by rb | Oct 9, 2022 | California Real Estate Press, Press Room, Ventura County Real Elestate Press
Job gains continued in September with a solid 263,000 net new additions. More Americans are working now than ever before, with 153 million on the payroll. The unemployment rate is tight at 3.5%, but the employment-to-population ratio is at 60.1% compared to 61.2%...
by rb | Oct 8, 2022 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press
Home buyers may be tempted to expand their search criteria to find places that offer greater affordability farther away from city centers. Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®, notes that rural areas,...
by rb | Oct 7, 2022 | California Real Estate Press, National Real Estate Press, Ventura County Real Elestate Press
Mortgage rates took a breather this week. According to Freddie Mac, the 30-year fixed mortgage rate fell slightly to 6.66% from 6.70% the previous week. While there are mixed signals from the labor market, investors await the employment situation report that will...
by rb | Oct 5, 2022 | California Real Estate Press, National Real Estate Press, Ventura County Real Elestate Press
October 03, 2022 – Americans’ confidence rose to the highest level in six months in September and their spending remained steady despite higher prices. Wage growth, however, is not keeping pace with inflation and thus consumers are increasingly relying on their...
by Russell Boyd | Aug 9, 2022 | California Real Estate Press, Press Room, Ventura County Real Elestate Press
As the California legislature closes out the 2020-2022 legislative session, which concludes at the end of this month, C.A.R. is strongly opposing two bills currently before the legislature — SB 1105 (Hueso) and SB 679 (Kamlager). Both bills create housing agencies...
by Russell Boyd | Jul 21, 2022 | California Real Estate Press, Ventura County Real Elestate Press
California home sales and price curb in June as housing demand cools, C.A.R. reports 2022 Housing market forecast revised to 380,630 units sold and a statewide median price of $863,390. Existing, single-family home sales totaled 344,970 in June on a seasonally...
