Blog

California Home Sales Climb Despite Rising Mortgage Rates

TNG Team

California home sales and prices both rose in August even as mortgage rates crept toward 7%, while national pending sales cooled and LA's South Bay saw sharp volume declines.

Mortgage Rates Jump To 6.95% As Buyers Retreat

TNG Team

Mortgage rates surged to 6.95% this week, pushing pending home sales nationally to a near three-year low. California's market is splitting by price point and region.

San Francisco Prices Surge 24% As Inventory Craters

TNG Team

SF single-family prices jump 24% YoY as inventory collapses; Sacramento condos buckle, South Bay holds firm, and 30-year rates top 7%.

Mortgage Payments Hit 14-Month High

TNG Team

Mortgage payments hit a 14-month high as rates near 7%, the Fed meets this week, and California metros diverge on price and inventory.

Housing Inventory Hits Highest Level Since 2019

TNG Team

National housing supply hit a six-year high in August as mortgage rates climbed on rising oil prices, while California's Orange County, Sacramento, and Marin markets moved in different directions.