🏡 California Housing Shows Resilience Despite Higher Rates
The housing market continues to navigate a challenging environment shaped by elevated mortgage rates, affordability concerns, and ongoing economic uncertainty. While the Federal Reserve remains cautious on interest rates, California's housing market is showing encouraging signs of resilience. Home sales have improved from a year ago, home prices have reached new record highs, and consumer spending remains steady. If inflation continues to cool and mortgage rates gradually ease, the second half of the year could bring stronger momentum for buyers and sellers across Southern California.
Federal Reserve Holds Rates Steady
The Federal Reserve left interest rates unchanged at its latest meeting, emphasizing that inflation remains its top priority. While officials signaled that rates could stay higher for longer, they also acknowledged that future decisions will depend on incoming economic data.
For the housing market, this means mortgage rates may remain volatile in the near term. Any meaningful decline in borrowing costs will likely depend on continued progress in reducing inflation and maintaining a stable economy.
California Home Sales Continue to Improve
California existing home sales posted their second consecutive year-over-year increase in May—the strongest annual gain in eight months. Although sales slowed slightly from April, buyer demand remains stronger than it was a year ago. Recent easing in geopolitical tensions and the possibility of lower mortgage rates later this year could help encourage more buyers to return to the market during the second half of 2026.
Home Prices Reach Another Record High
California's median home price climbed to a new record of more than $930,000 in May, reflecting continued demand despite affordability challenges. Limited housing inventory continues to support home values across much of the state. While elevated mortgage rates may slow the pace of appreciation, prices are expected to remain relatively stable through the remainder of the summer.
What This Means for Buyers
- Mortgage rates remain the biggest affordability challenge.
- More stable economic conditions could improve financing opportunities later this year.
- Buyers may benefit from additional negotiating power if inventory continues to grow.
What This Means for Sellers
- Limited inventory continues to support home values across many Southern California communities.
- Well-priced, move-in-ready homes continue to attract motivated buyers.
- Improving buyer confidence could create more opportunities as mortgage rates stabilize.
Bottom Line
Despite higher borrowing costs and ongoing affordability challenges, California's housing market continues to show encouraging signs of stability. Rising home sales, record home prices, and resilient consumer spending suggest that demand remains intact.
For homeowners in Long Beach, Orange County, and throughout Southern California, the outlook for the second half of 2026 remains cautiously optimistic. If inflation continues to ease and mortgage rates gradually decline, the market could gain additional momentum heading into the fall.
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700 E. Ocean Blvd #1501
Long Beach, CA 90802
2 Bed | 2 Bath | 1,084 SF | $500,000
Welcome to International Tower, one of Downtown Long Beach's most iconic Mid-Century Modern landmarks. This beautifully remodeled 15th-floor residence offers 2 bedrooms, 2 bathrooms, and 1,080 square feet of sophisticated coastal living. Enjoy peekaboo ocean views, marina views, sparkling city lights, and a spacious wraparound balcony that invites you to relax and enjoy the vibrant waterfront setting. Designed with quality and attention to detail, the home features gorgeous hand-fired Italian tile flooring throughout, extending seamlessly onto the wraparound balcony to create a true indoor-outdoor living experience. The designer kitchen showcases waterfall stone countertops, sleek contemporary cabinetry, stainless steel appliances, and a breakfast bar perfect for casual dining or entertaining. Custom blackout and sheer window coverings provide both privacy and elegance while allowing you to control the abundant natural light throughout the home. A rare and highly desirable feature, this residence is one of only a handful of homes in the building equipped with air conditioning, offering year-round comfort. The flexible floor plan includes two spacious primary suites, making it ideal for guests, multigenerational living, or a private home office. Residents enjoy resort-style amenities including 24-hour guarded security, controlled access, a sparkling pool, fitness center, recreation room, billiards room, barbecue area, meeting room, beautifully maintained grounds, guest parking, and secure garage parking. Beyond your front door awaits the very best of the Long Beach waterfront lifestyle. Walk or bike along the shoreline, explore Shoreline Village and Rainbow Harbor, enjoy waterfront dining, or spend the afternoon at the Aquarium of the Pacific. Throughout the year, Long Beach hosts concerts, festivals, farmers markets, and internationally recognized events, including the Acura Grand Prix of Long Beach. The Pike Outlets, Belmont Shore, marinas, beaches, and miles of coastal pathways are all just minutes away, making every day feel like a vacation.
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258 Argonne
Long Beach, CA 90803
4 Bed | 3 Bath | 3,004 SF | $2,395,000
Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather.
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13631 Richardson Way
Westminster, CA 92683
3 Bed | 1.5 Bath | 1,128 SF | $1,068,000
Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!
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3142 Quail Run Rd
Rossmoor, CA 90720
3 Bed + Den | 3.5 Bath | 2,752 SF | $1,799,000
Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.
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205 Ocean Pl
Seal Beach, CA 90740
4 Bed | 4.5 Bath | 3,704 SF | $4,600,000
Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.
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124 Verdin Lane
Aliso Viejo, CA 90630
2 Bed | 2.5 Bath | 1,124 SF | $795,000
Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!
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8877 Lauderdale Ct #213G
Huntington Beach, CA 90630
2 Bed | 2 Bath | 1,009 SF | $630,000
Resort-Style Living - Top-Floor 2-Bedroom Condo in Huntington Landmark 55+ Community! Welcome to this beautifully updated 2-bedroom, 2-bath top-floor condo in the highly sought-after, guard-gated Huntington Landmark active adult (55+) community. Surrounded by lush, well-maintained grounds, this vibrant community offers an exceptional lifestyle with resort-style amenities including two pools, spa, fitness center, putting green, tennis and pickleball courts, BBQ area, clubhouse, woodshop, sewing room, and more. This desirable Newport Model home is light, bright, and private, featuring a spacious living room that opens to a patio with peaceful treetop and community views. Enjoy modern water-proof laminate flooring throughout and a well-appointed kitchen with white cabinetry and stainless steel appliances, including a Frigidaire Gallery refrigerator. Both bathrooms have been tastefully updated with stone countertops, newer vanities, and stylish walk-in showers. The primary suite offers a large walk-in closet and an updated en-suite bath, creating a comfortable and relaxing retreat. Additional conveniences include in-unit washer and dryer. Experience the best of coastal living in a welcoming 55+ community with endless opportunities for recreation, relaxation, and social connection—all just minutes from shopping, dining, and the beach. FHA and VA approved.
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850 E Ocean Blvd #302
Long Beach, CA 90802
2 Bed | 2 Bath | 1,370 SF | $850,000
Welcome to The Pacific, a luxury high-rise with stunning ocean views. This secure, 24/7 concierge-serviced building delivers resort-style living with direct access to the beach, a state-of-the-art fitness center, pool, spa, beach front fire pit, bbq area, and banquet/meeting room. This 3rd floor, 2 bedroom, 2 bathroom condo features hardwood floors and a private balcony off the living room, perfect for enjoying the ocean view. The kitchen is equipped with granite countertops, stainless steel appliances, including an oven, and dishwasher, combining style and performance. The spacious primary suite features custom closets and an en-suite bathroom designed for comfort, complete with a walk-in soaking tub, separate shower, and dual sinks. The secondary bedroom features a Murphy bed, allowing flexibility for a guest room, office, or additional living space. Other features include new paint, inside laundry with full-size washer and dryer, utility closet and storage space. The area is conveniently located near Shoreline Village, restaurants, shopping, and transportation. Experience elevated coastal living in one of the area's most sought-after oceanfront communities.
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