Chances of Another Foreclosure Crisis?
There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a ...
Posted by Tracy Tang on November 21, 2020 in Market Update
Housing Market on Track to Beat Last Year’s Success
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it ...
Posted by Tracy Tang on October 7, 2020 in Market Update
California Market Update - Sept 20, 2020
More positive economic data was released this week on consumers, buyer demand, interest rates, and new home sales. However, the pace of growth in labor markets has decelerated significantly, new unemployment claims increased last week and have seen ...
Posted by Tracy Tang on October 5, 2020 in Market Update
Where Are Home Values Headed Over the Next 12 Months?
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this ...
Posted by Tracy Tang on October 4, 2020 in Market Update
California Market Update - Sept 13, 2020
The housing market continued to improve at the tail end of the summer as U.S. home sales soared to a level not seen since before the Great Recession. A solid increase in new purchase mortgage applications, a dip in the California unemployment rate, ...
Posted by Tracy Tang on September 30, 2020 in Market Update