Friday, June 10, 2016

FRIDAY - taking the long way home

East-West House


- How Long Is Your Contractor on the Hook?
- Home price appreciation to finally slow down?
- Bay Area Housing Market Slowing Down, Says Report
- Baby Boomers in Position to Control Market’s Direction
- Homeownership is valued, but remains expensive and hard to attain, report says
- The Battle for Fair Housing in the Bay Area: An Interview With Housing Activist Tony Roshan Samara
- 8 Ways to Grow More Plants in Small Spaces

Enjoy!

Home price appreciation to finally slow down? - For the majority of the last two years, home prices increased around 5 percent year-over-year, but this could finally start to change, according to the latest report from CoreLogic. Frank Nothaft, Chief Economist for CoreLogic, commented, “Low mortgage rates and a lean for-sale inventory have resulted in solid home-price growth in most markets. An expected gradual rise in interest rates and more homes offered for sale are expected to moderate appreciation in the coming year.” However, the change isn’t likely to be too drastic given that the previous report doesn’t look too different, with home prices nationwide increasing year-over-year by 6.7 percent in March 2016 compared with March 2015.

Bay Area Housing Market Slowing Down, Says Report - "Slowing or plateauing appreciation does not imply a crash, and the cooling of a desperately overheated market to something closer to normal is not bad news," reads a report Paragon released Monday. "Indeed, an improvement in housing affordability (and supply) would be good news, both socially and economically. Likewise, a shift from irrational exuberance in the local economy to rational optimism would be a healthy change," according to Paragon.

Baby Boomers in Position to Control Market’s Direction - Baby boomers control about two-thirds of the nation’s aggregate home equity, which computes to about $8 trillion. This sizeable number indicates this demographic group is in a position to greatly influence where the housing market will go in the next decade, according to Freddie Mac Chief Economist Sean Becketti. He commented, “Whether they decide to move from their current homes or age in place, the cumulative impact of their decisions on mortgage demand, affordable housing supplies, and the housing options available to millennials and other aspiring homeowners will be substantial.”

Homeownership is valued, but remains expensive and hard to attain, report says - Finding available and affordable housing in California is a constant battle for prospective homeowners. A survey conducted by the California Association of Realtors found that renters in the state greatly value homeownership — but they're faced with financial obstacles that prevent them from buying.

The Battle for Fair Housing in the Bay Area: An Interview With Housing Activist Tony Roshan Samara - "Eviction reveals people's vulnerability and desperation, as well as their ingenuity and guts." It is exactly that combination of emotions and capacities that we are finding here in the Bay Area. Most important is this little known fact: This is not just about renters.  More and more people who own homes are finding in this issue values and beliefs about housing that resonate with them. We are beginning to see housing as a civil right and evictions and displacement as the denial of that right.

8 Ways to Grow More Plants in Small Spaces - Use plants to bring your pocket garden to life. Some of my favorites:

Birds of Prey Courtyard Garden by Living Green

Traditional Patio

Hudson Street Townhouse

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