Market Updates

Home Sales Volume is, as a rule, where we first see current market action being reflected, followed by prices. The current low sales and low inventory environment is an indicator we won’t see an increase of sales volume until after home prices bottom out in...

California home sales had their largest decline since 2014. In Southern California, home sales are off double digits. It is suggesting a softening of prices at the upper end. Looking at the 5 YEAR housing report for San Diego, here’s what stands out as the most significant...

The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in the second quarter of 2018, the all-important spring market, rose at three times the rate...

Consumer sentiment about future economic conditions in California remained about the same in the second quarter (Q2) of 2018. Planned spending on big-ticket purchases rose from the previous quarter. The outlook for future spending is more positive than negative, according to Chapman University’s California Consumer Sentiment Survey. Last quarter’s...

Will mortgage rates at recent record levels drive down home buying? Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the...

Zillow predicts that 2018 will shape up to be an even hotter real estate market than in 2017 . An analysis conducted by Zillow Research, a division of Zillow Group that operates the Zillow real estate marketplace, found that homes sold faster than ever in 2017 largely...

The mortgage interest deduction (MID), long the politician’s poster child for homeownership, has taken some hits in recent months. The MID has been under fire by Democrats for years for disproportionately benefiting wealthy homeowners. But no one really thought it would actually go away or be reduced...

Renters in 2017 spent more of their income on rent, while homeowners actually spent less of their income on mortgage payments and associated housing costs. In California, both are paying way too much. Financial experts recommend a tenant or owner limit their cost for shelter to...