Home sales slow as prices race to record highs

Home sales slow as prices race to record highs U.S. home sales fell unexpectedly in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high. The report on Monday from the National Association of Realtors (NAR) added to last week's soft homebuilding … Continue reading Home sales slow as prices race to record highs

California’s Housing Market

These Tax Laws Are Holding Back California’s Housing Market The state’s efforts to save homeowners money are now keeping many of them locked in their homes — and potential buyers locked out. By Virginia Postrel ‎July‎ ‎15‎, ‎2018‎ ‎9‎:‎00‎ ‎AM Would you leave? Photographer: David Paul Morris/Bloomberg Forty years ago last month, Californians passed Proposition 13, … Continue reading California’s Housing Market

The US housing market has an inventory problem

~ this is very true, and if you are ready to sell your home there is no reason to wait to list in the summer. But if you are a buyer you need to be ready to buy - pre-qualified, housing checklist needs done, and areas to buy in be open with  ~ The US … Continue reading The US housing market has an inventory problem

It could take a miracle to halt the recent drop in home sales

~ Supply desperately needs to meet demand ~ It could take a miracle to halt the recent drop in home sales After a brief improvement in June, home sales continued their downward slide in July, with buyers signing fewer contracts to buy existing homes. An index of so-called pending home sales, which represent closings one … Continue reading It could take a miracle to halt the recent drop in home sales