On January 1, 2020, California became the first state to require solar panels on all new homes—what many are calling a “solar mandate.” What impact will this have on home building in California in 2020? By all accounts, not very much. …
The big three housing markets—Texas, Florida, and California—all easily topped 100,000 building permits in 2017. Combined, they account for almost one of every three new homes permitted for construction in the US last year. Only one other state (North Carolina …
Single-story homes are a hot commodity. However, as high land prices and scarce space continue to drive densities higher, the share of single-level floor plans is shrinking. With buyers fighting over a limited supply, we would expect single-story homes to …
Coastal California home prices have skyrocketed, creating great opportunities for homeowners to cash out and move to a smaller, nicer home. Check out this news clip featuring Dean Wehrli on the trend toward surban™ living. . Click here to view video …
In many areas of California, particularly the more built-out coastal counties, an increasing number of projects are being built in older infill neighborhoods. Infill areas often have no actively selling new home projects to use as comps for new deals; …
Strong housing markets attract competition. Home builder competition in the 33 largest markets in the country has increased 6% over the last year to 8,336 new home communities. These communities represent about 40% of US new home sales. The increases …
With so much attention focused on the billion-dollar Bay Area tech company valuations and San Francisco rents and home prices that have escalated to all-time highs, we decided to work with powerhouse San Francisco Bay Area real estate brokerage Pacific …
California has always been expensive, and it is getting even more expensive as buyers from all over the world flock to the Golden State. Even considering today’s low mortgage rates, the ratio of monthly housing costs (which include mortgage, PMI, …
When shopping for a new home, buyers have a new concern to add to their list: How are the schools? Is the area nice? Is there retail nearby? Will I have water? Maybe. Water has become the issue du jour …
Home prices have gone through a severe bear market for the past five years, after experiencing a strong rising market for several years before that. While some have become discouraged about residential real estate, the time for discouragement is past. …