Spring Buying Season is Sweet and Sour

The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of them. The result is likely to be swiftly rising prices at the low end and challenges for first-time buyers, and sluggish price […]

2017: The Focus Ahead

Some shocking numbers have just come in. It has been reported that total housing inventory dropped 10.8% in December to 1.65 million existing homes available for sale, the lowest level since the National Association of Relators (NAR) began tracking housing supply in 1999. Inventory decreased 6.3% from last year and has fallen for 19 consecutive […]

The Great Divide

Urban areas have benefited in recent years from an influx of younger workers seeking high-paying jobs. At the same time, land-use regulations have constricted supply, helping drive up prices. While the wealthiest homeowners had a rocky ride during the past decade, their homes have recovered most or all of the value they lost during the […]

Shifting Demographics: A New Norm

The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. A new normal means interest rates will be staying low – well below 5% for the next several years – amid […]

Declining Housing Affordability & the California Economy

For the first time in nearly a year, declining housing affordability topped lack of inventory as realtors’ number one concern, with 26% stating they were concerned about low housing affordability. However, worries over a tight housing supply were not too far behind, with 19% indicating their concern. Looking toward 2017, the California realtor community is […]

It’s A Revolution: Millennial Buyers

Millennials are finally expected to unleash their buying arm in 2017. They are predicted to make up 61 percent of first-time home buyers under age 35 in the new year. The top motivators getting millennials moving now are getting married or moving in with a partner, growing tired of their current living space, and planning […]

The Importance of International Real Estate Activity

International real estate activity remains positive as foreign buyers continue to view the U.S. as a desirable place to own property. According to the National Association of REALTORS®’ 2016 Profile of International Activity, U.S. residential real estate sales to international clients accounted for $102 billion between April 2015 and March 2016. Although comprising a small […]

It’s Time to Buy

Good news for current and potential homeowners: while renters are paying more, affordability is improving for those who own their homes. The number of cost-burdened homeowners declined in 2014 for the fourth consecutive year while today low-income renters are getting squeezed out by the more affluent. Three of California’s cities appear on a list recently […]

Spring Buying Season & The Millennial Shift

Millennials are the first generation to come of age in the post-recession housing market in a relatively positive light. Yet the No. 1 barrier to entry for young, would-be homebuyers? Credit. “The mortgage industry is poised to experience a monumental shift as more millennial homebuyers begin to enter the market,” said Joe Tyrrell, executive vice […]

Millennials and the Housing Market

A lot has been said about the millennial generation and the housing market. CoreLogic recently finished a two-part series in which they looked into younger buyers and first time homebuyers and their habits. In addition, the National Association of Realtors recently published their results for Home Buyer and Seller Generational Trends survey. Their findings are […]