Residential construction declines, despite rising demand; Population growth exceeds new housing; Homeownership declines for the young
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Browse the latest news, articles, marketing materials, videos, and forms impacting California’s real estate market today.
2020 commercial real estate saw industrial shine, office and retail grow dark
The commercial real estate market experienced a mixed performance in 2020.
Homebuyers are shaping up to be even more competitive in 2021
Nationally, 52% of homes reached a pending status within two weeks of listing as of the first week of February 2021.
California’s low residential vacancy rates signal more construction
Residential vacancy rates – along with jobs and residential construction – declined rapidly in 2020.
California consumer sentiment hits new lows in 2020, concerning for future home sales
What do the latest consumer sentiment numbers tell us about future home sales?
Reduced homeowner turnover is a drain on California’s for-sale inventory
Homeowners are moving less often today compared to even just a few years ago.
Rent-to-own sees dollar signs amid recession
First-time home shoppers are finding entry into California’s real estate market near impossible amid the 2020 Recession and pandemic. Rent-to-own businesses help bridge the gap between renting and owning by offering homeownership to buyers who are unable to secure...
California dead last for domestic migration
California is consistently at the bottom when it comes to attracting new residents from out-of-state.
First-time homebuyers and new housing
Young homebuyers are expected to give residential construction a boost in the coming years.
California underwater homeowner numbers to increase
Underwater homes were at their bottom in 2020.
Boomers retire and California trembles
Retiring Baby Boomers shift California’s future direction of real estate ownership.
A durable real estate market is built on personal income growth; Monthly Statistical Update (February 2021)
As other economic measures improve in 2021, individual Californians struggle with lost income; For Californians to again achieve income equality, California’s GDP needs reallocation to our workforce; Introducing the SOFR for ARMs, the replacement for the corrupt LIBOR
Context is key
Learn the 25 factors that drive California’s real estate market to better understand today’s top news stories.
Click to download Economic Trends in California Real Estate: Realty Almanac 2022-2024
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