California Housing Markets are Starting to Stall
CURBED
By Jeff Andrews
The tech boom in Silicon Valley and the entertainment industry in Los Angeles have long made California’s markets a desirable place to own a home, but according to data compiled by the California Association of Realtors, those housing markets are showing signs of stalling. Pending home sales—notoriously volatile but considered a sign of where a housing market is headed—dropped 2.6 percent in October compared to a year ago in California, the ninth time in 10 months the state saw a decline, including four straight months.
About author
You might also like
Millennials Want to Own Homes Too, If U.S. Economy Would Consent
Kelsey Marshall and her boyfriend Chris Eidam, both 27 years old, call the home-buying process “terrifying.” But they’re clear about one thing: It beats the heck out of renting.
Housing Starts and Building Permits Exhibit New Found Strength
Total housing starts jumped 20.2% from March to April to hit an annualized pace of 1.14 million with single-family starts jumping by 16.7% to 733,000. Building permits rose 10.1% from
Jobs, Good Jobs, and Home Buying
By John McManus Tech pioneer Kodak, headquartered in the upstate New York city of Rochester, employed 145,000 workers in 1988, to manufacture, distribute, and market its film and cameras. Today,
