Southern California focused Housing Reports by Steven Thomas argues against any drastic housing implosion in 2023. This view is consistent with most housing economists. It is based on the high equity position of homeowners coupled with the comparatively low housing...
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Chapman’s Business forecast joined the consistent chorus of economists anticipating a mild to moderate recession by mid to late 2023. One common predictor used was the drop of the 10 year Treasury Bond below the Federal Funds Rate. A cross...
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The rising rental rates that spiked earlier this year have begun to cool down this winter. Zillow’s Observed Rent Index saw a year over year rent peaking at 17% in February 2022. It has slowed to 11% increase in September....
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Home sales saw a 21% drop in units based on October 2021 and October 2022 numbers. There are several factors in this drop, but the most dramatic indicator is the rise in mortgage interest rates from 3.1% to 6.9% in...
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Rising rates are having their effect on the resale housing market. Orange County home resales dropped almost 60% from October 2021, and significantly lower than September 2022. Gary Keller of Keller Williams referred to the national sales drop as the...
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This seems like an obvious and safe bet since they are the next in line to enter the homeownership market as 25-40 year old. There are a few essential facts that couple with their growing participation in the home buying...
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The rapid jump in inflation hasn’t been experienced by many people living today. We have to go back to the 1970s and 1980s to find a similar time in our economy. This is illustrated by Reports on Housing October letter...
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We all saw the ads for deep pocketed companies willing to buy our home on the cheap and easy. No cleaning it up for showings, no fixing of leaks, no new painting required. In exchange for a quick and mostly...
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The total number of sales for June (the last complete month available) was 2,767 compared month over month with June 2021 (as are all figures) it was a negative 33.5%. The median price however still rose 13.9% to $1,025,000. Single-family...
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It’s the data everyone has been expecting. What goes down must go up — call it economic physics; interest rates could not stay at 3% forever. Of course, this is explanation enough for the sizzling market, expressed as raw, purchasing...
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Southern California focused Housing Reports by Steven Thomas argues against any drastic housing implosion in 2023. This view is consistent with most housing economists. It is based on the high
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