Why Are Home Sellers Spooked?

Why Are Home Sellers Spooked?

  In the heart of the busiest season for housing, homesellers are pulling back.   Inventory continues to be tight in many markets, so what has potential home sellers pulling back when buyer demand is reportedly so high?  Inventory fell 3.2% in April from last year, the seventh-straight month of declines, according to Redfin. Inventory is at historic lows in some west coast communities, and given the lack of new listings, it will likely go lower. Low mortgage rates, job growth and other drivers have stoked buyer demand, but the supply of homes for sale — especially in the low-to-middle...Read more
The Vote on AB 2502

The Vote on AB 2502

  A new bill is going before the assembly which some argue violates the Costa-Hawkins law.   “Rent Control” is a type of municipal law aimed at mitigating the disruptive effect of escalating or fluctuating rental market prices on neighborhoods and individual renters, as well as to promote the maintenance of safe and habitable dwelling units in tight markets with housing shortages.  For instance, San Francisco’s Residential Rent Stabilization and Arbitration Ordinance (SFRO), was enacted as an emergency ordinance, amending the San Francisco Administrative Code in 1979, and acknowledged that, in the face of significant increases prior to rent control, "some...Read more
California’s First Farm-to-Table Housing Development

California’s First Farm-to-Table Housing Development

  If the idea of living in a solar-powered community with access to organic food grown in your own backyard sounds like paradise, you’ll love The Cannery!   The Davis area of California has long been known for its interest in sustainability and agriculture.  Now they have introduced California’s first farm-to-table housing development, called The Cannery. The Cannery is a 100-acre development located just one mile from downtown Davis and designed so that residents can easily and safely bike or walk to the city center.  The community boasts 547 units divided into 4 neighborhoods.  There are a mix of housing types from single-family...Read more
2016 CA Investor Survey

2016 CA Investor Survey

  Find out what the current real estate investor market overview says about today's real estate market   Tracking investors in the real estate market can sometimes shed some light on the state of the industry.  The California Association of Realtors recently released it’s annual investor survey, detailing investor’s share of the marketplace and where they are putting their funds.   Transactions Declining The survey found that real estate transactions are declining overall, both for homeowners and investors.  Investors transactions have declined about 55% since 2014. Buyers Dominate In general, it seems investors tend to buy more than they sell,...Read more
Is Student Debt Preventing Homeownership?

Is Student Debt Preventing Homeownership?

  Many college graduates face a mountain of student debt after graduation, delaying major life events.   Student debt has become a key topic in the political debates of late.  Many worry that student loans are a drag on the economy, forcing young people to delay major life events such as marriage and homeownership.  Many point to analyses from the Federal Reserve Bank of New York to support these theories, but there is a slight flaw in the data. Data From the NY Federal Reserve Bank In 2013, the Federal Reserve Bank of New York released the following graph, which...Read more
Meet Fannie, Freddie, and Ginnie

Meet Fannie, Freddie, and Ginnie

  Fannie Mae, Freddie Mac, and Ginnie Mae are government entities established to support the nation's housing market.   After the Great Depression, the US Government realized the necessity of establishing government programs to revitalize the economy and support struggling citizens.  Fannie Mae, Freddie Mac, and Ginnie Mae were created to encourage lending for homebuying, and providing affordable loans to homebuyers. Fannie Mae and Freddie Mac are the largest sources of housing finance in the United States.  Ginnie Mae is a government-owned corporation within the Department of Housing and Urban Development (HUD), and offers mortgage-backed securities guaranteed by the US...Read more
Dingbat Retrofit

Dingbat Retrofit

  13,500 Apartment Buildings in Los Angeles County Require Retrofitting Los Angeles is known for its urban sprawl and is now home to over ten million residents.  The county developed rapidly after World War II and multifamily properties quickly began replacing traditional craftsman homes and bungalows.  “Dingbat” apartment buildings were born in the 1950s and feature flimsy first floors that often serve as parking spaces, a popular design during the height of LA’s car culture.  These “soft-story” apartment buildings can be found all over Los Angeles county with their names whimsically written in specialized fonts and geometric embellishments on the front...Read more
Get Paid To Save Energy

Get Paid To Save Energy

  A new program will pay consumers for their energy-saving practices!   Although Earth Day is only official one day a year, there are many things we can do appreciate and protect the earth in our daily lives.  Now, you can even get paid for earth-friendly practices!    Depending on your total energy use, you could earn up to $300 per year from OhmConnect simply by saving energy in your home for just one hour per week.  OhmConnect has made saving energy even easier by automating energy savings with your smart devices or electric vehicles, reducing your energy usage without...Read more
5 California Native Trees For Your Garden

5 California Native Trees For Your Garden

Celebrate Earth Day by planting these 5 Native California Trees!   With Earth Day right around the corner, lets take a moment to appreciate our neighborhood trees!  Trees add a lot to a neighborhood. They are beautiful, they can provide habitat for wildlife, offer shade and shelter from the wind, cool urban neighborhoods, and even add to your property value!   Tree Disparity Unfortunately, trees are not shared equally in many California communities.  More affluent neighborhoods enjoy much more green space than low-income neighborhoods as demonstrated in the aerial video below, comparing Los Angeles communities.  The increasing popularity and affordability...Read more
Unaffordable Housing

Unaffordable Housing

Confronting the Housing Crisis in California   Having a place to call home is a signature component of the American dream. But for far too many people, finding safe, decent, affordable housing is extremely stressful. The United States simply does not have enough affordable housing, and nationally, the situation is only getting worse.   Rental Crisis California is no stranger to the struggles of affordable housing.  Once again, San Francisco tops the charts with the nation’s highest rents, according to a report from ApartmentList.com.  Rent for a 2-bedroom unit in the Bay area averaged $4,780 for the month of March,...Read more