High‑Income Job Losses Undermine Local Housing Outlook
High-income job declines don’t work well for the housing market. This is a trend (namely at local level) we’ve been hammering on the last few years as we maintain a weak outlook for housing in general. https://t.co/jN2DMafhy5 https://t.co/NhCzjO8knR
Homebuilders Cut Starts, Offer Incentives Amid Low‑Ball Offers
Atlanta Fed Beige Book: “Homebuilders pulled back on housing starts and utilized incentives to shrink speculative inventory. Some builders reported home buyers shopping around for the best deals and often presented “low-ball” offers. This is especially true in the entry-level...
Nearly One‑Fifth of California Property Transfers Are Inherited
Wild stat: “~18% of all property transfers in California last year were made through inheritance.” https://t.co/LPI84VU4Uh https://t.co/oHzRbjVzOn
Rising Rents and Lower Rates Drive Renters Toward Buying
For renters, a strong nudge to think about buying a home often comes from a big renewal increase. As the rental market crawls out of its recession, and mortgage rates start with a 5 not a 6, expect more renters...