- Is California’s high cost of housing cost scaring off job seekers?
- Higher gas prices could hurt already weakening home sales
- The Best Housing Markets for Home Flippers
- California Real Estate Market Will Remain Strong For The Next Two Years
- Want to Buy or Sell a Home for Less? Look to Blockchain Technology
- 6 Cozy Outbuildings That Feel Like Cabins in the Woods
- Underfoot: What to Know About Engineered Wood Floors
Is California’s high cost of housing cost scaring off job seekers? - Plenty of workers still move West each year for a new job in California. But the state’s high cost of housing may be deterring many other job seekers from moving into the state. Business leaders up and down the state say California’s expensive housing makes it challenging to recruit new workers — and to keep existing employees here. “You’re competing, now, with a low unemployment rate in California, and people have options,” said Mary Leslie, president of the Los Angeles Business Council. In April, the state’s unemployment rate hit a record low of 4.2 percent.
Higher gas prices could hurt already weakening home sales - While there is no specific data on how they correlate specifically to home sales or prices, gas prices definitely play into consumer confidence about personal finances — both going up and coming down. When prices fell heading into 2015, some claimed that was a boost to the housing market.
The Best Housing Markets for Home Flippers
California Real Estate Market Will Remain Strong For The Next Two Years - "This prediction is based on the expectation that the economy will continue to strengthen, due to tax cuts and increased consumer spending, as a result of gains in jobs and wages," says John W. Simonse, President of LHJS Investments, LLC and a Manager of Lodgepole Fund No. I, LLC. Mr. Simonse elaborated further, explaining "Inventory will continue to remain limited, due to lack of construction and the current lack of incentive for homeowners to sell, since most purchased their homes at lower prices and interest rates." "In addition," said Simonse, "we are seeing Millennials, now in their 30s, finally buying homes because they are getting married, having kids and want to get away from high rents. Other factors in play are that inflation is predicted to remain stable and Wall Street is anticipating only a modest rise in the 10 year bond, keeping mortgage rates below the historically desirable 5.0% interest rate."
Want to Buy or Sell a Home for Less? Look to Blockchain Technology - The digital technology that made bitcoin and other cryptocurrencies possible is starting to be used in real estate—and it could soon disrupt how homes are bought, sold, and insured. Blockchain technology, which is basically a shared, online ledger, has the potential to lessen inspection and title insurance fees, cut down on sales commissions, and reduce mortgage fraud as it's rolled out over the next few years, say industry professionals.
6 Cozy Outbuildings That Feel Like Cabins in the Woods - Get ideas for your own backyard retreat from outbuildings that create the feeling of camping out at home
Underfoot: What to Know About Engineered Wood Floors - Engineered wood flooring offers classic looks and durability, and can work with a range of subfloors, even concrete
Engineered wood flooring offers classic looks and durability, and can work with a range of subfloors, even concrete