Zillow is reporting this week that a limited U.S. housing inventory and rapid price appreciation have kept sellers firmly in the driver's seat for several years as the United States recovered from the housing market collapse in 2008.
According to a consumer survey released by the California Association of Realtors, despite affordability challenges, California renters continue to hold homeownership in high regard and aspire to purchase a home eventually.
According to ATTOM Data Solutions recent analysis of what California's housing market would look like if the state is split into three new states per a proposal that has qualified for the state's November 2018 ballot.
According to the California Association of Realtors, California's median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year.
According to the California Association of Realtors, California's spring housing market posted mixed results as home sales cooled in April 2018, yet home prices continued to accelerate, especially in the San Francisco Bay Area region.
Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February 2018 after two straight months of declines. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest.
According to the California Association of Realtors, led by the San Francisco Bay region, California home sales registered healthy gains in February 2018 on both a monthly and annual basis after January's weak start.
According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.
A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.
According to the National Association of Realtors, existing-home sales in the U.S. increased in October 2017 to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month.
California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.
With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018
According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.
California pending home sales dropped from both the previous month and last year in November 2015, indicating that the robust sales registered in November will likely not be repeated in the months ahead.
The California Association of Realtors are reporting this week that California's existing home sales ticked up in September 2016 on a year-over-year basis for the first time in seven months.
According to JLL and its latest Tech Office Outlook report, the U.S. tech sector growth continues to outpace the national economy in 2016 and is creating strong real estate conditions across the country.
According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.
According to the California Association of Realtors, California statewide pending home sales continued to build momentum in July 2016, posting an increase from both the previous month and year.