What's in store for U.S. and California housing markets over the next three years? Pacific Union Chief Economist Selma Hepp offers highlights of an annual forecast from John Burns Real Estate Consulting. Read more @bethanywpatten #California #housingmarket #SanFrancisco #compass #realestate #realestateagent #bethanywpatten
More Evidence That Generation Z Will Become Active Homebuyers
THE YOUNGEST GROUP OF AMERICANS ARE ALREADY SAVING MONEY FOR A HOME Several months after a survey found that more than 80 percent of Generation Z plan to purchase real estate in the next five years, another shows that they are backing up that talk by actively saving money for a down payment. …
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Bay Area Households Are the Nation’s Best at Sticking to a Budget
San Jose residents ranks as America’s best for living within their means, thanks to having the country’s lowest debt not related to housing and smallest revolving credit usage. San Francisco places No. 2 for budget consciousness, with annual incomes that are more than $30,000 higher than the national median. Homeowners in all six of the …
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Election results 2018: Voters Reject Rent-Control Expansion
Proposition 10 trounced nearly 2-1 at the ballot box. Read more on the @bethanywpatten California voters soundly rejected Proposition 10 on Tuesday night, electing to preserve the state’s 1995 Costa-Hawkins Act and its profound restrictions on local rent control laws. The California secretary of state’s office reported Tuesday night that an estimated 64 percent …
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PLEASE VOTE NO ON PROP 10
"PLEASE VOTE NO ON PROP 10". Proposition 10 is a statewide ballot initiative in the November 2018 election that aims to repeal the Costa-Hawkins Housing Act. While Proposition 10 has become a polarizing issue, it is critically important to understand what it does and does not do. Read more on the @bethanywpatten …
Is it a stretch to say Prop. 10’s rent control is bad economics?
(Photo by Dean Musgrove, Los Angeles Daily News/SCNG) Simply put, the economic concept of “elasticity” is in play with Prop. 10. This theory measures what a consumer may do when faced with changes in the price of a product or service. Or how far you’d rationally stretch your budget to buy something. Read more @bethanywpatten …
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Most Americans Like Their Neighbors
THREE-QUARTERS OF HOMEOWNERS SAY THEY HAVE GOOD NEIGHBORS Here is some promising news for anyone who is planning a move: There’s a better-than-average change that you’ll like your new neighbors. Realtor.com’s 2018 Good Neighbors Report found that 77 percent of Americans think that they have good neighbors, compared with just 7 percent who believe the …
