Economic News

California’s housing market’s sales and price have increased in 2016 and 2017. It is forecasted that there will be a slight increase of .8% in existing home sales next year reaching 419,600 units. While the median home price for 2017 has risen to $525,000. ...

First-time homebuyers have a recorded tendency to overpay on their home purchase. A report by the Federal Housing Finance Agency (FHFA) identifies three reasons for overpayment by first-time homebuyers: first-time homebuyers are more eager to purchase than repeat homebuyers; they are less likely to identify mistakes in an appraiser’s report;...

Home prices on the rise slightly in California’s largest cities in April 2017. Home prices rose compared to the prior month across low-, mid- and high-price tiers in San Diego, Los Angeles and San Francisco. State wide, the average for low-tier property prices was 9% higher than...

While flipping increased nationally, the number of homes and condominiums flipped in California decreased in 2015. A recent report on 2016 housing trends now suggests home flipping may be gaining traction again in California.  The nation saw a 3.1% increase in flipped residences. These flipped residences are defined as a property...

San Diego Homes Price Per Sq. Foot The price per sq. foot in San Diego has steadily been on the rise over the last year. San Diego home values have gone up 5.6% over the past year. The median list price per square foot in San Diego...

In San Diego North County Coastal, the Average Days on Market trend is falling, while the Sold/Original List Price has remained steady. March 2017 is a Seller's market, which means less than 3 months of inventory based on closed sales. Homes for sale have risen 6.2%...

As the 2008 recession hit the housing market hard, San Diego County is continuing a steady recovery. Per capita income is expected to rise with increases in job numbers. This brings hope to the county’s housing market, as a complete jobs recovery will bring strength...

California’s population grew at a rate of 0.7% in 2016.  It is still moving in a positive direction, but this continues a downward trend in growth rate from the year prior. The annual rate of population growth tends to be closer to 1%. Steady population growth...