NEW-HOME BUYERS FACE RISING CONSTRUCTION COST CHALLENGES
More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country. Single-family starts ended 2020 with the best ye...
EXPERTS WEIGH IN ON THE WINTER HOUSING MARKET
The ongoing pandemic has had a vast impact on nearly every industry, and the housing market is no exception. As stay-at-home orders were enacted and financial insecurity loomed large for many in early 2020, the number of both buyers and sellers...
HOUSING STARTS HIT HIGHEST PACE SINCE 2006
Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8% from one year ago, a remarkable figure given the e...
PROPOSITION 19: PROPERTY TAX EXEMPTIONS FROM REASSESSMENT
New Rules on Tax Basis Portability With the passage of Proposition 19, a homeowner who is over 55 years of age, severely disabled or whose home has been substantially damaged by wildfire or natural disaster may transfer the taxable...
THE CALIFORNIA 2021 HOUSING MARKET FORECAST: 9 EXPERT PREDICTIONS
#1. California Home Prices Will Continue Rising Data reveals that California home prices continued to rise in the last half of 2020 from July to November. But if we look back at August 2020, we will see something even more astonishing – the ...
PANDEMIC HOUSING & DESIGN TRENDS THAT AREN’T GOING AWAY
Home trends come and go, but social distancing and staying at home have ushered in a new way of life—and some of those changes have spurred home trends that are likely to stick around well past the COVID-19 era. “The idea of what is nece...
HOW PRE-ELECTION STRESS AND UNCERTAINTY MIGHT INFLUENCE THE HOUSING MARKET
Traditionally, Presidential elections have not made much of a difference in the housing market. This one could be more impactful, according to a recent survey that found most insiders do not believe that, in the long term, it will significantl...
SUBURBAN SHIFT FOR HOME BUILDING IN Q2 2020
The Q2 2020 results of NAHB’s Home Building Geography Index (HBGI) show geographical trends of the home building industry as the novel coronavirus, COVID-19, spread quickly through the United States. Although the pandemic caused widespread ec...
UPDATE ON CORONAVIRUS MARKET IMPACTS | WEEK 8
With the spread of the Coronavirus seemingly slowing down in the past week, the housing market is also offering some glimpses of hope as pending sales remained on the rise and more properties were added to the market. While the impact associate...