SoCal Caps 2016 With Steady Home Price Growth And Modest Sales Gain

CoreLogic

By Andrew LePage

Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record luxury sales, and lower levels of investor purchases and distressed sales. But inventory remained tight, exacerbating the affordability crunch, and there were stronger signs of a disconnect between home prices and incomes in some parts of the region.

Read More

Previous Land Entitlement Is Only Becoming More Challenging
Next Land Acquisition and Development Manager

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

L.A. City Council approves development fee to raise money for affordable housing

The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness.

Housing Market

Lots: Builder’s Two Big Questions in 2017

Two difficult questions confront home builders and residential developers amid the uncertainty of the moment, and we’ve been hearing them in the aisles and off the floor during the home