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Get It While It’s Hot
While recent data from the U.S. Census Bureau shows that household incomes rose strongly last year, home prices are still outpacing incomes in many metro areas because of the persistent shortage of new...
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It’s A Revolution: Millennial Buyers
Millennials are finally expected to unleash their buying arm in 2017. They are predicted to make up 61 percent of first-time home buyers under age 35 in the new year. The top motivators getting...
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Declining Housing Affordability & the California Economy
For the first time in nearly a year, declining housing affordability topped lack of inventory as realtors’ number one concern, with 26% stating they were concerned about low housing affordability....
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Shifting Demographics: A New Norm
The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. A new...
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Virtual Reality for a Seller’s Market
Sellers in the current housing landscape often have the luxury of listing their homes “as is” without fixing it up or with only minimal window-dressing since demand for homes has been high and...
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The Great Divide
Urban areas have benefited in recent years from an influx of younger workers seeking high-paying jobs. At the same time, land-use regulations have constricted supply, helping drive up prices. While the...
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2017: The Focus Ahead
Some shocking numbers have just come in. It has been reported that total housing inventory dropped 10.8% in December to 1.65 million existing homes available for sale, the lowest level since the...
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The California Housing Crisis
The backlash comes as California’s lack of housing supply is becoming a crisis. A postwar building boom gave birth to a labyrinth of freeways and sprawling suburbs, and between 1980 and 2010, coastal...
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Spring Buying Season is Sweet and Sour
The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of...
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Picking Up the PACE
A bill aimed at regulating loans created by the Property Assessed Clean Energy (PACE) program is making national industry headlines. The PACE Act of 2017 aims to amend the Truth in Lending Act, a chief...
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