The Housing Stalemate and Why Prices Will Continue Going Down: A California...
The housing market is facing conflicting headwinds like a dog being asked to “come here” from both owners at opposite sides of the room and reading through the countless market indicators can drive you...
View ArticleZillow Pauses Home Purchases and Example of it in Action: Competing Against...
If you thought it was hard enough to compete against regular home buyers and sellers, now you have a new competitor in the market, algorithms that are looking for a quick profit. Now it might seem like...
View ArticleSocial Distancing Out of California – What Does the Migration out of...
As we embark on a New Year, we can now look back on 2020 and conduct an analysis on what is happening on the ground here in California. Overall real estate prices nationwide did amazingly well amid the...
View ArticleDespite economic carnage and a raging pandemic, housing prices remain steady....
It seemed that 2020 was already turning out to be a relatively challenging year with a massive global pandemic ravaging the world. Now we have nationwide unrest with protests and rioting. Yet somehow...
View ArticleWhy are Californians moving out in droves to Texas? A trend that goes beyond...
For all of the glamor and glitz and notion that California is indestructible, there is a net migration of California residents out of the state. And why is that? Affordability continues to be the...
View ArticleLos Angeles is the most expensive place to rent and here is the reason why....
Los Angeles County is the most populated county in the nation and it is also an area where renter households are the majority. Contrary to what some will say, this is not how “it has always been”...
View ArticleCalifornia heading to a majority renter state: How will this change the way...
The trend of having the most populated state in the United States becoming one where the majority of households are renters is on track. California is morphing into a renter’s paradise. This reality...
View ArticleSoaring inventory in Southern California: Homes available for sale soar by 37...
So much for the spring and early summer bounce. Southern California is seeing a large increase of inventory. And some of this inventory is coming in the form of new condos and homes. The housing...
View ArticleMillennials are unable to save the California housing market: Inflated prices...
The housing market now sputters into the summer selling season with very little momentum. Home sales are at post-recession lows and the labor force participation rate is collapsing because you have an...
View ArticleSoCal Correction: House prices fell in Los Angeles, Orange, and San Diego...
The real estate correction is now showing up where it matters for the press, in home prices. Inventory has been growing and sales have been declining putting pressure on sellers. For the first time...
View ArticleWe’ve added 10 million new renter households over the last decade. What does...
Since the Great Recession hit, we have added 10 million renter households. The trend to renting was largely spurred by the crash in the housing market but also over qualifying Americans to purchase a...
View ArticleMillennials are not going to save the California housing market: Nearly half...
The housing correction has arrived. This should not come as a surprise given that the level of affordability is near historical lows. The real estate cheerleaders continued to mention that money from...
View ArticleIs the Los Angeles housing market in another bubble? Prices at new peak and...
We are creatures of habit and suffer from historical financial amnesia. As you would expect, the market is now turning and the question now shifts to how big of a correction we are expecting. Los...
View ArticleHere comes the inventory: Southern California unsold housing inventory now...
It was only a matter of time before inventory started hitting the market and unsold homes started to pile up. Not that home sales ever saw big volume increases but given the low inventory, any normal...
View ArticleRenters Become Majority in More than 20 Major US cities – The Millennials are...
The notion that somehow an affluent set of Millennials is going to shift the housing market is not happening. What is happening is rather clear; historically low housing inventory is causing prices to...
View ArticleHomeless in L.A. – homeless population surges 75% in past six years.
There is a homelessness crisis in Los Angeles County. The homeless population has surged by 75% in the last six years all the while home prices are back to peak levels. Yet the home ownership rate...
View ArticleThe future of California will be with rentals: California’s homeownership...
While indicators of the economy seem to be doing well, the homeownership rate in California is telling a different story. The unemployment rate looks healthy, the stock market is still very high even...
View ArticleSmallest home in Los Angeles: 264 square foot studio selling for $550,000...
People have once again lost their collective marbles when it comes to real estate. There is now a massive trend with momentum for non-stop housing appreciation. In other words, our housing bubble...
View ArticleGetting out of San Francisco: 83 percent of Bay Area renters plan to leave...
San Francisco real estate continues to operate in a land of full on self-indulged delusion and pseudo-tech worship. I travel to the Bay Area and San Francisco often and the amount of self-delusion...
View ArticleCalifornia homeowners are getting older and taking homes into the grave....
California homeowners are entering into their geriatric phase. The share of homes owned by older Californians has grown substantially since 2000. The Taco Tuesday baby boomer crowd is dominating the...
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