Across the nation, the share of high-tier homes has risen dramatically in the past two years. That doesn’t mean there are more homes, though — there are much fewer, and most of them aren’t the more affordable low- and mid-tier homes. There’s a lack of affordable housing, and a lack of housing in general. In […]
When it comes to finding the right home, most buyers are aware that the perfect home doesn’t exist, so compromises need to be made. In the spring of 2018, the features that buyers were most looking at were a garage, an updated kitchen, and an open floor plan. Priorities have shifted now. 78% of buyers […]
By Carl Clark The sellers’ market has peaked for the Beach Cities. If you’ve been waiting for the “top of the market” before listing — this is it! Real estate is the quintessential example of the law of supply and demand. Ideally there would be one buyer for every seller in the market. That way […]
CoreLogic, a leader in global property data analysis, has recently released July data. This data saw a 6.2% increase in prices during the prior 12 months, and the increase is projected to continue into next year, albeit at a slower rate. The estimation is a 5.1% increase from July 2018 to July 2019. CoreLogic’s Market Condition […]
Nationwide, July saw the sale of existing homes decrease for the fourth straight month. Some Wall Street Journal economists had predicted an increase of 0.6% from June to July due to what looked like a recovering market after the recession. It actually fell 0.7%. Rising house prices are pricing people out of affordable housing rather […]
The total number of people in the US willing to relocate for a job has been trending downwards for a few years, with a decrease of 10% from 2015 to 2017. This is despite a 20% increase in population over that time period. As a percent, the share of relocating for jobs has been dropping […]
Some markets have recovered very well from the recession, with over 95% of home values in seven of the 35 largest markets exceeding the pre-recession peak in 2006. And in 21 of those 35, the median home value has reached this point. The housing boom and bust didn’t affect every market equally, though, and nor […]
A trend among Millennials is increasing the percent of unmarried couples buying homes. They aren’t in a rush to get married, but they’re committed, and purchasing a home together is definitely a sign of commitment while being a much more time-sensitive investment. Compared to 1985, the percent of married first-time homebuyers has dropped 18%, from […]
The city of Torrance offers the bulk of opportunities for senior housing in the South Bay. We’ve identified 10 distinct locations with homes exclusively for those 55 years of age and older. They cover a wide variety of living styles, building ages, community sizes, purchase prices and monthly costs. The available homes change constantly, much […]
Many people who are seriously thinking about buying or selling are familiar with buyers’ markets and sellers’ markets. Realistically, though, the real estate market can be divided into three phases: buy phase, hold phase, and sell phase. So what are the indicators of each of these phases, and most importantly, which phase are we in […]