California’s expanded experimentation with safety net programs in response to the COVID-19 pandemic in 2020 contributed to better outcomes for residents living below the poverty line.
Recession 2020
It’s official — the 2020 recession is over. So why isn’t the economy back to normal? firsttuesday sketches out the shape of the housing market beyond the pandemic.
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The 2020 recession was the shortest ever — but its effects continue in the housing market
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The relocation trend has come to a head
The share of homebuyers seeking to move out of their metro area has finally passed its peak. The percentage of homebuyers searching in other metros had been gradually building from the beginning of 2020 to 2021, but those numbers have dipped in the...
Super-charged inflation has the Fed re-thinking their interest rate strategy
The Fed assures today’s high level of inflation is temporary, but this is contradicted by rapidly rising rents.
Small landlords less likely to receive rent
Renters living in larger multifamily buildings were more likely to pay their rent during the pandemic than renters living in smaller units owned by mom-and-pop landlords.
Supply chain disruptions threaten California’s housing market
At a time when the housing crisis is at a peak, building material shortages are causing cascading problems for builders.
Close-up: Sellers in 2021
Who is selling in 2021?
We have lift off! Multi-family conversions skyrocket in the 2020s
20,100 multi-family conversions took place in 2021, the most annual conversions to have taken place in the last decade.
California’s suburbs flip as Millennials and Gen Zs become majority renters
Goodbye white picket fence. Hello multi-family housing.
A third of mom-and-pop landlords grapple with lost rent revenue
2020’s reduced revenues were on top of the slim-to-negative margins most mom-and-pop landlords already experience.
How and when residential evictions will resume in California
During the recovery window from COVID-19 rent debt, landlords are required to use an additional notice when seeking to evict tenants for nonpayment of rent.
How 1.5 million homeowners exiting forbearance will impact inventory
Will the coming wave of forced sales form a much-needed inventory boost, or a destructive tsunami?
More California renters, homebuyers are cost burdened than ever before
It’s a bird! It’s a plane! No, it’s just the high cost of your rent going up. The typical U.S. renter is expected to be cost burdened by the end of 2021, according to a recent Zillow analysis. Cost burdened is defined as the need to spend more than 30% of monthly...
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