Month: May 2018

May 30, 2018 The National Association of Realtors projects that U.S. home prices will increase by 4 percent in 2018. Between 2011 and 2017, home prices grew by more than three times faster than wages, worsening affordability. Although housing inventory conditions are at the lowest level in a generation, NAR expects that home sales will […]

May 21, 2018 A recent survey found that remodeling firms expect labor shortages to worsen this year, while worker and materials costs will increase. More than nine in 10 remodeling businesses report a shortage of carpenters. About 70 percent of home-improvement companies will pass increased labor and materials costs on to customers. While most American […]

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. AMERICANS’ CONFIDENCE IN THE HOUSING MARKET CLIMBS TO ALL-TIME HIGH Rising home prices and a strong U.S. economy have propelled Americans’ optimism in the housing market to a record high, though persistent inventory shortages will likely remain a challenge for […]

May 8, 2018 Robust 2017 economic growth in California helped push the state to the world’s fifth-largest economy, surpassing the United Kingdom. Only the U.S., China, Japan, and Germany now have larger economies than California. The size of California’s economy is a little more than one-tenth of the size of China’s economy. In 2017, California’s gross […]

May 7, 2018 Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN JOSE, SAN FRANCISCO CONTINUE TO HAVE THE NATION’S MOST EQUITY-RICH HOMEOWNERS  As Tahoe Estates Group published in its first-quarter 2018 real estate report, single-family home prices in San Francisco and Silicon Valley posted substantial annual home price […]