California

Southern California housing markets are rebounding off what arguably was the worst April in the history books.

Eager buyers and reluctant sellers pushed Bay Area homes prices higher again in April, fueling quick sales and a robust market despite coronavirus restrictions.

One criticism of the CARES Act is that it provides relief only to borrowers with government-backed loans. Bills in New York and California would cover the remaining 30% of homeowners.

Homebuilding in San Diego County nearly doubled from last year in the first quarter of 2020 despite COVID-19 closures.

Nine years of annual home price gains are expected to come to an end by next April, according to CoreLogic, although prices in Southern California are projected to continue rising.

Homebuilders were a rare, bright spot in an otherwise dreary April for Southern California's housing market.

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

Illustrating the chilling effects the coronavirus crisis has had on the housing market, Southern California home sales fell 26.6% in April compared with a month earlier, while year-over-year sales were down 31.5%.

Only 244 single-family homes were sold in Sonoma County, Calif., in April, down from 300 in March and 363 in April a year ago.

A once-in-a-century pandemic, widespread lockdowns and economic woe — none of it was enough to keep Bay Area home prices from going up.