Michael's Blog

09 Nov Zillow shuts down iBuyer program; reduces labor force by 25%

Posted at 06:03h in Uncategorized

According to Inman news, Zillow founder, Rich Barton, announced yesterday that the compauy will shut down iBuying operations and lay off 25% of its workforce. Currently, Zillow Offers, the company's iBuying service , buys and sells houses directly from consumers. According to Barton, "We've determined the unpredictability...

02 Nov Buying and Selling during the Holidays; why it works

Posted at 00:30h in Uncategorized

Although the holidays are usually a time when buyers and sellers take a break and regroup for the new year, there are several reasons why staying active during the seasonal slowdown can be to your advantage. For buyers, starting your house hunt during the holidays gives...

08 Oct 2022 California Housing Forecast

Posted at 17:25h in Uncategorized

According to the California Association of Realtors, the California housing market will remain solid if the pandemic is kept under control. There will be structural challenges, however. C.A.R.'s housing and economic forecast states,"Supply constraints and higher home prices will bring California home sales down slightly in 2022....

28 Sep August home and sales report

Posted at 15:58h in Uncategorized

According to the California Association of Realtors, California existing home sales moderated in August as the market continues to return to normal though the median price climbs higher. (statistics provided by C.A.R. website) C.A.R. reports the following: existing, single-family home sales totaled 414,860 in August, down...

28 Sep Is the housing market finally cooling down?

Posted at 04:11h in Uncategorized

The housing market is cooling down across the country but not for the reason you would expect; first-time homebuyers have been priced out According to the National Association of Realtors, home sales fell in August. While the market appears to be cooling off, its in part...

08 Sep Changes in ADU policies achieved in Oakland

Posted at 04:38h in Uncategorized

As a result of the enormous efforts of Californians for Homeownership, a non profit organization sponsored by the California Association of Realtors, the city of Oakland has changed its policies towards the development of accessory dwelling units. These changes will allow Oakland homeowners to develop larger...

26 Jul Changes In ADU policies achieved in Oakland

Posted at 07:07h in Uncategorized

As a result of the enormous efforts of Californians for Homeownership, a nonprofit organization sponsored by the California Association of Realtors the city of Oakland has changed its policies towards the development of accessory dwellings units. (ADU's) These changes will allow Oakland homeowners to develop larger...

19 Jul June home sales and price report

Posted at 00:52h in Uncategorized

According to the California Association of Realtors, despite a new record price, growth slowed and pending sales dipped for the first time since May 2020 Single family home sales totaled 436,020 in June. This is 2.2 percent down from May and up 28.3 percent from June...

28 Jun Federal gov’t extends eviction and foreclosure moratorium; loan forbearance

Posted at 23:14h in Uncategorized

Evictions According to the California Association of Realtors, the CDC has extended the moratorium on evictions through July 31, 2021. They will also help state and local governments prevent evictions and expedite rental assistance to housing providers. Owners of multi family properties with Fannie Mae or Freddie Mac...

22 Jun Home Prices hit another record high in May

Posted at 21:36h in Uncategorized

According to the National Association of Realtors, U.S. home prices hit another record high in May. Specifically, the report said, "Median existing home prices across all housing types hit a record high of $350,300 in May, up 23.6% from the year before, Home prices rose across...