Southern Californians Struggling to Afford Homes

Posted Leave a commentPosted in Housing shortage, Market Direction, Statistics

According to the California Association of Realtors (CAR), in the third quarter of 2018 just 27% households in California would be able to afford a median priced home at $588,530, requiring an annual income of at least $125,540. While this is up 1% from second quarter, it’s down 1% from the same time last year. The percent […]

2019 Market Predictions

Posted Leave a commentPosted in Housing shortage, Market Direction, Sales Data, Statistics

The California Association of Realtors (C.A.R.) is predicting a slowdown in the 2019 housing market. Interest rates will continue to go up, straining already weak affordability and reducing demand. The senior Vice President and Chief Economist of C.A.R., Leslie Appleton-Young, says that high prices despite our recovery from the housing shortage are fueling a period […]