Changes California Can Make to Increase Housing Inventory
Since the pandemic began three years ago, our market and real estate markets nationwide have experienced unprecedentedly low levels of for sale and for rent inventory. Even with much-reduced demand due to interest rates doubling in less than a year, supply in most areas remains well below pre-pandemic levels. The …
A Couple of Bank Failures and a Near Miss
Wow! What a week! After I laid out the case last week for higher or lower interest rates ahead of upcoming scheduled data, little did I know that this would become irrelevant quickly. One day after my post, in a rapid turn of events, fearing imminent illiquidity, Silicon Valley Bank …
Why the Next Few Days Could Determine the Strength of the Real Estate Market in 2023
In congressional testimony given by FED chairman Jerome Powell this week, he stated that the FED funds rate is likely to end up higher than previously expected and they are leaving themselves open to a faster pace of rate hikes in the coming months. The most recent rate hike was …