prices up 25.9% in a year - near a record high. The S&P CoreLogic Case-Shiller Indices reported that San Diego metro had the fifth-highest price increases in the nation on an annual basis. The top markets were Phoenix, up 32.5 percent, and Tampa, up 29.4 percent. San Diego metro, which [...]

The S&P CoreLogic Case-Shiller Indices reported that San Diego metro saw a 24.4 percent home price gain in a year, making it the sixth fastest-growing market in 20-city index. San Diego had been in the top two markets in the closely watched index for most of 2021, but has now been in sixth for the past two [...]

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 [...]