Buying A House In California 2017 File

Competitive markets often resulted in multiple-bid situations. Buyers were advised to remain data-driven and avoid overextending their budgets.

Supply hit historic lows, with an "unsold inventory index" of just 2.5 months toward the end of the year—the lowest level since 2004. buying a house in california 2017

First-time buyers often turned to programs from the California Housing Finance Agency (CalHFA) for down payment and closing cost help. First-time buyers often turned to programs from the

The average interest rate for a 30-year fixed mortgage was roughly 4.0% , a slight increase from the near-record lows of 3.6% in 2016. Steps to Buying a Home | CA Housing Finance Agency - CalHFA

Buyers were encouraged to set aside 1.5% to 5% of the purchase price for closing costs, which in California include escrow fees, title insurance, and appraisals. Steps to Buying a Home | CA Housing Finance Agency - CalHFA