Home prices have skyrocketed since 2000. The same can’t be said about incomes.
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Home prices have skyrocketed since 2000. The same can’t be said about incomes.
The Southern California (SoCal) commercial property market struggles to recover from economic, trade and geopolitical uncertainties that make long-term leasing decisions less attractive for qualified tenants, leaving commercial property languishing — but there are some areas of improvement.
California’s low homeownership rate means rentals are in high demand, with vacancies near historic lows.
California’s homeownership rate dropped even as the typical age of first-time homebuyers rose.
Track the single most influential factor on California’s real estate market: the number of people employed.
ARM rates remain below FRM rates – for now.
An agent uses Form 352-1 to disclose rental information when marketing or evaluating an income-producing property, and Form 353 when projecting income and returns on an income-producing property.
More singles are striking out on their own to become homeowners.
Income inequality is catching up with California’s economy, stifling household formation and dragging down the housing market.