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Rock-bottom mortgage rates in the first two years of the pandemic armed homebuyers with more purchasing power, which fueled bidding wars, driving the median sale price for previously occupied U.S ...
In a significant shift in the market, fewer homes are going into escrow, inventory is rising and sellers are increasingly cutting their asking prices.
The housing market continues its downturn as mortgage applications hit their lowest levels in three decades, according to data issued by the Mortgage Bankers Association (MBA). Nick Gerli, CEO of ...
The Real Estate Commissioner is appointed by the Governor, and serves as the chief executive of the Department of Real Estate. [4]Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024.
Nearly 7% of for-sale homes in the U.S. posted a price drop during the four weeks ending Oct. 29, which is the highest portion since Redfin started tracking this data in 2012 and far surpasses the ...
The California Real Estate Act has two core components: licensing and enforcement. [1] [2] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies. [2]
The median sale price of a single-family home in California in June was down 4% over the previous month. Home prices are dropping throughout California. This Sacramento-area county is an exception
Southern California's median home sale price dropped to $750,000 in June, another sign that the ultra-competitive market is slowing down.