Our housing market is booming, making it a rare oasis in the midst of this pandemic. As past newsletters have pointed out, record low interest rates, the desire for larger homes to provide office and classroom space, and the desire to escape crowded urban settings, have put our local housing market on track to exceed […]
Gene Wunderlich, Sr. Staff Writer
Gene Wunderlich is the Government Affairs Director for Southwest Riverside County Association of Realtors. If you have questions on the market please contact me at GAD@srcar.org or to keep up with the latest legislative and real estate trends go to http://gadblog.srcar.org/.
- Posts: 95
- Website: http://gadblog.srcar.org/
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Let’s start with congratulations to all the recent election victors. Thanks as well to those who stepped up, gave it a run and came up short. Thanks for volunteering to be of service to our communities. A tip of the hat to all us survivors of another political season as well. There’s still a lot […]
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Our 2020 housing market continue to improve with September posting another increase not only a month-over-month increase of 9% (1,068 / 1,169) but a whopping 19% increase over last September (944). That brings us to within a rounding error of year-to-date sales volume just 21 units less than 2019 (8,357 / 8,337). Incredible given the […]
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While some (mainly progressive) economists were cautioning that the economy would fall off a cliff in August amidst a new CV-19 surge, the end of/or reduction in unemployment benefits, and continued stodgy recovery, recent jobs and stock market reports point to a somewhat more robust reality. Let’s start with a brief nod to the employment […]
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Earlier this year Congress passed the CARES Act, which among other protections and financial relief, provided a safety net to protect borrowers from losing their homes. Yet five months after its passage, more than 1 million homeowners who may qualify for mortgage relief through forbearance, are delinquent on their mortgages and facing foreclosure when they […]
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2020 just keeps getting weirder and weirder. As if the pandemic and all that entails isn’t enough, we’ve introduced Murder Hornets, Rabid Bats, Chinese Mystery Seeds, and radioactive Chernobyl ants to the mix, among other oddities. And don’t even get me started on the dysfunction that defines Washington D.C. and Sacramento right now, plus factoring […]
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By the time you read this the 2019-2020 legislative session in Sacramento will have ground to an ignominious halt having raised an inordinate amount of new taxes, increased regulatory pressure on businesses large and small, effectively ended more than 1 million California jobs for independent contractors with the passage of AB 5 (Gonzalez), and granted […]
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While the media’s grim reapers continue to predict catastrophe from the CV-19 pandemic, it’s hard to look at our current housing numbers with anything but optimism. I suppose this could be tempered going forward as the Governor selectively shuts down business that survived his first round of closures and had successfully reopened, but for now […]
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Remember the good old days when the only thing we had to worry about was a deadly pandemic? Seems like only yesterday. Oh wait… Yet with exceptions made for protesters and looters, our households are still on modified lockdown due to CV-19 that is continuing to wreak havoc with our economy, with our local business […]
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Considering the circumstances, our April housing market came in about as anticipated. Recall that March was a surprisingly robust month in spite of the rolling shut-down of the economy mid-month. Yet pending sales, that precursor of future closings, was off its historic norm by 27% coming into April. The fact that regional sales were only […]
