This is an honest explanation of how the 2008 housing crises was able to happen from a home buyers perspective and challenges traditional thinking about buying houses as investments.2008 Housing Bubble
Homes Sales fell in November while pricing was relatively unchanged. On the other hand, house rentals were strong, especially in the Antelope Valley. We rented almost ALL of our available inventory! My conversations with home buyers seemed to indicate home loans were taking longer to approve. What was your experience?
I thought this was an excellent piece by my friend and probate attorney Paul Horn. As always, check with your attorney on how this might apply to you and your estate.
Therefore, if you are using Medi-Cal and you own a house, then potentially that house might belong to the State of California. So how do you have your cake and eat it too? How do you use some of that $17 billion dollars that California receives per year that is earmarked for Medi-Cal and still pass the house on to your children when you die?
October didn’t cool down till Halloween in 2015. Tenants very uncomfortable with the heat found relief with the shorter days and the evenings more pleasant. The market cooled for its second straight month with the MEDIAN going DOWN in October.
September was another hot month – a LOT of house tenants DEMANDING AIR CONDITIONING! But, the housing market MEDIAN cooled and actually went DOWN in September for home buyers.
We experienced and incredibly HOT August even though SFR’s dipped in sales, the MEDIAN went higher!
A very strong July for the California housing market!
If you look at the May 2015 report and then this June report you will notice a big disparity on the May numbers. Either infographics got the info wrong on the June report, or the May. When July’s comes out we will see if the numbers get corrected. I think its safe to say, from multiple sources, that the MEDIAN PRICE of California homes is still in an upward trend. What do you think?