The May 2021 California Housing Sentiment Index:
Please click on image to see larger.
Francis
How was 2020 in Real Estate?
Well, one graph says it all. A lack of inventory shaped the landscape last year, pretty much everywhere. And the current trends continue upwards as of March 2021.
Francis
Young Adults Living at Home Are Saving for Down Payment.
If you like my updates, subscribe to my Blog! Thank you for reading,
Francis
The most commonly delayed home repairs
Source: Sears Home Services
Seventy percent of homeowners of about 1,000 recently surveyed say they have
delayed home repairs since the start of the COVID-19 pandemic, according to a
new report from Sears Home Services. Some consider those home repairs
“critical,” too. Furthermore, nearly 60 percent of homeowners surveyed say they
felt it’s acceptable to put off critical home repairs in the pandemic.
Many homeowners may be delaying home repairs due to their finances, the survey
finds. Homeowners under financial stress are the most likely to report
postponing repairs to broken appliances (34%), water damage (31%), electrical
issues (30%), and roof repairs (29%), according to the survey. These postponed
repairs, however, could result in pricier fixes later on or even dangers.
To see the whole report click here.
If you like my updates, subscribe to my Blog! Thank you for reading,
Francis
Fierce Competition Continues in CA Housing Market
The California housing market is red hot as the year comes to an end. The state has already recovered all the sales it lost in the first half of the year as insatiable housing demand in recent months has propelled sales to levels not seen in the past 15 years. Sales of existing single-family homes surpassed the 500,000 benchmark for the first time since January 2009, while year-to-date sales through November exceeded last year’s level for the first time since March and recorded an increase of 1.3 percent from 2019.
On the supply side, levels of for-sale properties remained extremely low, with active listings declining 18 percent in November 2020 from the prior month and 46.6 percent from a year ago. The unsold inventory index, in fact, reached the lowest level in over 16 years. The surge in Coronavirus cases since late October likely played a role in the biggerthan-normal drop in active listings this year as many homeowners have been reluctant to put their house up on the market because of public health concerns.
Click to see the full Jan.1 report.
If you like my updates, subscribe to my Blog! Thank you for reading,
Francis
The lowdown for California: Source: CALIFORNIA ASSN. OF REALTORS®
Defying an otherwise struggling economy, California home sales remained red hot in November, breaking the 500,000 sales benchmark for the first time since January 2009 and reaching the highest level in 15 years, the California Association of Realtors® said.
If you like my updates, subscribe to my Blog! Thank you for reading,
Francis
This article and update from our own Kelly Vincelette, at Cornerstone Title.
If you like my updates, subscribe to my Blog! Thank you for reading,
Francis
This article from our own Kelly Vincelette,
at Cornerstone Title.
The way in which people hold title to a property can have significant legal and tax implications,
- Sole ownership - You hold the title in your name alone.
- Tenancy in common - This means two people own the property together, but upon the death of one, the interest of the descendent is distributed according to a will – or if there is no will, according to state law.
- Joint tenancy - This is a commonly used option, which means two people own the property together. If one dies, the other gets it without the property passing through probate.
Original article from Barbara Pronin,
author at RISMedia.
If you like my updates, subscribe to my Blog! Thank you for reading,
Francis
