Oct 16

California housing market won’t slow down in 2016

California housing market won’t slow down in 2016

California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast.”

Making sense of the story

  • The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.
  • Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.
  • C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015.
  • The state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.
  • The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.
  • The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300. This is the slowest rate of price appreciation in five years.
  • C.A.R. Vice President and Chief Economist Leslie Appleton-Young commented, “The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth.”

Source: Inman

Jul 28

Increasing interest rates becoming an issue for first time home buyers

The percentage of buyers whocould afford to purchase a medium priced single famiuly home have declined 30% in the second querter of 2015

Jun 16

Burglar Awareness 2015



Two hundred and thirty-eight years ago, this July 4th, a new nation was conceived, different from all others – a nation that could and would capture the imagination of the world for centuries to come…a nation that captured a dream.

As REALTORS®, we have dedicated our professional lives to helping those around us help achieve one part of the dream, the right to own property. But today, helping our fellow Americans achieve that dream is not easy.

Facing a less than robust economy, lending restrictions and growing concerns in regards to both regulatory and legislative reform, our work is challenging. It requires persistent, ongoing effort to protect the right of property ownership, and to ensure access to achieve property ownership. But I believe with all my heart, that it is our American duty to do so.

As REALTORS®, we serve our communities and residents in a profound way. I hope all of us would feel a sense of pride in our work, and feel a sense of duty in promoting and protecting that which our forefathers 238 years ago envisioned as one of the key elements of this New Nation. In doing so, we will be able to help generations of future Americans realize an important part of that “American” dream.


Be aware of what is going on in your neighborhood. Phone Deputy Sheriff at (626) 330-3322 if you are aware of a disturbance!

Diana Wood CIPS, SRES, PMN, Honorary Member For Life

Realtor® – LIC: 00660970

(626) 437-3987

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