C.A.R. Chief Economist Leslie Appleton-Young brought clarity to the economic and policy challenges that will shape the future of housing in a roundtable event with four leading economists, who shared their insights on housing’s importance to the growing momentum behind a healthier U.S. economy. The discussion covered macroeconomic analysis of current conditions in the market, housing prices and affordability, the reasons behind persistently low inventory, the declining homeownership rate, credit availability, and policy solutions to strengthen the market. The roundtable was convened by C.A.R.’s Center for California Real Estate. Appleton-Young was joined by Nela Richardson, Redfin Chief Economist; Jonathan Smoke, realtor.com® Chief Economist; Christopher Thornberg, founding partner of Beacon Economics; and Laurie Goodman, Director of Housing Policy Center at the Urban Institute.
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Wednesday, November 25, 2015
Posted by Aracely Gordon at 8:49 AM
Wednesday, November 11, 2015
For the seventh straight month, the gap has widened between what owners say their home is worth compared to what appraisers say, reports Quicken Loans. Owner estimates now stand 2.65% higher than appraiser opinions, the largest gap in more than a year. See owners' versus appraisers' value perceptions by metro area here.
Posted by Aracely Gordon at 8:46 AM
Wednesday, October 28, 2015
Source: The AtlanticBuying a new home is an opportunity to celebrate, but the thought of moving boxes and packing up one’s belongings can put a damper on the experience. After all, moving is never fun. But the Atlantic consulted some experts for their advice on how to make the process more bearable. For instance, it’s recommended that you designate a “first night” box so you have the essentials you need readily available when you finally get your possessions to their new home. Tips are categorized by pre-moving, packing, and unpacking.
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Posted by Aracely Gordon at 9:42 AM
Wednesday, October 21, 2015
Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory, according to findings from C.A.R.’s “2015 Survey of California Homeowners.”
More than one-third (35 percent) of homeowners have considered selling their home in the past year, and of that share, about two-thirds (64 percent) are reluctant to sell because they are finding they can’t afford the home they really want, the survey found.
C.A.R.’s inaugural Survey of California Homeowners also found that more than half (59 percent) of homeowners have not seriously considered selling their home in the past year, with more than half (60 percent) saying their current home will be their retirement residence. For those who have been in their home 15 years or more, that figure rises to 70 percent who indicated they have not considered selling because their current residence will be their retirement home.
Posted by Aracely Gordon at 9:40 AM