Higher Home Prices And Economic Recession Dampen California Housing Affordability
Thirty-three percent of California households could afford to purchase the $610,850 median-priced home in the second quarter of 2020, down
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Thirty-three percent of California households could afford to purchase the $610,850 median-priced home in the second quarter of 2020, down
Before COVID-19, the real estate market was strong. Supply was low, demand was high, and affordability fueled by low mortgage rates was
Recession is a scary word but context is everything. The “flatten the curve” mentality temporarily closed many businesses, naturally leading
It’s an easy assumption. If people can’t pay their mortgage, they will have to foreclose. And while under ordinary circumstances,
While the economy’s status continues to be a source of concern, most economists predict that low supply and high demand
Not only are home showings up, they are higher than they were at the beginning of the year. While they may
Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve
There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of
Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for