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Friday July 2, 2021
Lumber Futures Drop Drastically, Prospective Homebuyers Stand to Benefit

Much to the new construction industry’s dismay, the cost of one thousand board feet of lumber hit $1,670.50 on May 7, 2021 (a 400% increase since the COVID-19 crisis in April 2020). The cost of lumber adversely im...

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Wednesday June 30, 2021
MAY 2021 PENDING HOME SALES SIGNIFICANTLY HIGHER THAN APRIL 2021, BUT ECONOMISTS EXPECT PRICE GROWTH TO SLOW IN SECOND HALF OF THE YEAR

According to the National Association of Realtors (“NAR”) May 2021’s pending home sales (instances where a contract was signed for a previously-owned home, but had not closed) was 8% higher than April 2021; ...

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Monday June 28, 2021
Eviction Moratorium Extended to September 30 2021 State Agrees to Assist with Back-rent Owed

California landlords were dealt another blow on June 25, 2021, when the embattled Governor Newsom and other legislative leaders agreed to extend the state’s eviction moratorium, brought on by the COVID-19 pandemic...

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    Monday July 26, 2021

    In June 2021, the volume of new home sales dropped to its lowest level since the onset of COVID-19 in early 2020. T...

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    Friday July 23, 2021

    While June home sales were lower than expected, they still represent a rebound after 4 consecutive months of declin...

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    Wednesday July 21, 2021

    According to date released by the U.S. Census Bureau (“USCB”) on Tuesday, July 20, 2021, building permits dropp...

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    Monday July 19, 2021

    In August 2020, the Federal Housing Finance Agency (“FHFA”) announced that Fannie Mae and Freddie Mac would cha...

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    Friday July 16, 2021

    It appears that the rate of appreciation in home values, despite slowing down, will continue to increase for the ne...

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    Wednesday July 14, 2021

    We’ve been seeing a lot of discussion about inflation recently, and that discussion is warranted; housing costs ...

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