Pending Home Sales Tiptoe Up in Two-Month Streak

Pending home sales tiptoed up a scant 0.1 percent in October, according to the National Association of REALTORS® (NAR), continuing a two-month streak of gains that now land NAR’s Pending Home Sales Index (PHSI) at 110.0, or 1.8 percent higher than last October. “Most of the country last month saw at least a small increase […]

Case-Shiller: Home Prices Fully Recovered from Recession

Home prices in the U.S. have fully recovered from the recession, remaining on a pick-up with a 5.5 percent annual gain in September, according to data from the S&P CoreLogic Case-Shiller Indices, and advancing from the 5.1 percent seen in August. The 10-City Composite in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index […]

Student Loan Debt Hampering Home Buying: A Regional Perspective

 The 2016 Profile of Home Buyers and Sellers survey is the second year we have collected data on the difficulty of saving for a down payment to buy a home and whether student loans were an impediment. In years past, the down payment had been cited as one of the most problematic steps in the […]

Equity Stacked: Homeowner Wealth on the Rise

Homes in markets across the nation have regained value since the recession, affording homeowners the ability, once again, to accumulate wealth through equity—or become, as I like to call it, “equity stacked.” Two recent reports confirm the trend: one, from S&P/CoreLogic; the other by ATTOM Data Solutions, owner of RealtyTrac. Homeowner wealth, according to S&P, […]

Buyers Aged 35-44 & 45-54 Years Capture Greater Share of First-Time Home Buyers

In 2016, first-time home buyers made up 35 percent of all home buyers, an increase over last year’s near all-time low of 32 percent where it had remained for the previous three years, according to The National Association of REALTORS® 2016Profile of Home Buyers and Sellersreport released in October 2016. From 2011 to 2016, the […]

California regional update: Commercial real estate in Q3 2016

The commercial real estate environment is continually improving in California as our economy has finally entered a period of expansion. Jobs surpassed their peak pre-recession level in 2014 and the rate of new employment is exceeding the hot pace of the late 1990s, with upwards of 70,000 new jobs added each month in California. All this […]

Fair Economic Forecast as Trump Policies Come into Focus

The U.S. economy will continue to grow—though at a “modest” rate—through the end of this year and into 2017, with President-Elect Trump’s proposed policies prompting Fannie Mae to issue a fair forecast in its recently released November 2016 Economic and Housing Outlook. Notably, the Outlook predicts shrinking housing affordability, especially if mortgage rates follow their […]

5 Things Homebuyers Need to Know about Home EV Charging Stations

Folks who follow the auto industry – or just watch the road as they’re driving – know that crossovers, SUVs and pickups are becoming increasingly popular. But there’s actually another segment of the market that’s been doing quite well for itself this year: Sales of electric vehicles, or EVs, jumped 12.6 percent during the month […]

CFPB increases foreclosure protections

The Consumer Financial Protection Bureau (CFPB) has released new rules for mortgage servicers to follow when responding to mortgage delinquencies and pursuing foreclosure. Beginning October 19, 2017, mortgage servicers are to offer homeowners foreclosure protections more than once if the need for protection arises numerous times. For instance, consider a homeowner unable to make their […]

California’s overvalued housing markets: cause for concern?

The following local markets are overvalued in 2016, according to CoreLogic: San Jose, where average home prices have increased 81% since 2012; Oakland, where home prices have increased 78% since 2012; Riverside, where home prices have increased 56% since 2012; Los Angeles, where home prices have increased 54% since 2012; and Irvine, where home prices […]

The rising trend in California construction starts

Single family residential (SFR) starts rose 6% over one year earlier in the six-month phase ending September 2016. Multi-family construction starts have decelerated, and having actually decreased 8% from a year ago. Despite multi-family’s down performance in 2016, demand for multi-family rentals has generally been higher during this residential construction recovery compared to new SFRs. However, buyer-occupant demand for SFRs is gradually increasing as jobs […]

Millennials Still Chasing American Dream despite Hurdles

Surprising to some, millennials are all about chasing the American Dream and owning a home of their own, despite current market and economic setbacks. This infographic from FirstTimeHomeFinancing.com explains what’s keeping millennials from pursuing their homeownership dreams and outlines several programs that could help them achieve their goals. This was originally published on RISMedia’s blog, […]

Financing a Home Purchase without Breaking the Bank

For those who qualify, the 1 percent down payment program offered through a partnership between Quicken Loans and Freddie Mac offers a responsible and affordable path to home ownership. But applicants are also singing the praises of the professionals who guide them through the process. Amanda Dolekary, who recently took advantage of the program closing […]

Central and Eastern Ventura County Market Stats – YTD 11/24/16

Curious what the change in the market has been so far this year?  Want to know what your house is worth now compared to January 1st 2016?  Wonder no more!  Below is a comprehensive update on the change in market stats since January 1st to today? Agoura This week Begining of Year Difference Active: 70 […]

What is my Westlake Village home worth? Market Report for 11/24/16

This Week’s Home Prices in Westlake Village  Real estate market data provided by Ryan Huggins of Huggins Homes About the Westlake Village Area Westlake Village is a planned community that straddles the Los Angeles and Ventura county line. The eastern portion is the incorporated city of Westlake Village, located on the western edge of Los […]

What is my Thousand Oaks home worth? Market report for 11/24/16

This Week’s Home Prices in Thousand Oaks  Real estate market data provided by Ryan Huggins of Huggins Homes About the Thousand Oaks Area The City of Thousand Oaks is a premiere community recognized for being one of the most desirable places in all of California to live, work, recreate, and raise a family. Located in […]

What is my Newbury Park home worth? Market Report for 11/24/16

This Week’s Home Prices in Newbury Park  Real estate market data provided by Ryan Huggins of Huggins Homes About the Newbury Park Area Newbury Park is a community located mostly within the western portion of the city of Thousand Oaks in Ventura County, California. The census-designated place (CDP) of Casa Conejo is also part of […]

What is my Simi Valley home worth? Market Report for 11/24/16

This Week’s Home Prices in Simi Valley  Real estate market data provided by Ryan Huggins of Huggins Homes About the Simi Valley Area The city of Simi Valley (from the Chumash word, Shimiyi), is situated in the southeast corner of Ventura County. The city’s 2014 population has been estimated at 126,871, up from 111,351 in […]

What is my Moorpark home worth? Market Report for 11/24/16

This Week’s Home Prices in Moorpark  Real estate market data provided by Ryan Huggins of Huggins Homes About the Moorpark Area Moorpark was founded when the application for the Moorpark Post Office was granted on June 1, 1900. The townsite of Moorpark was owned and surveyed by Robert Poindexter and his wife, Madeline. The town […]

What is my Conejo Oaks home worth? Market report for 11/24/16

This Week’s Home Prices in Conejo Oaks  Real estate market data provided by Ryan Huggins of Huggins Homes   About the Conejo Oaks Area   Conejo Oaks is a hidden gem in the heart of Thousand Oaks.  One of the original communities this area boasts large lots, some of which are even horse zoned!  Many […]