Rising House Prices Lead to Longer Commutes

Posted Leave a commentPosted in Buying a new (to you) home., Housing shortage, Market Direction

It’s no secret that many people dream of living in California. This comes at the cost of an average statewide house price over twice the national average, for a number of reasons. Despite its size, California is limited in amount of vacant land available, as a result of both the high population and topographical constraints. […]

Buyers regaining confidence in the market as homeowner confidence drops

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

Many prospective home buyers still don’t think they can afford a down payment just yet, but they’re becoming hopeful. Lenders are more willing to loan to first-time buyers, and the sheer demand is, perhaps artificially, inflating morale. Buyers are aware they need to make sacrifices, though. Over half are willing to take up a second […]

Finding affordable housing gets easier

Posted Leave a commentPosted in Financing, Housing shortage

New laws passed in September of 2017 are aimed at allowing for and funding the construction of lower-income, higher density housing in California.  Following are synopses of the more impactful changes.  Elsewhere on this blog is a more in depth article on Accessory Dwelling Units, or ADUs, also known as grannie flats. (http://www.carlandarda.com/wp/?p=331) SB 2, […]

Population growth is far exceeding new construction in California

Posted Leave a commentPosted in Housing shortage, Market Direction

Between 2010 and 2016, only one new housing unit was built for every four new residents in California, half the rate of most states in the nation. Builders are slowing down after the Millennium Boom, a period between 2000 and 2007 of overbuilding that led to an excess of 338,000 new housing units in California. But […]

Accessory Dwelling Unit or Bootleg Rental?

Posted Leave a commentPosted in 55+, Housing shortage, Residential Income, Senior Housing

Call it granny unit, granny flat, mother-in-law quarters, in-law quarters, casita, secondary suite, guest quarters, guest house, accessory apartment, or simply bootleg rental.  They are here and they are legal. Last year the California legislature made that final term obsolete and took a dramatically firmer stance on one solution to the state’s housing shortage.  Local government […]

Home-sales-per-household ratio remains flat despite inventory concerns

Posted Leave a commentPosted in Buying a new (to you) home., Housing shortage, Market Direction, Sales Data, Selling your home., uncategorized

The following article is reprinted from first tuesday journal, and was written by Carrie B. Reyes.  We seldom reprint entire articles, however this contains a unique interpretation of statistics worthy of being widely distributed.  Our thanks to first tuesday journal and Ms. Reyes. On a monthly basis, 2.9 homes sold per 1,000 households at the […]