The economists like the housing market, but they are known to play it safe. How about the consumers? I'd prefer to survey the active home buyers and sellers in our area to get the best reading on our future. But here are the sentiments of 1,079 American adults over...
Home values continue to climb, passing $200,000 in June for the first time ever. A panel of more than 100 real estate economists and experts expect that trend will continue – while they say, on average, that there’s a 52 percent probability of the next recession...
An excerpt from this article: http://www.latimes.com/business/la-fi-home-prices-20170725-story.html Home prices have now been rising for more than five years, the result of a growing economy, rock-bottom mortgage rates and a shortage of homes on the market....
Leslie Appleton-Young, vice president and chief economist, California Association of REALTORS® (C.A.R.), recently delivered her annual “2017 Housing Market Perspectives” presentation to a group of local REALTOR® members. “It may be a bumpy ride, but I believe there...
The inauguration is almost here - Trump will be your president on Friday! How will he affect our local real estate market? His detractors are aghast over his tweets, but Trump keeps them coming. In spite of their bombastic nature, I think we are already numb to his...
They may be using an algorithm or math formula to calculate the above, but there is more to the discussion. The attractiveness of renting is different for everyone, regardless of income. P.S. Rates have settled down nicely, and are at 4.10% today. Read full article...
Happy New Year! Other topics: Pre-Listing Inspections - If you are buying and selling around the coast, chances are that you're dealing with an older house. Not many have been updated and remodeled enough to deserve today's record-high prices - and at this point,...
It is assumed that the real estate industry is ripe for disruption. We see a new whiz-bang website just about every week that was developed by two guys in a garage who think they have the answer - but then are never heard from again. The reason is advertising. Zillow...
Logically, it would make sense to expect that higher rates AND prices would raise the home-selling intensity to a whole new level. Buyers will expect prices to re-trace somewhat, and will probably think, "Can't we just go back to 2015 prices?" And sellers will think,...
Just two months ago, on October 5th, the NAR prediction was for 6 million existing home sales in 2017 - they have backed it down to 5.5 million now. Fannie, Freddie, and the MBA are predicting 6.2 million and higher, but the 5.5 million looks more realistic. We...
