As the economy recovers from the effects of the COVID pandemic, mortgage applications still remain about 18% lower than one year ago, according to CNBC- likely due to a continued shortage of available homes for sale. While the Federal Reserve intends to ease its purchasing of government-backed bonds by the end of the year, we can expect interest rates to remain consistently low, at least in the short term.
The California Association of Realtors recently published their July Housing Sentiment Index- a monthly survey of 1,000 consumers regarding various economic factors that affect the housing market. While the overall index dropped only one point to 71 since June, there
After near-record lows in the month of July, interest rates are on track to bounce back up towards where they were this spring. Additionally, the number of new listings on the market as well as closed home sales continues to
It’s no secret that home values are at historical highs, prompting both casual homeowners and real estate investors alike to take advantage of this opportunity to get the most out of this seller’s market. The question is that now that your
It’s no secret that housing prices are at historical highs these days and that begs the question, Can people still afford to buy homes? The answer is absolutely YES! On June 1st, Reports on Housing published data, tracking several Southern California
Southern California home prices are projected to continue their increase through 2021 but stabilize, and possibly decrease, in 2022. The bottom line is that if you’re considering selling, the time to act is now so that you can maximize the capital returns on your sale.
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.
The core of the COVID lockdown was from March of 2020 through March of 2021. During this same period of time, home prices in San Diego rose over 19% and nationally over 13%, according to the San Diego Union-Tribune. Orange County, Los Angeles, the Inland Empire, etc. have all experienced similar home value growth.