Welcome to another edition of the REALTOR® Report! You may recall that last month I reported the largest sales volume since September 2022, which was consistent with sales volume throughout California. So what’s your guess on June’s sales? If you guessed another record month, you’d be right! June’s sales volume for Southwest Riverside County was […]
Welcome to another edition of the REALTOR® Report! Last month, I was reporting to you from our National Association of REALTORs® conference in Washington, DC. If you recall, I had just attended a meeting discussing the debt ceiling and some not-so-positive repercussions if a deal could not be reached. Many people and organizations feared an […]
Welcome to another edition of the REALTOR® Report! This is always a busy time of year for me and those REALTORs® that also participate in our State and National Legislative Meetings advocating for homeownership and private property rights. With the housing market continuing to face challenges, we must continue fighting the good fight and making […]
I can’t believe we’re already in February. There has been a lot of talk about the housing market recently, including social media and news sources. Interest rates have declined, and housing prices are softening as a result of a less competitive market. This helps improve affordability and is bringing some buyers back to the market. […]
It’s Election Day, and I hope you have exercised your right to vote! You can’t complain about politics if you aren’t willing to participate. I hope everyone made educated votes and wish everyone luck as we wait for the results. There isn’t a lot of change in the big picture of the real estate market. […]
It wasn’t long ago that I commented that I felt like a broken record, and I’m sensing a déjà vu. Only this time, it’s a different tune. As the market has shifted, we are seeing similar trends continue for our region…unit sales are down, median prices are down, and days on market continues to rise. […]
August was a busy month in all areas I typically cover in this report. Unit sales were back up month over month, candidates for the General Election have been certified, and the State Legislative session came to an end. I also attended multiple economic forecast presentations, with two of those focused on our region specifically. […]
This month’s keywords are Recession, Inflation, and Interest Rates. You can’t turn on the news or open a newspaper without hearing or reading these words in a headline. So what exactly does that mean for our housing market, and more specifically, the housing market in Southwest Riverside County? Economically speaking, we have entered our 2nd […]
Today is also Election Day, and I hope you exercised your right to vote. As I always say, you can’t complain if you don’t participate! Before we jump into the numbers, last month, I wrote that our National Chief Economist was optimistic that we were not headed into a recession mainly due to the strength […]
I have been anxiously waiting to see the numbers for April to see the impact of the increase in mortgage rates. While there was a slight dip in closed sales, and some cities saw a small decrease in transaction value, the region as a whole had another solid month. The median home price in Southwest […]
