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/.
A recent article in the Wall Street Journal stated – “The House Party May Be Winding Down”. Their concern? That rising interest rates coupled with continuing double digit price appreciation could stall a housing market that has been charging at a bullish rate for the past decade, long exceeding previous run-ups. In fact-mortgage interest rates, […]
There’s an old saying “Just because you’re paranoid doesn’t mean they’re not out to get you”. As I peruse articles in the Wall Street Journal, I am frequently reminded why we are fortunate to live in our little corner of the world. Recent headlines include ‘Murder in Several Cities Set Records’, ‘A Sanctuary City for […]
Barring any further legal, illegal, or extra-legal extensions, the moratoriums on eviction of non-paying renters have expired – California’s on September 30, the CDC on October 3rd. The CDC extension was actually struck down by the Supreme Court back in August when it agreed with plaintiffs that the federal agency did not have the power […]
As Judge Gideon J. Tucker famously opined, “No man’s life, liberty, or property are safe while the Legislature is in session.” For Californians, a brief respite in the assault on our lives and businesses was called on September 10th. Ahhh, the end of another California Legislative session. All told there were 2,776 measures brought before […]
Chances are you know somebody who has moved out of California recently. Maybe more than one. Probably several. Without giving it much thought, I can name more than a dozen friends in the past year alone who have headed to Tennessee, Florida, Texas, Arizona, Idaho, Colorado and other destinations. And the beat goes on with […]
Well, here we go again. Long-time readers will recall my rants over the past decade as Realtors fought against the so-called WOTUS rule, the Waters of the United States. This was an Obama era expansion of the 1972 Clean Water Act that sought to redefine what constituted a ‘navigable waterway’ to include not only bodies […]
In 1986 California voters overwhelmingly voted to pass Proposition 58. This amendment to the California constitution excluded from reassessment property transfers between parents and children. What that meant was that a parent could provide their home to pass to their children without taxing the children out of the home by continuing the Prop 13 tax […]
So last month we talked about the critical shortage of housing in California, particularly affordable/workforce housing, which is contributing to the significant ramp up in year-over-year prices for existing home. We also explored the escalating cost of new home construction predicated on lumber prices and shortage, at least partially a self-inflicted wound in California’s case. […]
In case you’re not aware, our housing market is red hot right now with prices rising year-over-year by double digit increments as too many buyers chase too few homes. This is not a locally isolated occurrence as it also impacts most of the state and much of the rest of the country as well. There […]
Comes a time when we all must exit stage right, one final bow to the audience, and ride off into the sunset. For me, that time is now. After nearly 3 decades monitoring our local real estate market and more than a decade sending out this compendium of all things housing, and burdening you with […]
