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San Diego Sales Jump 8% As Listings Shrink

San Diego Sales Jump 8% As Listings Shrink

TNG Team

San Diego sales rose 8% in July as listings shrank, while California affordability slipped to 19% and the 30-year fixed mortgage climbed to 6.69%.

Pending Sales Hit 5-Month Low As Rates Near 7%

Pending Sales Hit 5-Month Low As Rates Near 7%

TNG Team

Contract signings fell at the fastest weekly pace since 2022 as the 30-year fixed neared 7%, while a weak jobs report revived hopes of rate relief.

1 In 5 Home Sellers Cut Prices In July

1 In 5 Home Sellers Cut Prices In July

TNG Team

Sellers cut prices as mortgage rates hit an 11-month high, California list prices slide, and July sales surge while pending contracts cool.

Starter Homes Get Cheaper, But Not In SoCal

Starter Homes Get Cheaper, But Not In SoCal

TNG Team

Entry-level affordability improves nationally for an eighth straight month while Southern California lags, California sales cool, and rates hold near 6.66%.

California Home Prices Lose Ground To Inflation

California Home Prices Lose Ground To Inflation

TNG Team

California metro home values are still rising on paper but trailing inflation, while higher mortgage rates cool demand and more sellers cut prices.

ADUs Now 28% Of Bay Area Permits

ADUs Now 28% Of Bay Area Permits

TNG Team

ADUs now make up nearly 28% of Bay Area housing permits and a quarter statewide, while mortgage rates hit a one-year high and buyer demand cools.

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