News

Friday, May 14, 2021, 12:00 pm C.A.R. has updated its guidance on open house protocols to help members comply with the new guidance released by the California Dept. of Public Health earlier this week. A new Quick Guide providing additional details has been released as well. The following changes have been made to open house protocols, effective more»

Higher home prices substantially diminish California housing affordability in first quarter 2021, C.A.R. reports Twenty-seven percent of California households could afford to purchase the $720,490 median-priced home in the first quarter of 2021, down from 35 percent in first-quarter 2020 and unchanged from fourth-quarter 2020. A minimum annual income of more»

California median home price reaches new all-time high in March as nearly two-thirds of homes sell above asking price, C.A.R. reports - Existing, single-family home sales totaled 446,410 in March on a seasonally adjusted annualized rate, down 3.5 percent from February and up 19.7 percent from March 2020. - March’s statewide median home price was more»

C.A.R. asks HUD and FHA to Reduce Mortgage Insurance Premiums to Provide Greater Homeownership Opportunities LOS ANGELES (March 31) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Department of Housing and Urban Development’s (HUD) announcement this week on the state of the Federal more»

California REALTORS® Applaud Biden Administration’s Transportation and Infrastructure Bill That Addresses Nation’s Severe Housing Shortage LOS ANGELES (March 31) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the inclusion of creating, preserving and retrofitting of more than more»

California home sales and prices ease but strong buying interest continues to provide support to the market as sales record eighth straight year-over-year gain, C.A.R. reports - Existing, single-family home sales totaled 462,720 in February on a seasonally adjusted annualized rate, down 4.5 percent from January and up 9.7 percent from February 2020. - more»

- Existing, single-family home sales totaled 484,730 in January on a seasonally adjusted annualized rate, down 4.9 percent from December and up 22.5 percent from January 2020. - January’s statewide median home price was $699,890, down 2.5 percent from December and up 21.7 percent from January 2020. - The statewide Unsold Inventory Index was 1.5 more»

Housing affordability for Black California Households is Half That of Whites, Illustrating Persistent Wide Homeownership Gap and Wealth Disparities, C.A.R. Reports Less than one in five Black California households could afford to purchase the $659,380 statewide median-priced home in 2020, compared to two in five white California households who could afford more»