by Dustin Balloun | Jun 6, 2023 | Industry News, Market Reports
SUMMARYDespite higher mortgage rates and economic uncertainties, the housing market in California, particularly in Ventura County, continues to thrive. The market faces tight inventory, with new listings declining and homes selling much faster than earlier this year....
by Dustin Balloun | May 23, 2023 | Market Reports
SUMMARYThe California housing market experienced a dip in sales due to higher mortgage rates and low inventory. However, there are positive rebound indications, with closed sales projected to increase in May. Housing affordability saw improvement at the start of the...
by Dustin Balloun | May 16, 2023 | Market Reports
SUMMARYThe California housing market faces economic challenges and inflationary pressures, impacting consumer sentiment. However, there are positive signs with increased home purchase sentiment and a decline in mortgage delinquency rates. While concerns remain, the...
by Dustin Balloun | May 9, 2023 | Market Reports
SUMMARYThe California housing market in 2023 is expected to be affected by high-interest rates, inflation, and the possibility of a recession. The job market is predicted to grow moderately, with healthcare and hospitality being notable sectors. However, the risk of a...
by Dustin Balloun | May 9, 2023 | Market Reports
SUMMARYDespite the challenges the California housing market has faced, such as tight inventory, recent banking turmoil, and concerns over economic growth, market activity is gradually increasing. The share of those having listing appointments, entering escrow, and...
by Dustin Balloun | May 2, 2023 | Market Reports
SUMMARYVentura County’s labor market faces several challenges, including a declining population, net out-migration, and a restrictive impediment to new growth represented by SOAR. Although the unemployment rate is low, unfilled job openings remain high, and job...
