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.

Read More

Previous Millennials Want to Own Homes Too, If U.S. Economy Would Consent
Next 168 New Condos Coming to Dana Point

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market 0 Comments

Stage Set for a Strong Second Half of 2014?

In this article from Zacks, many of the factors affecting the housing market outlook for the remainder of the year are examined along with how some of the various public

Housing Market

Return of the First-Time Homebuyer?

Lawrence Yun, Chief Economist of the National Association of Realtors, sees 2015 as a potential turnaround point for the return of the first-time homebuyer. While the recovery thus far has