Category: California

Housing kate_sept2004 / E+ via Getty Images Retirement conjures imagery of crocheting and golf, early mornings of coffee and leisure, and early evenings getting to sleep before the sun goes down. As retirement age sets in, you have more time to occupy with leisurely activities than ever before and many people look to their retirement community to provide those opportunities. Most dream of places with palm trees, ocean breezes, and warmer seasons. As we age and our bones get frail, we have less energy to expend shoveling snow and layering…

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The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.” Buzz: California has six of the 10 counties nationwide with the highest risks of home-price declines. The source: My trusty spreadsheet looked at Attom’s study of housing markets “most vulnerable” to price declines based on first-quarter economic measurements such as affordability, underwater mortgages – loans larger than home values – loans in the foreclosure process, and unemployment rates. Debate: Where are California’s shakiest home prices? Glass half-empty California’s…

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The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.” Buzz: California has six of the 10 counties nationwide with the highest risks of home-price declines. The source: My trusty spreadsheet looked at Attom’s study of housing markets “most vulnerable” to price declines based on first-quarter economic measurements such as affordability, underwater mortgages – loans larger than home values – loans in the foreclosure process, and unemployment rates. Debate: Where are California’s shakiest home prices? Glass half-empty California’s…

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A recent report by ATTOM, a leading real estate data provider, has shed light on the varying vulnerabilities of housing markets across the United States. The Special Housing Risk Report spotlights counties more susceptible to potential decline, based on factors like affordability, underwater mortgages, and unemployment rates. The data, gathered in the first quarter of 2024, reveals a concerning trend – California, New Jersey, and Illinois continue to hold the highest concentrations of at-risk markets. Housing Market Slowdown Risk Persists in California, New Jersey and Illinois This isn’t entirely new…

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There are unaffordable housing markets, and then there are “impossibly unaffordable” markets, four of which are in California, a recent study said. The housing crisis represents an obstacle to upward mobility, and the Golden State risks suffering from especially acute stratification, according to the annual Demographia International Housing Affordability report, which was produced by Chapman University in California and the Frontier Center for Public Policy in Canada. “High housing prices, relative to incomes, are having a distinctly feudalizing impact on our home state of California, where the primary victims are…

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A county-level look at residential downturn risk by Attom revealed that California, New Jersey and Illinois had the largest concentrations of markets vulnerable to a housing market slowdown. The study ranked counties nationwide based on several factors, including the share of homes with a foreclosure filing; the percentage of local wages needed to afford major homeownership expenses; the share of properties with underwater mortgages; and area unemployment rates. Attom used first-quarter data, including March unemployment figures, to compile its ranking. The three aforementioned states had 34 of the 50 counties…

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Renters living in some of California’s biggest cities can finally catch their breath as rent prices fall in places like Oakland, San Jose, San Diego and San Francisco—some of the most expensive metropolitan areas in the country. Read more: How to Invest in Real Estate According to a May 28 report from digital marketplace Zumper, which analyzed more than one million active property listings across 100 cities, seven out of 11 California cities observed reported rent declines between 2023 and 2024. Oakland, a city that has suffered the downturn of…

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