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California Housing Market: Prices, Trends, Forecast 2025-2026

March 12th, 2025 by Samee Foster

California Housing Market: Prices, Trends, Forecast 2025-2026

March 8, 2025 by Marco Santarelli

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Categories: Uncategorized

Tags: avocados, california, Fallbrook, groves, realtor, sunshine properties real estate, land for sale, agent, for sale, house, homes, home, mortgage , buying, selling, house for sale, estate, manufactured home

March
12

HUD Extends Foreclosure Relief to Californians Impacted by Los Angeles County Wildfires

March 12th, 2025 by Samee Foster

The Federal Housing Administration (FHA) has extended its foreclosure and eviction moratorium for victims of the recent Los Angeles wildfires until July 2025. This decision was announced during a visit to Los Angeles by HUD Secretary Scott Turner.

The moratorium applies to all FHA-insured Title II Single Family forward mortgages and Home Equity Conversion Mortgages (HECMs) in areas affected by the wildfires. It prohibits mortgage servicers from initiating or proceeding with foreclosure actions and from evicting occupants of FHA-insured properties, except for those secured by vacant or abandoned properties.

This extension aims to provide homeowners additional time to access federal, state, or local housing resources and to consult with HUD-approved housing counselors. Homeowners facing financial difficulties due to the wildfires are encouraged to contact their mortgage servicers to explore available assistance options.

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Categories: Uncategorized

March
7

California Housing Market Overview

March 7th, 2025 by Samee Foster

California Housing Market Overview

What is the housing market like right now?

In January 2025, home prices in California were up 6.3% compared to last year, selling for a median price of $786,900. On average, the number of homes sold was up 1.3% year over year and there were 16,445 homes sold in January this year, up 16,237 homes sold in January last year. The median days on the market was 53 days, up 8 year over year.

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Categories: Uncategorized