Auburn’s mortgage math now claims nearly half of what a typical household earns
At 6.95%, the payment on a median-priced Auburn home eats 45.7% of local median income — and this month's rate jump added $133 a month.
At 6.95%, the payment on a median-priced Auburn home eats 45.7% of local median income — and this month's rate jump added $133 a month.
The payment on a median-priced Granite Bay home has climbed to $7,277 a month after rates rose to 6.95%, eating 47.3% of local median income.
The typical Sacramento rent climbed to $2,056 in August, a new peak for the metro, though the year-over-year gain remained modest compared with recent history.
A year of rising rates and climbing prices has added $737 to the monthly cost of a median-priced Newcastle home — an outsized hit compared with peer markets.
A 0.42-point rate increase adds $170 a month to the payment on a median-priced Folsom home — well above the hit landing in most nearby cities.
The city moved forward on land deals and fee breaks for hundreds of below-market homes, while also lining up an annexation for 17 new lots and reviewing how it spent federal housing dollars.
The Lincoln City Council is reviewing a binding contract with developer JEN California 28 LLC to build homes on roughly 21 acres in the city's Village 1 planning area, locking in the terms and fees for the project.
The Sacramento City Council received notice of a parcel map for a property on D Street, a routine step that clears the way for a single lot to be divided.
The City Council updated its Accessory Dwelling Unit rules and cleared a key map for the Steelridge subdivision, while advancing financing tools for two large planned communities.
County supervisors weighed a coastal plan amendment for the Rose project and new airport compatibility rules on September 22 — decisions that shape where and how homes can be built near the coast and Santa Barbara Airport.