Testimonials for Blog

California real estate market retreated slightly during November. Our updated report covers important stats including home prices, sales, and recent home sales trends from CAR, NAR,  Zillow and more. And we’ll take a look at the forecast for 2020. CAR reports a slight decrease in the home prices and sales during November. However, we are moving deep into the off season, and buyers simply aren’t as active despite low mortgage rates and the recent plateau in home prices. This is the 5th straight month of sales above 400,000 units (seasonally adjusted). November’s sales totals fell 0.3% from the October sales

The national real estate market has been strong for over a decade. Although there have been some concerns about a real estate bubble, current real estate trends show that market fundamentals remain solid. Low unemployment, a steady economy, and low interest rates are good signs for buyers and sellers. However, high home prices and a lack of available inventory have kept some entry-level buyers out of the market. Housing affordability is a major concern, and states are starting to address it through a variety of rent reforms. Where are we in the real estate cycle? Traditionally, real estate follows a

– Existing, single-family home sales totaled 389,690 in June on a seasonally adjusted annualized rate, down 4.2 percent from May and down 5.1 percent from June 2018. – June’s statewide median home price was $611,420, virtually unchanged from May and up 1.4 percent from June 2018. – Year-to-date statewide home sales were down 5.9 percent in June. – C.A.R.’s 2019 California housing market forecast was revised upward to 385,460 single-family home sales and a median price of $593,000. After rebounding in May, California home sales fell below the benchmark 400,000 level in June as sales declined from both the previous month and

There are growing signs that U.S. home prices are no longer rising. If this is indeed the case, now is the time for sellers or prospective sellers to take a good look at the state of housing markets around the country.  To make smart decisions, home sellers as well as buyers need to find out whether home price gains are simply slowing or whether housing markets are actually topping out.  An excellent publication,US Homes Sales Report, published by real-estate data firm Attom Data Solutions, gives a detailed look at conditions in major U.S. housing markets. This quarterly report provides data on

Earlier this month, the real estate research team at Zillow published a report that showed U.S. home prices dropped from March to April 2019. That was the first month-over-month drop in home values since February of 2012. According to the company’s data, a typical home in the U.S. now costs around $226,800. That was the median value, nationwide, at the time this report was published. (Of course, some real estate markets are much more expensive than that.)  As of summer 2019, home prices in many housing markets across the country are now slowing, leveling off, or even dropping. Home Prices

In Silicon Valley, the country’s most notoriously overheated real estate market, things are starting to cool off … a little.  The area saw the biggest decline in median home prices in the country last month. Homes are also taking longer to sell, with inventory of available homes for sale slowly increasing over the past year, Realtor.com found.  But the sky is hardly falling. Silicon Valley and the larger Bay Area still remain among the hottest real estate markets in the country, says Danielle Hale, chief economist for Realtor.com. “Time on the market is still relatively short compared with the rest of the country.”  Still, there is a

Rent control is back on the front burner in California as lawmakers consider a bill that would cap monthly increases statewide and Gov. Gavin Newsom weighs in to support a “renter protection package”. The push in Sacramento for rent control comes as a new effort is underway to put a rent-control measure on the California ballot. Developers and landlord groups, who helped defeat a rent-control initiative last year, are preparing for another fight. “We are adamantly opposed to this proposed ballot initiative and will spend whatever it takes to defeat it,” Daniel Yukelson, executive director of the Apartment Association of

The median monthly rent in San Francisco for a one-bedroom unit is now $3,700. Yeah, really. This means San Francisco is still the most expensive rental market in the world. According to the April national rent report from apartment search site Zumper, the dwindling supply in the area’s real estate market paired with the continued net migration to the Bay Area is driving up the median rent. The median rent price for a one-bedroom unit increased $10 from last month, reaching a new high of $3,700. “As we get into the spring months and the beginning of the hot moving season, we only

California home sales bounced back in February after hitting the lowest sales level in more than 10 years the previous month. According to the California Association of Realtors, February’s annual sales level was the highest in six months, and the monthly growth in sales was the highest since January 2011. According to information collected by C.A.R. from more than 90 local Realtor associations and MLSs statewide, sales of existing, single-family detached homes in California totaled 399,080 units in February, up 11.3 percent from the revised 358,470 level in January and down 5.6 percent from home sales in February 2018 of 422,910.

SAN JOSE, CA — In a long-awaited positive sign for home shoppers, the U.S. housing market began the year with more homes than the year prior for the first time in at least half a decade, Zillow reported.  Inventory rose 1.2 percent in January to a little more than 1.6 million homes. After falling year-over-year for 44 months straight, inventory has increased during four out of the last five months, the Seattle-based real estate analysis firm added.  The San Jose metro market remained the hottest, most valuable market in the United States. The Silicon Valley market median home value stayed high at