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First quarter 2024 housing affordability report
Seventeen percent of California households could afford to purchase the $814,280 median-priced home in the first quarter of 2024, up from 15 percent in fourth-quarter 2023 and down from 20 percent in first-quarter 2023.
44% of adults would buy their childhood home today if they could afford it
Nearly two-thirds of Americans born in the 1980s (62%) and more than half of those born in or after 1990 (55%) would buy their childhood home today if cost were not an issue.
Mortgage Rates Decrease for the First Time Since March
MCLEAN, Va., May 09, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.09 percent.
CA REALTORS® place open letter in California newspapers
California REALTORS® place open letter in California newspapers to mitigate confusion about pending changes in industry business practices. LOS ANGELES (May 1) – In light of the preliminary court approval of a settlement by real estate brokerages and the National Association of REALTORS®.
The Duckhorn Portfolio Closes Acquisition of Sonoma-Cutrer Vineyards
ST. HELENA, Calif.–(BUSINESS WIRE)–The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) announced the completion, effective April 30, 2024, of its acquisition of Sonoma-Cutrer Vineyards (“Sonoma-Cutrer”), one of the largest and fastest-growing luxury Chardonnay brands in the U.S., from spirits and wine company, Brown-Forman Corporation (NYSE: BF.B) (“Brown-Forman”).
Napa Valley Vintners Go to Washington
Napa Valley Vintners are in Washington DC this week to lobby for a number of initiatives, including more funding for fire mitigation and smoke exposure research and more protection of the Napa Valley name. The advocacy meetings started Tuesday and end Thursday in Washington D.C.