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...
Read Full PostMAY 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; ...
Read Full PostEviction 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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