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California Home Prices Up 6.6% Last Quarter

Some Highlights from FHFA Report:

  • California outpaced national home price increase of 6.15%.
  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
  • Alaska, Delaware, West Virginia & Wyoming were the only states where home prices are lower than they were last year.
Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634

 

Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. As a result, if this statistic proves to be true, 59 million people will be looking to buy a home in...

US Housing Market Is Moving into ‘Buy Territory’!

US Housing Market Moving Buy Territory. The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.”

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Summary
California Home Prices Up 6.6% Last Quarter
Article Name
California Home Prices Up 6.6% Last Quarter
Description
California outpaced national home price increase of 6.15%.
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Who
Kris and Kim Darney Your REALTORS® For Life
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