The California housing market is staying hot, but cooling off some. There will be a seasonal slowdown coming up, but there is also some buyer burnout. Mortgage rates are still great, and any normalization of the supply/demand equation will be healthy for the market. If you are in the Los ... » Learn More about California Real Estate Market at a Glance July 2021
Market Updates
Real Estate – It’s All About the Inventory
Housing valuations and rental costs are manipulated by the old economic fact, supply and demand. Housing construction has lagged the needs of the population growth, and the Millennials are hitting peak buying age. While still at historic lows, the inventory is slowly building. For those thinking ... » Learn More about Real Estate – It’s All About the Inventory
California Real Estate Market at a Glance June 2021
The California real estate market stays hot. Inventory is building slightly, but still very tight. Rates have been coming down from a few months ago, offsetting some of the escalation of valuations. Many qualified buyers have been either priced out of the market, or have been frustrated losing out ... » Learn More about California Real Estate Market at a Glance June 2021
California Real Estate Market at a Glance May 2021
California Housing maintains its record-setting pace with the state's Median Price up 39% year over year to $818,260. What skews that number is that's not the "Average Price"... but half the sales are more than that number, half for less. Because there are more multi-million dollar properties ... » Learn More about California Real Estate Market at a Glance May 2021
California Residential Real Estate Strongest Price Growth Ever Recorded
The supply and demand inequalities continue to drive the median residential real estate prices higher across California. Even though added housing stock would be advantageous to handle the pent-up demand, builders are having issues finding skilled labor, having supply chain issues getting ... » Learn More about California Residential Real Estate Strongest Price Growth Ever Recorded