The Latest Real Estate News on HousingWire

If you are looking for the latest real estate news, you’ve probably seen articles like this one.

Home prices rose 0.76% in October, according to the latest S&P/Case-Shiller home price index.

In other articles, you might have read that rents in San Francisco are cooling down, and

Sacramento is experiencing a real estate boom. Or, perhaps you’ve been following the California real estate market and noticed that rents are rising in Sacramento. Whatever the case may be, you can find the latest real estate news on HousingWire.

Home prices rose 0.76% in October according to the latest

S&P/Case-Shiller home price index

The latest S&P/CaseShiller home price index shows that home prices have risen 0.76% from October 2013. This is a modest increase, but it’s still much more than a decade of stagnant growth. This is good news for first-time home buyers, and it’s good news for those who want to sell. But it’s not so great for those who are looking to flip a home. Despite the improvement, home prices remain well below their peak from July 2006.

The latest S&P/Case/Shiller home price index shows that home prices rose 0.76% in October, slightly higher than Wall Street had expected. Home prices rose in 19 out of 20 metro areas, and only San Diego slipped. That puts prices near mid-2003 levels. However, a recent survey suggests that prices may be slowing down and are at a plateau.

Inventory remains tight but supply of homes on the market has almost doubled

A lack of new construction and institutional investment capital has decreased the number of homes on the market, causing prices to skyrocket. Rising mortgage rates usually cool housing demand, but the lack of inventory may complicate that relationship. Home prices are near record levels, which has fueled the rise in home prices. However, rising mortgage rates are also contributing to tight housing inventory. This may cause prices to rise even more in the near future.

The housing market is now facing a shortage of 3 million homes, according to the Census Bureau. And, in addition to a lack of available homes, supply chain issues have added thousands to the price of the typical house. This shortage has been a persistent problem for years, but factors associated with the housing bubble pandemic have only exacerbated the situation. The lack of homes for sale is one of the main reasons why the housing bubble burst in 2008 was one of the most severe since the Great Depression.

Sacramento is in the midst of a real estate boom

Sacramento is the state’s capital and the fastest growing statewide housing market in the country. The current real estate boom seems to be tied to Sacramento’s proximity to other primary cities. The low cost of living in Sacramento makes it a desirable option for first-time homebuyers and renters alike. In addition, construction in the region will outpace the rest of the state by 2020. There are several reasons for this boom.

First, the Fed has dropped interest rates to historically low levels to spur buying activity. Second, the economy is improving, and more people are ready to buy than they were just a few months ago. The housing market is also fueled by lower borrowing costs, which have made purchasing a more affordable option for many. But there’s still a long way to go before new listings begin flooding the market. So, while property news are likely to continue to rise, it’s still important to understand how this boom is likely to affect the housing market in the area.

San Francisco rents and real estate prices are cooling off

As a city with an extremely high rent, the high costs of living and a burgeoning tech industry, San Francisco is one of the most expensive places to live. While many people question whether a city with such high housing costs could be livable for anyone, the housing market has historically outperformed the state and national markets. While the city has seen a significant rise in home prices, the recent cooling in the market has caused rents to fall.

The lack of available housing is one of the primary reasons why the real estate market is slowing down. The city’s regulations prohibit high-rise construction and new development. This is a problem in a city with a limited supply of land. While the demand for housing is high in San Francisco, there isn’t enough land to meet that need. As a result, new construction permits have been stalled. However, California’s economy is strong and jobs are increasing, which is a positive sign. The lack of new construction has fueled prices in San Francisco.