What Fires Will Do to California's Housing Market
The Los Angeles fires are likely to exacerbate California's inventory and affordability crisis, bringing up demand at a time when supply has further shrunk.
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®.
Zillow predicts the hottest housing markets in US. Only one California metro makes the top 20
The most competitive markets this year share characteristics such as relative affordability and “supply that trails demand,” according to Zillow. Taking the top spot in the ranking is Buffalo, New York, followed by Indianapolis and Providence, Rhode Island.
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.
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.
How Wildfires Upended California’s Insurance Market
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is certain to total in the tens of billions of dollars.
California will spend $2.5 billion to help the Los Angeles area recover from wildfires
California will spend $2.5 billion to help the Los Angeles area recover from wildfires
California real estate mogul: 'Put politics aside and get Los Angeles rebuilt'
Real estate mogul Mauricio Umansky says California needs to work with the federal government to help Los Angeles rebuild.
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 ...
KTLA7d
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.
The Associated Press on MSN9d
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 ...
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 ...
Morningstar10d
California housing market closes the year strong despite challenges, C.A.R. reports
Existing, single-family home sales totaled 268,180 in December on a seasonally adjusted annualized rate, up 0.1 percent from 267,800 in November and up 19.8 percent from 223,940 in December 2023.