Articles Tagged with ''West Coast''

Redfin: Tech IPOs could contribute to wealth inequality in San Francisco's housing market

Tech IPOs projected to push homeownership further out of reach of residents
A new wave of tech IPOs are projected to heat up San Francisco’s housing market, but will they push homeownership further out of reach for its residents? Redfin Chief Economist Daryl Fairweather said their presence could ultimately contribute to wealth inequality in the area.
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Redfin: West Coast homebuyers are winning the bidding wars

In Q1, Americans had the highest first-offer success rate in the last three years
As lackluster home sales push inventory growth in the nation’s housing markets, new data from Redfin suggests purchasing competition has begun to ease in nearly every metro across the country. This is especially so for the West Coast, which saw the biggest year-over-year increases in first-offer success rates.
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Bloomberg: This is how the West Coast is benefiting from the housing market slowdown

San Jose's inventory jumped 55% year-over year in the first quarter of 2019
This year’s spring homebuying season has shifted towards the favor of homebuyers, heating up the nation’s tightest housing markets. In fact, according to a recent article from Bloomberg, inventory in previously hot areas like California is piling up, giving potential buyers an extra edge.
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Zillow: California's expensive housing market even prices out the rich

Californians typically spend more than 30% of their income on housing
California's housing market is so large that it now accounts for a third of the nation's housing market value. But as affordability concerns impact metros across the country, new data from Zillow suggests that not even high-income households can keep up with the Golden State's outrageous home prices.
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Good news homebuyers, there are more homes for sale

In January, inventory increases at the fastest rate in nearly four years
In January, the number of homes newly listed for sale rose 4.4% from the previous year, pushing inventory up 6.3%, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said things are looking good for buyers in 2019, as the supply of homes for sale is increasing at the fastest rate in nearly four years.
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Walker & Dunlop taking on the West Coast, hires Javier Rivera to develop its investment sales platform

Rivera will serve as senior vice president of new West Coast investment sales office
Walker & Dunlop hired Javier Rivera as senior vice president to help lead its newly minted West Coast multifamily investment sales team. Before he signed on with Walker & Dunlop, Rivera was an executive vice president with JLL’s Capital Markets Group and built the company’s multifamily investment sales and finance business in Southern California.
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FHFA: Home prices continue to soar on West Coast

Rise 0.5% nationally
The FHFA’s latest report showed home price increases picked up the pace once again in October, especially in the Pacific region. The West Coast continues to see the highest home price increases in the country, far outpacing the national average annual increase.
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