Picking Up the PACE

A bill aimed at regulating loans created by the Property Assessed Clean Energy (PACE) program is making national industry headlines. The PACE Act of 2017 aims to amend the Truth in Lending Act, a chief regulation governing big banks and mortgage companies, to include PACE lenders. If the bill is passed, PACE lenders would be […]

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 […]

Home Flipping in California

Nearly 40,000 people flipped their properties in the second quarter this year – the most since the second quarter of 2007, according to a recent report from ATTOM Data Solutions. The company analyzed public sales deeds of more than 950 counties, representing 80% of the U.S. population, on homes that were bought and then sold […]

Real Estate Firms Remain Optimistic

Good news: the vast majority of real estate firms have an optimistic outlook for the future of the industry’s profitability and growth, according to the National Association of Realtors® (NAR) 2016 Profile of Real Estate Firms. Profitability expectations have declined from the 2015 survey, mainly due to inventory shortages and home-price growth, but real estate […]

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 […]

Loan Originations at a High, More Homes For Sale Soon

Real estate predictions for the coming years are generally positive. With strong home sales, near-historic low interest rates, a refi boom, and steady home price appreciation, Freddie Mac’s economic team projects that mortgage loan originations will scale nearly $2 trillion for 2016. The projections from the current edition of the company’s Economic and Housing Research Outlook […]

Housing Barely Budging

The National Association of Home Builders (NAHB) has conducted its Housing Market Index (HMI), which it produces in conjunction with Wells Fargo, for the past 30 years. The HMI is derived from new-home builder survey responses which in July reported an utterly static outlook. “For the past six months, builder confidence has remained in a […]

April Home Sales Surge, Foreclosures Drop

This just in: after disappointing March data, new home sales surged in April. The Census Bureau and the Department of Housing and Urban Development reported this week that sales were at a seasonally adjusted annual rate of 619,000. This is an increase of 16.6% from the previous month and 23.8% higher than in April of […]