Limited supply is driving up housing prices in Orange County, with sales records indicating declining inventory and an uptick in price in June as compared to the same time last year. “It’s not insatiable demand,” Steven Thomas, founder of Reports on Housing—which publishes biweekly analyses of the real estate industry since its founding in 2004—told…
Buyers in California’s Orange County Bidding up Tight Housing Market
July 22, 2023
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California Home Sales Down More Than 30 Percent Annually
April 17, 2023
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Data comparing February 2023 to the same time last year by the California Association of Realtors (CAR) last month reveals continued softness in California real estate markets with double-digit declines in sales across the state. All regions paint a similar picture, with volume and prices dropping, and the unsold inventory index and median days on…
California’s Environmental Laws Make It Harder to Build Homes, Litigator Says
December 4, 2022
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California is in a housing crisis and its environmental laws may be partially to blame, a litigator with the libertarian law firm the Pacific Legal Foundation told EpochTV’s California Insider. The state has tedious property regulations for building and zoning homes, as well as its California Environmental Quality Act (CEQA), the firm’s Litigation Director Larry…
Homebuyers Fleeing Big Cities Due to High Inflation and Rates
November 1, 2022
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Homebuyers are increasingly moving to affordable places within the country as U.S. mortgage rates crossed the 7 percent mark last month and decades-high inflationary pressures cut into real incomes. According to Seattle-based real estate brokerage Redfin, homebuyers are looking to move into Sacramento, Las Vegas, and Tampa, with the biggest outflows seen in San Francisco,…
Realtors’ Association Projects Softening Housing Market With Moderate Recession in California in 2023
October 13, 2022
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As mortgage rates are up near 7 percent and home sales slow down across the country, many are wondering if the Golden State of California is still a seller’s market. Real estate experts predict that California’s housing market will soften in 2023, with home prices expected to fall by 8.8 percent. However, they believe that…
California Leads US in Slumping Luxury Home Sales
September 27, 2022
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California leads the U.S. in plunging luxury-home sales, according to a recent report by the national real estate service Redfin. The City of Oakland experienced the most dramatic drop in luxury home sales, decreasing by 70 percent in the three months prior to Aug. 31 compared to the same time last year. In San Jose…
Southern California Homes Sales Continue to Drop in July
California single-family home sales continued to drop in July by 14 percent percent from June, dragging sales below the 300,000 annual benchmark for the first time since May 2020, according to the California Association of Realtors (CAR). The statewide median home price was $833,910 in July, which was 3.5 percent below June but 2.8 percent…
Drastic Drop Unlikely for US Housing Market, Economist Says
As the U.S. real estate market slowly cools and sales volumes decrease significantly, whether housing prices will plummet has become a major concern for many. But one economist has predicted there will not be an abrupt collapse as experienced after the previous U.S housing bubble. Due to the FED’s interest rate hike and rising mortgage…
Why California Keeps Building New Homes but Still Lacks Affordable Housing | Erik Peterson
Many people are moving out of California because of the lack of affordable housing. But what is causing the cost to be so high? My guest is Erik Peterson, city council member of Huntington Beach. He discusses how California policies are causing the rise in housing costs and why building more is actually hurting affordability….
Why California’s Rent Control Can’t Stop Rents From Skyrocketing | Daniel Yukelson
April 11, 2022
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My guest is Daniel Yukelson, executive director at the Apartment Association of Greater Los Angeles. He explains the multiple factors causing rent prices to increase and what needs to change in order to provide affordable housing in California. Follow Epoch TV on social media: Facebook: https://www.facebook.com/EpochTVus Twitter: https://twitter.com/EpochTVus Rumble: https://rumble.com/c/EpochTV Gettr: https://gettr.com/user/epochtv Gab: https://gab.com/EpochTV Telegram: https://t.me/EpochTV Parler: https://parler.com/#/user/EpochTV
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