As California property values continue to appreciate, the affordability level drops. Just wait until the interest rates go up... This is only one element of the housing affordability issues many regions in California are realizing. It's a matter of supply and demand. There aren't enough new units ... » Learn More about California Housing Affordability by County
Home Prices
Prices Are Rising Too Fast – NAR
It's all about supply and demand. The tight supply of available homes is prompting more house hunters to bid up home prices, housing analysts say. "Prices are rising just too fast," says Lawrence Yun, chief economist with the National Association of REALTORS®. "And certainly far ahead of people's ... » Learn More about Prices Are Rising Too Fast – NAR
California Housing Construction Not Keeping Up With Population Growth
California housing costs will remain high going into the future. It's a matter of supply and demand. Even though the quantity of new housing construction permits have been going up over the past few years, the quantity is no where close to where it needs to be to house the household growth of ... » Learn More about California Housing Construction Not Keeping Up With Population Growth
New Appraisal System Will Hurt Values and Be Flipper’s Nightmare
Ron Henderson President/Broker of Multi Real Estate Services Los Angeles, CA discusses a new Fannie and Freddie appraisal “review” system that could possibly turn the real estate industry upside down with delays, higher costs and dead deals. The Collateral Underwriter is active January 26, 2015. If ... » Learn More about New Appraisal System Will Hurt Values and Be Flipper’s Nightmare
California Housing Prices Plateauing
California real estate values dropped a huge 59% from it's peak May of 2007 to it's bottom February 2009. Then the big money realized housing was priced below it's long term fundamental levels. The institutional and foreign investors came in hard, pushing aside the traditional domestic buyers, and ... » Learn More about California Housing Prices Plateauing