Market Trends
Real Estate Headlines
Recent increase in housing formation, lowered interest rates, make better housing market. Los Angeles still low on approved housing construction; mortgage rates dropped as low as 3.60%, read more at the link . . .
In June, existing home sales dip but new home sales increase; jobless claims drop to lowest level in 3 months
California median home price up slightly from May of 2018; housing permits fall to lowest level in 2 years, read newsletter at the link . . .
Calif. Assoc. of Realtors upgrades its annual forecast at last week's midyear presentation to even better sales and faster price growth than predicted last Fall; FHA bill clears the House allowing 1st time buyer to receive discount on mortgage insurance premiums, read more at link; mortgage delinquency lowest in over 20 years . . . .
Home prices increased 3.6% from one year ago, additional increase predicted to 5.6% by May 2020; tariff worries have some impact on manufacturers and service sectors; jobs added in June; see newsletter at the link . . . .
Home prices flat in April; mortgage rates at 3.73% overall;
Weak home-price gains, falling sales, Americans cut back on spending, and mortgage applications decreasing
California's housing market, although not surging ahead, is looking much less scary than it did during the first quarter
Slow but upward trending price growth, widening trade deficit, mortgage applications slightly up
Low home price appreciation, weak income growth, dropping mortgage rates
Orange County's median home price for April 2019, price trends for last 2 years, unsold inventory index, median time on market before sale.
Los Angeles County's median home price for April 2019, price trends for last 2 years, unsold inventory index, median time on market before sale.
The latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates
Existing and new home sales, economic growth, rates up, mortgage applications down
Moderate CA sales and price, slow start for spring building, rising rates
Optimistic homebuyers, new home purchase applications, mortgage rates
Housing and Real Estate articles on the Economy - Mortgage rates in 3 month low - national home prices slow. Articles from Wall Street Journal, Housing Wire, CNBC, and more. see the link
Downloadable articles from Wall Street Journal, Freddie Mac, Housing Wire, etc., on subdued mortgage rates, lower consumer confidence, construction spending, and more at the link
California cities among the 10 most expensive, Have LA prices peaked?, see more at link . . .
Builders offering discounts in a slowing market; what is in the new Governor's housing budget?; mortgage rates remain reined in, see more at link
Higher home prices pay off for the long term; who is moving to California?, see more at link
Bay Area housing, more expensive and getting less; home renovation projects are going DIY; San Diego County renters spending 30 percent and more on rent;
Homeownership rate to rise in 2019; 30 year mortgage rates fluctuating, but higher; find out what first time buyers regretted and would do differently, see more at the link
October, 2018, California Association of Realtors' economic report and market prediction for 2019, download full presentation here.
Prices Up 7.89% from one year ago
Possible precedent for future decisions about development along the region’s growing Metro rail network.
Between 2010-2015, denser urban locations grew significantly faster than residential neighborhoods
For California to become a more affordable place to live is for developers to build at rates not seen in at least three decades.
San Francisco owners converted to condos; rent control does not necessarily help those who would need it most, read from The Economist
More land and cheaper, more government financing housing support are part of the reason buying a home was within reach of the average wage earner
Credit scores for one thing, so try to raise your score! It can be done!
Most landlords are the mom-pop type, not huge greedy corporations.
Activists are Pushing for the Ballot Vote
Market Snapshot
Difference between 7% vs. 3.3%?
See a chart for both.
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