California's Housing Market Isn't Moving—and the L.A. Wildfires Are Adding to a Growing Problem
California real estate has seen unprecedented losses because of the Los Angeles wildfires —but even before the fires, the Golden State's housing market had taken hit after hit. Homes are staying on the market an average 46 days in California in 2024, the same as in 2023, according to Realtor.com®.
Housing tracker: Before the fires, a December slowdown in the Southern California market
Prices are now 1.5% off their all-time high in July, but some economists say prospective home buyers and sellers shouldn’t expect home values to plunge — one reason behind the shift is the market typically slows in the fall and winter and prices are still above where they were a year ago.
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,
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.
California's Housing Market: 2024 Year in Review
Elevated mortgage rates continued to impact home sales and prices in California in 2024, according to the California Association of Realtors.
How price controls destroyed California’s housing insurance market
California lawmakers thought it was sensible to pass an economic policy that has been failing for more than 4,000 years.
CNN on MSN11d
LA wildfires displaced tens of thousands. With some rents up as much as 20%, finding affordable housing is the next challenge
Martin Johnson and his fiancé, Celeigh Chapman, had spent several years restoring and renovating their home in Altadena by ...
Rents rise as refugees from the fires squeeze into L.A.’s tight housing market
The Palisades and Eaton fires destroyed or damaged more than 8,500 homes in an already tight housing market. Experts said the ...
New York Sun1d
California’s Anti-Price Gouging Law Could Make It Harder for Victims of the Wildfires To Find Temporary Shelter
The emergency law caps rents to a ‘fair market value’ determined by HUD, but the caps are so low that many high-end ...
The Associated Press on MSN7d
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 ...
SanLuisObispo5d
After ‘explosive’ few years in housing market, what do SLO County Realtors expect in 2025?
After the California housing market appeared to trend in the right direction toward the end of 2024, rising interest rates brought the market more in line with what home buyers have become ...