But a lack of construction appears to blame
California Real Estate
Forget Lowballing: Bidding Wars Return in Hot Housing Markets
Are buyers being manipulated into overbidding for the relatively few attractive homes on the market?
Selling Your House? Choose Your Words Carefully
Certain phrases pop up again and again in real estate listings, and these keywords offer a good indication of the prices a property will command. A listing promising a “once-in-a-lifetime opportunity,” for instance, has an …
It’s Not Your Imagination: Rent Prices Really Have Been Rising
Thanks to cheap home prices and mortgage rates at historic lows, it’s easy to argue that now is the ideal time to buy a home. But many would-be buyers are worried the market hasn’t yet reached bottom, and years of plunging home …
Panic! Wine Prices Due to Rise
California grape prices, which increased significantly last year, are expected to keep rising as a grape shortage looms. This could translate into higher prices for grape juice, raisins, and, well, grapes just to eat. But who …
Foreclosures Are at a 4-Year Low, But That’s Not Necessarily Good News
Foreclosure filings fell in March to their lowest level in four years, according to real estate data provider Realty Trac. For the first time since July 2007, the nationwide number of filings fell under 200,000 — a 4% drop from …
Struggling to Stay Afloat: Number of Underwater Homeowners Keeps on Rising
Despite signs that some housing markets are improving, the overall trend is for home prices (and values) to keep dropping—and dropping. As values shrink, more and more homeowners find themselves underwater, the unfortunate …
Housing Slump Continues — But the Momentum is Slowing
September housing prices, as measured by the S&P/Case-Shiller Housing Index, are out, and they’re down 3.6% year-over-year. This continues a trend that we’ve seen since the summer: Housing prices continue to fall, but more slowly …
Back to School? Why It Pays to Retire in a College Town
In a new survey, Coldwell Banker identifies the most and least affordable college town real estate markets. If you’re a retiree looking to downsize and stretch your nest egg, this is worth a look.
McMansion Cul-de-Sacs Become College Student Ghettos
You know all those people who bought spacious deluxe new homes in sprawling exurb developments, then lost the properties in foreclosure when the real estate market collapsed? Well, their younger siblings in college may now be …