Even though the summer homebuying season is officially here, the housing market is still experiencing a winter chill.
The national average 30-year fixed mortgage rate remains elevated compared to last year, hitting a year-to-date high of 6.79% the week ending June 1, according to Freddie Mac.
Though the median existing-home sales price edged lower year-over-year for the fourth consecutive month—a promising sign for home shoppers—experts don’t expect substantial, nationwide price declines anytime soon.
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Juneteenth is a federal holiday in the United States commemorating the emancipation of enslaved African Americans. It is also often observed for celebrating African American culture. Originating in Galveston, Texas, it has been celebrated annually on June 19 in various parts of the United States since 1866.
Built in the 1930s, high above the Santa Barbara coast, the mansion known as Bellosguardo was the summer home of reclusive heiress Huguette Clark, who instructed her staff to never change a thing – and they didn’t. CBS Sunday Morning pays a visit to a fabled home constructed from a Gilded Age fortune (made famous from the bestseller “Empty Mansions”), which will be opening its doors to public tours in the near future.
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Wildfires have burned nearly 10 million acres of forest and destroyed 39,000 homes in California over the last five years, providing a glimpse at just how dire the state’s climate crisis has become.
Yet at a time when it’s more vital than ever for homeowners to have adequate insurance coverage, many carriers have decided to no longer insure homes in certain parts of the state, while others have left the home insurance market altogether. As a result, many California residents are left with little to no options for homeowners insurance — particularly those with homes in areas most at risk of wildfire damage.
2017 and 2018 were two of the most destructive fire seasons with a combined claims payout of almost $300 billion.
Click Read More below for more information regarding Insurance Companies that no longer offer policies in California and those that do.
A very entertaining video with Tom Cruise and his Top Gun co-star Monica Barbaro on The Late Late Show with James Gorden.
The CBS Sunday Morning show produces a “By Design” episode once a year. Last year Santa Barbara, California was prominently...
JANUARY 9, 2023 (12:30PM)
County officials just ordered evacuations for the entire Montecito community Monday afternoon and several other communities due to the threat of flash flooding and the forecast for more intense rainfall.
There is a rise in rental scammers taking advantage of the huge need in California for housing. Scammers are listing...
Real Estate News You Can Use! How’s the housing market in California right now? According to the California Association of Realtors, the monthly and annual home price growth accelerated in August. For the first time in five months California house sales also increased which was mainly due to a window of opportunity generated by a temporary decline in mortgage rates that created a little more favorable lending climate.
Possibly the most important real estate video you’ll see this year. Everyone is asking what’s happening to the housing market. This video breaks down the last couple of decades of trends and simply lays out what’s happened, and what may happen.
