California tiered home pricing
Home prices continued to nosedive in all tiers across Los Angeles, San Francisco and San Diego during August 2022, the result of reduced purchasing power and buyer panic as sales volume recedes. Home prices have fully reversed course from their May 2022 peak, ranging from 4% below the peak in Sa
Mortgage rates top 7% for the first time since 2002, chilling L.A. housing market
The cost of buying a home took another leap this week as the average rate on the popular 30-year fixed-rate mortgage surpassed 7% for the first time since 2002. It was just last month that rates climbed above 6% for the first time in 14 years. The latest dramatic jump makes a ho
Real estate news: Costa Mesa apartments sell for $12 million or $508,000 each
The Wilson Townhomes, a 24-unit housing complex in Costa Mesa, has been sold for $12.2 million or roughly $508,000 per unit. Two small apartment complexes changed hands in recent weeks, selling for top dollar and signaling yet more investor interest in multifamily properties as
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