California New Housing Bill is Dead, for Now

California New Housing Bill is Dead, for Now

The controversial housing bill known as SB 50 in California has been pushed off to next year. The ‘New Housing” bill that called for sweeping changes to California’s zoning rules is dead for the year. Advocates say it’s a major setback for an ambitious...
April 2019’s Hottest Housing Markets

April 2019’s Hottest Housing Markets

…and Sacramento’s in the Top 5 As a group, Realtor.com’s Hottest Markets received more website views per property compared to the national average. In terms of supply, these markets are seeing inventory move 14 to 30 days more quickly than the typical property in the...
California Homes become More Affordable in 2019

California Homes become More Affordable in 2019

More Californians could afford to purchase a home in the first quarter of 2019. Lower mortgage rates and cooler seasonal home prices combined with higher income levels, which improved California housing affordability, the CALIFORNIA ASSOCIATION OF REALTORS reported....
Building Material Prices Inch Higher in April

Building Material Prices Inch Higher in April

The National Association of Home Builder’s Eye on Housing reports prices paid for materials used in residential construction have increased almost one full percent in April. The Bureau of Labor Statistics’ Producer Price Index shows, softwood lumber prices declined...
Mortgage Delinquencies Sink to 19-year low

Mortgage Delinquencies Sink to 19-year low

CoreLogic’s monthly Loan Performance Insights Report shows that, nationally, 4% of mortgages were in some stage of delinquency in February 2019. The foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was...
Frank Lloyd Wright Home Sells for 45% Discount

Frank Lloyd Wright Home Sells for 45% Discount

A 1755 square foot cottage designed by Frank Lloyd Wright in the village of Glencoe, north of Chicago, sold for $555,000. That’s far lower than the $1 million that was initially asked for in October 2017. In fact, the three-bedroom cottage was built in 1913 for...