News

California housing market continues recovery as median home price breaks $700,000 mark, C.A.R. reports

Published Thursday, September 17, 2020

LOS ANGELES (Sept. 16) – California’s housing market continued to improve in August as home sales climbed to their highest level in more than a decade as the median home price broke last month’s record and hit another high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

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Business, Consumer Services and Housing Agency (BCSH) News Release

Published Tuesday, September 15, 2020

The Business, Consumer Services and Housing Agency (BCSH) issued a news release this morning announcing a new web-based app that is now available to help Californians understand their rights and options under The Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020 (Act). 

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South Coast AQMD Continues Smoke Advisory Due to Bobcat Fire and El Dorado Fire

Published Thursday, September 10, 2020

Two major local wildfires as well as wildfires in Northern and Central California are affecting air quality in the region.

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Report finds $50 billion of cryptocurrency moved out of China hinting at capital flight against Beijing rules

Published Friday, August 21, 2020

Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than allowed out of the country, a new report claims.

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July home sales and price report

Published Monday, August 17, 2020

LOS ANGELES (Aug. 17) – California’s housing market continued to recover as home sales climbed to their highest level in more than two and a half years in July, while setting another record-high median home price, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

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Second quarter California housing affordability

Published Wednesday, August 12, 2020

LOS ANGELES (Aug. 12) – Higher home prices and lower household income caused by the economic recession dampened California housing affordability in the second quarter of 2020, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

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Realtor® Survey Finds Annual Foreign Investment in U.S. Home Sales Declines 5%

Published Thursday, August 6, 2020

WASHINGTON (August 6, 2020) – Foreign buyers purchased $74 billion worth of U.S. existing homes from April 2019 through March 2020, a 5% decrease from the previous 12-month period and the second consecutive annual decline in foreign investment in U.S. residential real estate, according to a new survey from the National Association of Realtors®. Foreign buyers purchased 154,000 properties, down 16% from the prior year.

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Existing-Home Sales Surge to Record Pace in June

Published Wednesday, July 22, 2020

Existing-home sales rebounded at a record pace in June, following three consecutive months of sales declines, the National Association of REALTORS® reported on Wednesday. Each of the four major regions of the U.S. posted month-over-month increases in June, with the West posting the largest jump.

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