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March
1
1
California home sales inch up in January for second straight month as prices moderate further, C.A.R. reports
California home sales inch up in January for second straight month
as prices moderate further, C.A.R. reports
- Existing, single-family home sales totaled 241,520 in January on a seasonally adjusted annualized rate, up 0.4 percent from December and down 45.7 percent from January 2022.
- January's statewide median home price was $751,330, down 3.0% percent from December and down 1.9% percent from January 2022.
- Year-to-date statewide home sales were down 45.7 percent in January.
LOS ANGELES (Feb. 16) – California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained below the 250,000-unit sales pace for the third straight month, theCALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Infographic: https://www.car.org/Global/Infographics/2023-01-Sales-and-Price
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2023 if sales maintained the January pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. January's sales pace was up 0.4 percent on a monthly basis from a revised 240,630 in December and down 45.7 percent from a year ago, when a revised 444,400 homes were sold on an annualized basis.
"Thanks to slightly waning interest rates and tempering home prices, California's housing market kicked off the new year with another step up and continued to improve in January as buyers gained more confidence in purchasing a home and the affordability outlook improving slightly," said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®. "While the monthly sales gains have been nominal over the past two months, the market is moving in the right direction, and more gradual improvements could be coming in the months ahead as the market moves into the spring homebuying season in a few weeks."
California's median home price receded in January to $751,330, down 3.0 percent from the $774,850 recorded in December, which was the fifth straight monthly decline. January's price also was lower on a year-over-year basis for the third consecutive month, declining 1.9 percent from the $766,250 recorded last January.
"Job layoffs in recent months, primarily in the tech sector, have contributed to a decline in both sales and prices in higher-priced housing markets, particularly in the San Francisco Bay Area," said C.A.R. Vice President and Chief Economist Jordan Levine. "With home prices expected to remain soft and the mix of sales continuing to shift toward less expensive housing units throughout the rest of 2023, the market will see more downward price adjustments in the next few months."
Other key points from C.A.R.'s January 2023 resale housing report include:
- At the regional level, all major regions recorded year-over-year sales drops of more than one-third. The Central Valley dropped the most of all regions at -43.3 percent as eight of the 12 counties in the region registered sales drops of more than 40 percent year-over-year in January. Southern California (-41.1 percent) was another region in the state with a drop of over 40 percent, followed by the Far North (-39.6 percent), the San Francisco Bay Area (-36.9 percent), and the Central Coast (-35.1 percent).
- All counties tracked by C.A.R. experienced a year-over-year sales drop in January, with 45 counties plummeting more than 30 percent and 11 counties falling more than 50 percent from a year ago. Siskiyou (-73.8 percent) had the largest sales drop, followed by Mono (-73.3 percent) and Yuba (-63.6 percent). Only two counties ― Glenn (-14.3 percent) and Kings (-19.7 percent) ― out of 51 counties monitored by C.A.R. had a sales decline of less than 20 percent in January from the same month of last year.
- At the regional level, median home prices dropped from a year ago in all major regions, with the San Francisco Bay Area declining the most and by double-digits year-over-year. With prices sliding more than 10 percent in six Bay Area counties, the Bay Area's regional median price was down 14.6 percent from a year ago and the dip in January was the largest price decline since July 2009. Median prices in the state's other regions experienced more moderate declines, with the Central Valley's median price decreasing 6.6 percent, followed by the Far North (-3.4 percent), the Central Coast (-2.6 percent) and Southern California (-0.2 percent).
- More than four out of five counties experienced a decline in their home price from a year ago in January, with 15 counties posting drops of more than 10 percent year-over-year. Plumas (-23.9 percent) had the sharpest decline of all counties, followed by Mendocino (-23.5 percent), and Del Norte (-19.5 percent). Nine counties recorded an increase in their median prices from a year ago, with four counties growing by double-digits. Siskiyou had the biggest price gain of all counties, increasing 30.8 percent from January 2022, followed by Mono (18.5 percent) and Glenn (18.0 percent).
- Housing inventory in California continued to rise in January to reach the highest level in 32 months. The statewide unsold inventory index (UII) was double the level of 1.8 months recorded in the same month of last year, surging to 3.6 months in January 2023, a level last seen in May 2020, when the state underwent a pandemic lockdown. Unsold inventory increased from a year ago by 88 percent or more in all price ranges, with the $500,000-$749,000 price range gaining the most (112.5 percent), followed by the $1 million-and-up price tier (105.0 percent), the $750,000-$999,000 (100.0 percent) and the sub-$500,000 (88.9 percent).
- Weak housing demand continued to create carryover and elevate inventory on the surface, as 48 of the 51 counties tracked by C.A.R. registered an increase in active listings from January 2022. Five counties recorded a triple-digit, year-over-year gain in January as compared to 13 counties in December. Solano recorded the largest yearly growth of 163.6 percent, followed by Yuba (163.5 percent), Solano (119.9 percent), Amador (111.1 percent) and Placer (110.7 percent). Active listings decreased from a year ago in three counties, with Mono (-27.3 percent) dipping the most year-over-year, followed by Del Norte (-23.1 percent) and Plumas (-8.4 percent).
- The median number of days it took to sell a California single-family home was 33 days in January and 12 days in January 2022.
- C.A.R.'s statewide sales-price-to-list-price ratio* was 96.5 percent in January 2023 and 101.2 percent in January 2022.
- The statewide average price per square foot** for an existing single-family home was $371, down from $372 in January a year ago.
- The 30-year, fixed-mortgage interest rate averaged 6.27 percent in January, up from 3.45 percent in January 2022, according to Freddie Mac.
Note: The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data is not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.
*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.
**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 50 counties.
Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 217,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
# # #
January 2023 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
|
January 2023 |
Median Sold Price of Existing Single-Family Homes |
Sales |
|||||||
|
State/Region/County |
Jan. 2023 |
Dec. 2022 |
|
Jan. 2022 |
|
Price MTM% Chg. |
Price YTY% Chg. |
Sales MTM% Chg. |
Sales YTY% Chg. |
|
Calif. Single-family home |
$751,330 |
$774,850 |
r |
$766,250 |
r |
-3.0% |
-1.9% |
0.4% |
-45.7% |
|
Calif. Condo/Townhome |
$580,000 |
$590,000 |
|
$600,000 |
|
-1.7% |
-3.3% |
-19.2% |
-43.1% |
|
Los Angeles Metro Area |
$700,000 |
$716,500 |
|
$700,000 |
|
-2.3% |
0.0% |
-19.8% |
-42.4% |
|
Central Coast |
$894,500 |
$869,860 |
|
$920,400 |
|
2.8% |
-2.8% |
-19.0% |
-35.1% |
|
Central Valley |
$425,000 |
$430,000 |
|
$455,000 |
|
-1.2% |
-6.6% |
-30.8% |
-43.3% |
|
Far North |
$367,000 |
$350,000 |
|
$380,000 |
|
4.9% |
-3.4% |
-18.4% |
-39.6% |
|
Inland Empire |
$540,000 |
$535,000 |
|
$539,000 |
|
0.9% |
0.2% |
-15.4% |
-49.1% |
|
San Francisco Bay Area |
$1,000,000 |
$1,075,000 |
r |
$1,171,000 |
r |
-7.0% |
-14.6% |
-38.1% |
-36.9% |
|
Southern California |
$738,250 |
$743,180 |
|
$740,000 |
|
-0.7% |
-0.2% |
-19.4% |
-41.1% |
|
|
|
|
|
|
|
|
|
|
|
|
San Francisco Bay Area |
|
|
|
|
|
|
|
|
|
|
Alameda |
$1,065,000 |
$1,065,500 |
|
$1,250,000 |
|
0.0% |
-14.8% |
-35.5% |
-32.8% |
|
Contra Costa |
$736,500 |
$777,500 |
|
$829,000 |
|
-5.3% |
-11.2% |
-41.5% |
-43.6% |
|
Marin |
$1,201,000 |
$1,500,000 |
|
$1,466,500 |
r |
-19.9% |
-18.1% |
-63.0% |
-52.6% |
|
Napa |
$790,000 |
$824,000 |
r |
$862,500 |
r |
-4.1% |
-8.4% |
-46.8% |
-41.1% |
|
San Francisco |
$1,385,000 |
$1,564,000 |
|
$1,630,000 |
|
-11.4% |
-15.0% |
-34.7% |
-22.8% |
|
San Mateo |
$1,625,000 |
$1,675,000 |
|
$2,000,000 |
|
-3.0% |
-18.8% |
-36.8% |
-31.0% |
|
Santa Clara |
$1,530,000 |
$1,478,000 |
|
$1,716,000 |
|
3.5% |
-10.8% |
-35.4% |
-39.9% |
|
Solano |
$580,000 |
$580,000 |
r |
$583,500 |
r |
0.0% |
-0.6% |
-35.2% |
-31.3% |
|
Sonoma |
$781,930 |
$785,000 |
r |
$799,000 |
r |
-0.4% |
-2.1% |
-34.8% |
-35.9% |
|
Southern California |
|
|
|
|
|
|
|
|
|
|
Los Angeles |
$778,540 |
$799,670 |
|
$800,960 |
|
-2.6% |
-2.8% |
-22.0% |
-38.2% |
|
Orange |
$1,194,500 |
$1,131,760 |
|
$1,195,000 |
|
5.5% |
0.0% |
-20.5% |
-35.6% |
|
Riverside |
$585,000 |
$575,000 |
|
$590,000 |
|
1.7% |
-0.8% |
-11.7% |
-46.5% |
|
San Bernardino |
$446,900 |
$466,940 |
|
$450,000 |
|
-4.3% |
-0.7% |
-21.7% |
-53.6% |
|
San Diego |
$824,950 |
$850,000 |
|
$875,000 |
|
-2.9% |
-5.7% |
-17.9% |
-35.1% |
|
Ventura |
$815,000 |
$818,000 |
|
$850,000 |
|
-0.4% |
-4.1% |
-28.8% |
-40.4% |
|
Central Coast |
|
|
|
|
|
|
|
|
|
|
Monterey |
$850,000 |
$775,000 |
|
$875,000 |
|
9.7% |
-2.9% |
-12.6% |
-38.2% |
|
San Luis Obispo |
$795,750 |
$830,000 |
|
$851,500 |
|
-4.1% |
-6.5% |
-30.4% |
-35.6% |
|
Santa Barbara |
$890,000 |
$1,055,000 |
|
$912,500 |
|
-15.6% |
-2.5% |
-7.3% |
-35.6% |
|
Santa Cruz |
$1,170,000 |
$1,175,000 |
|
$1,257,500 |
|
-0.4% |
-7.0% |
-26.5% |
-27.4% |
|
Central Valley |
|
|
|
|
|
|
|
|
|
|
Fresno |
$375,000 |
$396,000 |
|
$395,000 |
|
-5.3% |
-5.1% |
-29.7% |
-37.4% |
|
Glenn |
$392,500 |
$286,750 |
|
$332,500 |
|
36.9% |
18.0% |
50.0% |
-14.3% |
|
Kern |
$357,500 |
$365,000 |
|
$367,000 |
|
-2.1% |
-2.6% |
-24.0% |
-35.1% |
|
Kings |
$365,000 |
$337,000 |
|
$322,500 |
|
8.3% |
13.2% |
-8.6% |
-19.7% |
|
Madera |
$387,460 |
$410,500 |
|
$394,000 |
|
-5.6% |
-1.7% |
-31.6% |
-40.2% |
|
Merced |
$369,000 |
$340,000 |
|
$387,380 |
|
8.5% |
-4.7% |
-47.5% |
-58.0% |
|
Placer |
$625,000 |
$622,500 |
|
$670,000 |
|
0.4% |
-6.7% |
-30.2% |
-40.9% |
|
Sacramento |
$498,000 |
$485,000 |
|
$524,000 |
|
2.7% |
-5.0% |
-32.1% |
-45.7% |
|
San Benito |
$719,000 |
$765,000 |
|
$842,500 |
|
-6.0% |
-14.7% |
-50.0% |
-50.0% |
|
San Joaquin |
$478,500 |
$465,000 |
|
$499,950 |
|
2.9% |
-4.3% |
-33.1% |
-49.5% |
|
Stanislaus |
$403,750 |
$420,000 |
|
$450,000 |
|
-3.9% |
-10.3% |
-36.5% |
-54.3% |
|
Tulare |
$332,720 |
$353,500 |
|
$333,000 |
|
-5.9% |
-0.1% |
-29.4% |
-40.2% |
|
Far North |
|
|
|
|
|
|
|
|
|
|
Butte |
$410,000 |
$408,500 |
|
$456,000 |
|
0.4% |
-10.1% |
-1.4% |
-30.6% |
|
Lassen |
$260,000 |
$170,000 |
|
$259,000 |
|
52.9% |
0.4% |
-30.8% |
-60.9% |
|
Plumas |
$350,000 |
$395,000 |
|
$460,000 |
|
-11.4% |
-23.9% |
-52.2% |
-59.3% |
|
Shasta |
$373,750 |
$348,500 |
|
$375,000 |
|
7.2% |
-0.3% |
-15.9% |
-32.7% |
|
Siskiyou |
$385,860 |
$295,000 |
|
$296,000 |
|
30.8% |
30.4% |
-52.2% |
-73.8% |
|
Tehama |
$314,900 |
$285,600 |
|
$359,000 |
|
10.3% |
-12.3% |
-13.8% |
-35.9% |
|
Other Calif. Counties |
|
|
|
|
|
|
|
|
|
|
Amador |
$422,500 |
$415,000 |
|
$400,000 |
|
1.8% |
5.6% |
-23.5% |
-33.3% |
|
Calaveras |
$455,000 |
$449,500 |
|
$467,500 |
|
1.2% |
-2.7% |
-26.8% |
-48.8% |
|
Del Norte |
$300,000 |
$331,250 |
|
$372,500 |
|
-9.4% |
-19.5% |
-30.0% |
-56.3% |
|
El Dorado |
$567,500 |
$591,000 |
|
$607,500 |
|
-4.0% |
-6.6% |
-34.7% |
-52.5% |
|
Humboldt |
$395,000 |
$392,500 |
|
$425,000 |
|
0.6% |
-7.1% |
-40.0% |
-39.3% |
|
Lake |
$310,000 |
$370,000 |
|
$349,900 |
|
-16.2% |
-11.4% |
-18.9% |
-33.8% |
|
Mariposa |
$372,500 |
$359,000 |
|
$350,000 |
|
3.8% |
6.4% |
-20.0% |
-25.0% |
|
Mendocino |
$389,000 |
$599,000 |
r |
$508,500 |
|
-35.1% |
-23.5% |
-12.9% |
-32.5% |
|
Mono |
$1,125,500 |
$765,000 |
|
$950,000 |
|
47.1% |
18.5% |
-42.9% |
-73.3% |
|
Nevada |
$470,000 |
$520,000 |
|
$550,000 |
|
-9.6% |
-14.5% |
-29.6% |
-47.7% |
|
Sutter |
$392,000 |
$383,500 |
|
$415,000 |
|
2.2% |
-5.5% |
0.0% |
-41.7% |
|
Tuolumne |
$388,000 |
$380,000 |
|
$386,750 |
|
2.1% |
0.3% |
-35.1% |
-33.9% |
|
Yolo |
$522,500 |
$600,000 |
|
$542,500 |
|
-12.9% |
-3.7% |
6.4% |
-28.6% |
|
Yuba |
$425,000 |
$420,000 |
|
$402,500 |
|
1.2% |
5.6% |
-50.8% |
-63.6% |
r = revised
January 2023 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)
|
January 2023 |
Unsold Inventory Index |
Median Time on Market |
||||||||
|
State/Region/County |
Jan. 2023 |
Dec. 2022 |
|
Jan. 2022 |
|
Jan. 2023 |
Dec. 2022 |
|
Jan. 2022 |
|
|
Calif. Single-family home |
3.6 |
2.7 |
|
1.8 |
|
33.0 |
28.0 |
|
12.0 |
|
|
Calif. Condo/Townhome |
3.5 |
2.6 |
|
1.8 |
|
32.0 |
28.0 |
|
11.0 |
|
|
Los Angeles Metro Area |
3.8 |
3.1 |
|
1.9 |
|
34.0 |
28.0 |
|
13.0 |
|
|
Central Coast |
3.5 |
2.7 |
|
2.1 |
|
30.0 |
27.5 |
|
11.0 |
|
|
Central Valley |
3.7 |
2.6 |
|
1.7 |
|
32.0 |
27.0 |
|
10.0 |
|
|
Far North |
5.0 |
4.3 |
|
2.7 |
|
49.0 |
48.0 |
|
27.0 |
|
|
Inland Empire |
4.4 |
3.7 |
|
1.9 |
|
40.0 |
35.5 |
|
16.0 |
|
|
San Francisco Bay Area |
2.8 |
1.6 |
|
1.5 |
r |
32.0 |
28.0 |
|
12.0 |
|
|
Southern California |
3.6 |
2.9 |
|
1.8 |
|
32.0 |
27.0 |
|
12.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
San Francisco Bay Area |
|
|
|
|
|
|
|
|
|
|
|
Alameda |
2.2 |
1.4 |
|
1.5 |
|
26.0 |
19.0 |
|
10.0 |
|
|
Contra Costa |
2.8 |
1.5 |
|
1.4 |
|
27.0 |
28.0 |
|
9.0 |
|
|
Marin |
4.5 |
1.4 |
|
1.4 |
|
72.0 |
34.0 |
r |
30.0 |
r |
|
Napa |
5.9 |
2.8 |
|
3.2 |
r |
84.0 |
57.0 |
|
47.5 |
|
|
San Francisco |
2.9 |
1.5 |
|
2.0 |
|
34.0 |
26.0 |
|
13.0 |
|
|
San Mateo |
2.4 |
1.4 |
|
1.6 |
|
22.0 |
22.5 |
|
10.0 |
|
|
Santa Clara |
2.5 |
1.3 |
|
1.6 |
|
22.5 |
17.5 |
|
7.0 |
|
|
Solano |
2.9 |
2.0 |
r |
1.0 |
r |
58.0 |
50.0 |
r |
30.0 |
r |
|
Sonoma |
3.3 |
2.2 |
|
1.7 |
r |
43.5 |
44.0 |
r |
40.0 |
r |
|
Southern California |
|
|
|
|
|
|
|
|
|
|
|
Los Angeles |
3.7 |
3.1 |
|
2.0 |
|
31.0 |
25.5 |
|
13.0 |
|
|
Orange |
3.1 |
2.4 |
|
1.6 |
|
30.0 |
23.0 |
|
8.0 |
|
|
Riverside |
4.3 |
3.7 |
|
1.8 |
|
39.0 |
36.0 |
|
16.0 |
|
|
San Bernardino |
4.7 |
3.8 |
|
2.1 |
|
42.0 |
34.0 |
|
16.0 |
|
|
San Diego |
2.7 |
2.2 |
|
1.5 |
|
26.0 |
20.0 |
|
9.0 |
|
|
Ventura |
3.5 |
2.3 |
|
2.0 |
|
39.0 |
39.0 |
|
20.0 |
|
|
Central Coast |
|
|
|
|
|
|
|
|
|
|
|
Monterey |
3.9 |
3.2 |
|
2.1 |
|
33.0 |
36.0 |
|
10.0 |
|
|
San Luis Obispo |
4.3 |
2.8 |
|
2.3 |
|
32.0 |
21.0 |
|
9.0 |
|
|
Santa Barbara |
2.6 |
2.3 |
|
1.9 |
|
18.5 |
29.0 |
|
12.0 |
|
|
Santa Cruz |
3.3 |
2.5 |
|
2.0 |
|
35.0 |
24.0 |
|
13.5 |
|
|
Central Valley |
|
|
|
|
|
|
|
|
|
|
|
Fresno |
4.2 |
2.9 |
|
1.9 |
|
29.0 |
26.5 |
|
9.0 |
|
|
Glenn |
2.9 |
4.0 |
|
3.0 |
|
31.0 |
19.0 |
|
7.5 |
|
|
Kern |
3.1 |
2.4 |
|
1.7 |
|
32.5 |
24.5 |
|
9.0 |
|
|
Kings |
3.5 |
3.2 |
|
2.1 |
|
53.0 |
22.5 |
|
10.0 |
|
|
Madera |
7.2 |
4.6 |
|
3.1 |
|
37.0 |
32.0 |
|
17.0 |
|
|
Merced |
4.4 |
2.4 |
|
1.5 |
|
40.5 |
30.0 |
|
14.5 |
|
|
Placer |
4.1 |
2.9 |
|
1.6 |
|
36.0 |
33.0 |
|
9.0 |
|
|
Sacramento |
2.9 |
2.1 |
|
1.4 |
|
28.0 |
26.0 |
|
8.0 |
|
|
San Benito |
5.6 |
2.3 |
|
2.2 |
|
27.5 |
44.5 |
|
12.0 |
|
|
San Joaquin |
3.7 |
2.7 |
|
1.6 |
|
40.0 |
29.0 |
|
12.5 |
|
|
Stanislaus |
3.6 |
2.4 |
|
1.4 |
|
24.0 |
23.0 |
|
10.0 |
|
|
Tulare |
3.8 |
2.6 |
|
1.9 |
|
34.5 |
31.0 |
|
11.0 |
|
|
Far North |
|
|
|
|
|
|
|
|
|
|
|
Butte |
3.9 |
4.2 |
|
2.4 |
|
42.5 |
44.0 |
|
14.5 |
|
|
Lassen |
10.9 |
7.3 |
|
3.6 |
|
128.0 |
94.0 |
|
80.0 |
|
|
Plumas |
6.9 |
3.4 |
|
3.1 |
|
142.0 |
134.0 |
|
127.0 |
|
|
Shasta |
4.2 |
3.8 |
|
2.5 |
|
41.5 |
33.5 |
|
19.0 |
|
|
Siskiyou |
13.2 |
6.0 |
|
3.5 |
|
108.0 |
32.0 |
|
39.0 |
|
|
Tehama |
5.8 |
5.1 |
|
2.9 |
|
66.0 |
72.0 |
|
49.0 |
|
|
Other Calif. Counties |
|
|
|
|
|
|
|
|
|
|
|
Amador |
5.5 |
4.4 |
|
2.3 |
|
55.0 |
43.0 |
|
33.0 |
|
|
Calaveras |
4.4 |
3.4 |
|
2.1 |
|
81.0 |
77.0 |
|
73.0 |
|
|
Del Norte |
10.1 |
6.5 |
|
4.2 |
|
116.0 |
91.0 |
|
70.0 |
|
|
El Dorado |
4.4 |
3.0 |
|
2.0 |
|
46.5 |
43.5 |
|
33.0 |
|
|
Humboldt |
6.8 |
4.1 |
|
3.0 |
|
24.0 |
17.0 |
|
10.0 |
|
|
Lake |
6.4 |
5.2 |
|
4.2 |
|
56.0 |
71.0 |
|
39.0 |
|
|
Mariposa |
5.4 |
4.9 |
|
4.3 |
|
57.5 |
20.5 |
|
62.0 |
|
|
Mendocino |
8.4 |
7.7 |
r |
5.0 |
r |
131.0 |
60.0 |
|
52.5 |
|
|
Mono |
6.3 |
4.0 |
|
2.5 |
|
160.5 |
129.0 |
|
90.0 |
|
|
Nevada |
3.9 |
3.0 |
|
2.3 |
|
42.0 |
37.0 |
|
30.0 |
|
|
Sutter |
2.8 |
3.2 |
|
1.2 |
|
38.0 |
43.0 |
|
8.0 |
|
|
Tuolumne |
5.2 |
3.9 |
|
3.4 |
|
88.0 |
65.0 |
|
39.5 |
|
|
Yolo |
3.2 |
3.4 |
|
1.8 |
|
43.5 |
26.0 |
|
10.0 |
|
|
Yuba |
6.4 |
2.8 |
|
1.5 |
|
36.5 |
41.0 |
|
11.0 |
|
r = revised
ARTICLE BELONGS TO CAR.ORG
February
22
22
Search for California mortgage lenders
Search for California mortgage lenders
Our advertiser offerings stretch from coast to coast. Bankrate consumers have provided valuable ratings and reviews regarding their experiences.
Showing 40 of 219 lenders
| Lender |
|
|
Lender description | |
|---|---|---|---|---|
NMLS #1817479 |
5.0 |
4.8 |
Orchard Mortgage is a mortgage broker and lender headquartered in Austin, Texas. The company was founded in 2019 by industry veterans Sean Marsh and... |
Read review |
NMLS #274058 | State License: 1026177 |
5.0 |
4.8 |
Direct Home Lending, founded in 2006, is an online and brick-and-mortar lender that offers loans in some states. The lender offers 24-hour approvals... |
Read review |
NMLS #330511 | State License: 6052748 |
5.0 |
4.3 |
Better, also known as Better Mortgage, is a direct online lender established in 2016 and providing a completely online process where rates, loan... |
Read review |
NMLS #2289 | State License: 0785 |
5.0 |
4.9 |
Homefinity is an online mortgage lender affiliated with Fairway Independent Mortgage Corporation and headquartered in Madison, Wisconsin. Launched in... |
Read review |
NMLS #412915 |
4.9 |
3.3 |
Citibank (Citi Mortgage) is an online and brick-and-mortar lender established in 1979 and part of banking giant Citigroup, Inc. The bank provides a... |
Read review |
NMLS #181005 | State License: 15923 |
4.9 |
4.3 |
Ally Bank began offering direct-to-consumer home loans in 2016. The bank and lender provides several mortgage options, including conventional loans,... |
Read review |
NMLS #399801 |
4.9 |
5.0 |
Wells Fargo Home Mortgage, part of the namesake bank, offers home loans for a variety of needs, including home purchases and new builds, investment... |
Read review |
NMLS #1374724 | State License: 60DBO87037 |
4.9 |
4.8 |
Sage Mortgage is an online mortgage company that both underwrites loans and works with multiple wholesale lenders. The broker was founded in 2020 and... |
Read review |
NMLS #1121636 |
4.9 |
1.0 |
Originally founded as Social Finance in 2011 to help borrowers manage student loan debt, SoFi started offering mortgages in 2014. Today, the company... |
Read review |
NMLS #227765 | State License: CL-1256692 |
4.8 |
5.0 |
eClick Lending is an online-only mortgage lender headquartered in Oakbrook Terrace, Illinois, lending $1 billion to $2 billion per year. It is a... |
Read review |
NMLS #3277 |
4.8 |
4.8 |
LowRates.com (also known as LowRates), is operated by Sun West Mortgage Company, an online and brick-and-mortar lender established in 1980.... |
Read review |
NMLS #3001 |
4.8 |
4.9 |
Cherry Creek Mortgage, also doing business as Blue Spot Home Loans, has originated more than $78 billion in loans since launching in 1987. Today, the... |
Read review |
NMLS #446303 |
4.8 |
4.4 |
Founded in 1852 as Pittsburgh National Bank, PNC is a national bank and lender with branch locations in 29 states and mortgages available nationwide.... |
Read review |
NMLS #6606 |
4.8 |
4.3 |
Headquartered in Orange County, California, New American Funding has more than 170 branches across the country. The lender is especially focused on... |
Read review |
NMLS #409631 |
4.8 |
4.9 |
NBKC Bank is an online and brick-and-mortar lender, established in 1999, that provides a variety of mortgage options, including conventional and... |
Read review |
NMLS #1907 |
4.8 |
5.0 |
Established in 2002, Veterans United Home Loans is a full-service direct mortgage lender specializing in VA loans with a team of over 5,000. Veterans... |
Read review |
NMLS #1429243 |
4.8 |
4.2 |
Founded in 2016, Morty is an online mortgage broker based in New York City. The brokerage has processed roughly $1.9 billion in loans, and it prides... |
Read review |
NMLS #66247 |
4.8 |
4.5 |
A division of Cardinal Financial, Sebonic Financial is a privately held lender based in Charlotte, North Carolina. Octane, the lender's proprietary... |
Read review |
NMLS #78669 | State License: 01426454 |
4.7 |
4.9 |
HomePlus Mortgage is a mortgage broker headquartered in San Diego, California, with branches in California and Texas. The broker, founded in 1999,... |
Read review |
NMLS #1132440 | State License: ML5346 |
4.7 |
5.0 |
One True Loan is an online mortgage broker based in Anaheim, California, offering loans in 10 states. The broker offers the basic slate of mortgage... |
Read review |
NMLS #449104 |
4.7 |
1.0 |
Headquartered in Bethpage, New York, Bethpage Federal Credit Union has more than 430,000 members and more than $11 billion in assets. The credit... |
Read review |
NMLS #757416 |
4.7 |
4.7 |
First Mortgage Direct, a division of Bison State Bank in Kansas, is available to borrowers nationwide. The lender was founded on the principles of... |
Read review |
NMLS #2389303 | State License: 23219 |
4.6 |
4.8 |
Real Genius (formerly ConsumerDirect Mortgage) is an online mortgage lender offering conventional and some government-insured loans for both home... |
Read review |
NMLS #459308 |
4.6 |
4.8 |
Established in 1834, Old National Bank is one of the biggest in the Midwest, with more than 250 banking centers in Indiana, Kentucky, Michigan,... |
Read review |
NMLS #449401 |
4.6 |
4.5 |
Third Federal Savings and Loan is a mid-sized bank based in Cleveland, Ohio, offering mortgages in 25 states and Washington, D.C. Through Third... |
Read review |
NMLS #417490 |
4.5 |
N/A |
Flagstar Bank provides a variety of mortgage options for borrowers, including conventional loans, jumbo loans, government-backed loans and... |
Read review |
NMLS #3030 |
4.5 |
4.8 |
Rocket Mortgage is a leading online mortgage lender in the U.S., closing $351 billion in loans in 2021. Headquartered in Detroit, Rocket parent... |
Read review |
NMLS #503941 |
4.5 |
4.7 |
The biggest family-run bank in the U.S., First Citizens Bank assists borrowers with mortgages, in addition to offering banking, business and wealth... |
Read review |
NMLS #399799 |
4.4 |
5.0 |
HSBC Bank is one of the biggest financial institutions in the world, established in 1865 and offering services including banking, investing and... |
Read review |
NMLS #174457 |
4.4 |
3.7 |
LoanDepot was founded in 2010 and has quickly become one of the biggest names in the mortgage market. The lender offers an end-to-end digital... |
Read review |
NMLS #1124061 |
4.2 |
5.0 |
Lower is an online-only mortgage lender with hubs in New Albany, Ohio and Columbia, Maryland. In addition to offering mortgages, the lender offers... |
Read review |
NMLS #1168 |
4.1 |
3.9 |
AmeriSave Mortgage Corporation, a direct-to-consumer mortgage lender, has approximately 1,000 licensed mortgage originators spread across the... |
Read review |
NMLS #138075 | State License: 06-20106 |
4.1 |
4.8 |
HomeLend Mortgage is the consumer direct company owned by New Jersey-based Kwik Mortgage. The lender has helped more than 10,000 borrowers with more... |
Read review |
NMLS #2948 |
4.1 |
3.4 |
Wyndham Capital Mortgage is a digital lender established in 2001 and based in Charlotte, North Carolina. It provides mortgage financing in the... |
Read review |
NMLS #3029 |
4.1 |
5.0 |
Best Rate USA is a direct online mortgage lender affiliated with CrossCountry Mortgage and founded in 2008. The lender operates in several states and... |
Read review |
NMLS #39179 |
4.1 |
2.0 |
Founded in 2008, Movement Mortgage is an online and brick-and-mortar lender that provides a variety of mortgage options, including conventional,... |
Read review |
NMLS #164626 | State License: 0019241 |
4.1 |
4.8 |
NationsChoice Mortgage is a mortgage banker serving borrowers in Arizona and California. While it's primarily known as an online lender, it does... |
Read review |
NMLS #7872 | State License: 029002 |
4.1 |
4.5 |
Zero Mortgage, an affiliate of Interfirst Mortgage Company, is an online-only mortgage lender headquartered in Chicago. If you qualify, you could get... |
Read review |
NMLS #10287 |
4.1 |
4.8 |
Zillow Home Loans is a direct mortgage lender affiliated with Zillow Group. The digital lender provides mortgages in most states, but doesn't... |
Read review |
NMLS #240415 | State License: 01525044 |
4.1 |
5.0 |
Optimum First Mortgage offers loans in 18 states and has originated more than 21,000 mortgages since its founding. If you're eligible, you can... |
Read review |
February
22
22
California REALTORS® support move by HUD and FHA that provides greater homeownership opportunities
February 22, 2023
California REALTORS® support move by HUD and FHA that provides greater homeownership opportunities
LOS ANGELES (Feb. 22) – The CALIFORNIA ASSOCIATION OF REALTORS