In spite of developers’ concerns about the feasibility of Executive Directive 1, a program designed to speed up affordable housing construction, Los Angeles Mayor Karen Bass is looking to make the order... Read more »
With the typical cost of a home in Los Angeles soon topping $1 million, and the state’s median rent approaching $3,000, there’s a sense of doom around how unaffordable California has become.... Read more »
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Kathleen McCarthy, Blackstone Global co-head of real estate, joins ‘Closing Bell Overtime’ to discuss real estate investing in the... Read more »
After those government-supported mortgages terminate due to maturity or prepayment, the owners can, and many do, convert their multifamily properties to market-rate rents, or sell them to new owners that are not... Read more »
Joshua Tree’s housing market during its pandemic surge looked like an investment oasis, but instead it may have been a mirage. The market in the California desert has dried up after exploding... Read more »
The tumultuous wave of the COVID-19 pandemic swept across the housing market landscape, leaving in its wake a trail of unprecedented shifts. From soaring home prices to dwindling inventory levels, the real... Read more »
Weekly housing inventory data Active inventory still needs to be faster for my taste. My model has active inventory growing at least 11,000-17,000 every week with higher rates. This model was based... Read more »
As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according... Read more »
Since the spring of last year, a typical family with a median income has not been able to afford a median-priced home, according to the National Association of Realtors’ (NAR) Housing Affordability... Read more »
In the face of concerns about a potential economic downturn, recent reports indicate that the U.S. job market continues to thrive. While this may seem like universally positive news, its implications for... Read more »