Higher interest rates and demand predicted in coming few years

Posted Leave a commentPosted in 55+, Buying a new (to you) home., Market Direction, Selling your home.

Global markets are stabilizing, which will cause interest rates previously held in check by cautious investors to increase. This predicts a slight downtown in 2018, since currently sales volume is low and prices are high, so rising interest rates will initially decrease demand from prospective buyers who can no longer afford to qualify for what […]

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 […]