California Housing Market News

Price Gouging Hits Housing Market Amid California Wildfires

Price Gouging Hits the Housing Market Amid California Wildfires

Newsweek found properties that jacked up their prices during the California wildfires raising concerns of potential price gouging.

KTLA-TV Los Angeles on MSN · 3d

California’s housing market is stuck. Here’s why

High mortgage rates continue to be a drag on home sales and home prices in California, according to the California Association of Realtors, which just released its final numbers for 2024. Data shows that sales of single-family homes increased by roughly 4% year-over-year,

LA Times on MSN · 1d

Some price-gouging rules could be keeping high-end homes off L.A.’s rental market

A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy fire victims.

1don MSN

Housing tracker: Before the fires, a December slowdown in the Southern California market

The Southern California housing market downshifted last month. The average home price in the six-county region fell 0.2% from ...

4hon MSN

San Francisco Home Price Plunges 30% as City's Housing Market Stagnates

A luxurious penthouse in downtown San Francisco sold for $5m less than its seller listed the unit for in 2023, as the city continues to experience price drops.

Marketplace3d

Ripples from wildfires’ property damage extend beyond Los Angeles market

With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.

5don MSN

California officials warn against price gouging as rents soar in fire-stricken Los Angeles

Tenant advocacy groups, landlord associations and elected officials are condemning rent gouging after tens of thousands of ...

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