Track the single most influential factor on California’s real estate market: the number of people employed.
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Track the single most influential factor on California’s real estate market: the number of people employed.
Vacancy rates are on a year-over-year upward incline, while net absorption returns were positive this quarter. New projects were opened to the market but are not yet occupied. A few major tenants are boosting occupancy of distribution space, while smaller businesses are slowly shutting down.
The average ARM rate remains below the FRM rate, enticing potential homebuyers unaware of its history.
Multi-family and SFR construction continue to lag behind demand for new housing.
Residential vacancy rates – along with jobs and residential construction – held steady.
View California sales agent trends from 2002-present, and examine the effect of home sales volume on licensing.
Home sales volume movement impacts tomorrow’s home prices.
What’s a broker to do until home sales volume takes off?
Construction starts have been far below California’s historical average most years since 1990.