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You are here: Home / Archives for Real Estate News

Real Estate News

Housing Supply Is Rising. What Does That Mean for You?

July 15, 2021 by nfolks Leave a Comment

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “It looks like inventory may have hit a bottom (we’ve seen this in the higher frequency data as well). Meet Our Team

What To Expect as Appraisal Gaps Grow

July 3, 2021 by nfolks Leave a Comment

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is Meet Our Team

What Do Experts See on the Horizon for the Second Half of the Year?

July 3, 2021 by nfolks Leave a Comment

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low Many experts are projecting a Meet Our Team

Why This Is Not Like 2008 Again

June 14, 2021 by nfolks Leave a Comment

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the Meet Our Team

Coalition Requests State Budget Prioritize Homeownership Opportunities

June 1, 2021 by nfolks Leave a Comment

Earlier this month Governor Newsom announced his May Budget Revise, which increases spending to account for California’s largest projected budget surplus. C.A.R., along with Habitat for Humanity and the California Building Industry Association, have requested that the State Budget prioritize funding policies and programs to increase homeownership opportunities. That request is contained Meet Our Team

Is Home Price Appreciation Accelerating Again?

May 6, 2021 by nfolks Leave a Comment

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Meet Our Team

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