California faces a crisis of housing affordability due in large part to an under-supply of available homes, as a result of excessive government building regulations. These attempts by bureaucrats to centrally plan the economy and reshape the very fabric of our traditional communities has resulted in unbalanced real estate market, where housing demand far exceeds […]
2023 Real Estate Challenges Ahead
In order to understand the real estate market trends for 2023 let’s take a look at some economic factors: Interest rates, affordability, housing shortage and home sales. Interest Rates During 2022, the Federal Reserve Bank increased mortgage interest rates 7 times as seen in this chart. Once the rate of inflation was going up they moved […]