Author Archives: Kim Johnson

June’s housing data shows why we needed higher rates Looking at the housing market in the years 2020-2024, one risk I identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. I talked about having a 23% price-growth model for […]

Californians are taking a tip from Billy Joel, and they’re movin’ out. For every 37 moves into the Golden State, there are 100 California residents migrating out, according to moveBuddha, a moving company referral service and data reporter. In fact, California is the state with the second greatest outflow, second only to New Jersey. This tracks […]

As escalating mortgage rates and home prices shrink the pool of buyers, help your sellers understand why they’ll likely need to readjust their expectations.   Home sellers had gotten used to setting sky-high asking prices, and voracious buyers were eagerly bidding them up even higher—until now. As the market shifts more in buyers’ favor, over […]

Nationwide, a record share of homebuyers are relocating, many in search of affordability as prices and mortgage rates soar.   Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area. While that’s unchanged from the record set in the first quarter, […]

California’s suburbs have long attracted renters by offering a quieter and more affordable lifestyle. Demand for this lifestyle has exploded since the pandemic — and investors are taking notice. Build-to-rent homes, which are single-family residences (SFRs) built for the express purpose of renting, provide an outlet for this market force. Frequently, these homes take the form of rental home communities which tend to cluster […]

IRVINE, CA – June 2, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,304,007) residential properties in the United States sit vacant. That represents 1.3 percent, or one in 76 homes, across the nation. The […]

If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to check its Zestimate. The algorithm-fueled pricing tool estimates values for millions of homes across the country and is a popular resource for homebuyers and sellers alike. However, determining a home’s value is a […]

Market changes due to the pandemic have ushered in a new era of opportunity. COVID-19 has changed the world as we know it. Everything from where we live and work to how we value and spend our time and interact with each other has dramatically shifted in the face of the challenges of the ongoing […]

The real estate market has been wild for the past couple of years, but many are wondering if it’s finally starting to slow down. If so, this would be a long-awaited reprieve for buyers and a wake-up call for potential sellers, as the tide may be turning away from their favor. While 2022 was the […]

The state of California recently rolled out a pair of programs designed to help residents buy new homes or stay in their current ones, one of which provides forgivable loans to buyers for up to 10% of the purchase price. The programs, announced last month, include the Forgivable Equity Builder Loan program administered by the California Housing […]