California housing affordability rises in Q3

Housing affordability increased in 22 of the state’s 28 metropolitan areas in the third quarter, according to the California Building Industry Association’s Housing Opportunity Index (HOI). On a statewide basis, the HOI found that a family earning the median income could have afforded 63.5 percent of the new and existing homes that were sold during …

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Existing-Home Sales Rise Unexpectedly in October

Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data released Monday by the National Association of Realtors (NAR). The trade group recorded a 1.4 percent month-over-month increase in existing-home sales in October, pushing the annual rate of sales to …

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Is it cheaper to buy or rent in your area?

It’s today’s real estate quandary–to buy or to rent?  As you might suspect, that answer differs on where in the country you live.  Long Beach, CA? It’s a great time to buy!  But for New York City residents, it’s much more economical to stay renting. Thanks to Trulia, there’s a engaging graph that clearly shows …

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