California home prices dip 1% in May, 1st drop in nearly 2 years
A modest dip in mortgage rates wasn’t enough to prevent drops in California home prices and sales.To see what’s up – or down – with the market, my trusty spreadsheet looked at statewide homebuying data from the California Association of Realtors and the average 30-year mortgage rate from Freddie Mac
California just overhauled its main environmental law. Here’s what it means for San Diego
California’s landmark environmental law was overhauled in Sacramento this week, and it could mean more housing for San Diego.Gov. Gavin Newsom signed two bills on Monday that will weaken the California Environmental Quality Act, or CEQA, to make building housing easier. The law was praised by enviro
Home-sale cancellations see ‘dramatic increase,’ agents say
With prices leveling off and more homes on the market, buyers now are more likely to walk away from a deal when they hit a snag before closing.As a result, one out of every six Southern California transactions fell apart in May, killing 2,261 home sales, according to Redfin, the online brokerage. It
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