Rising construction costs squeeze housing supply
Housing demand in major cities and urban areas is high, but the price to build is expensive, driving prices continually higher. According to analysis presented by Pacific Union Insights, a lack of new construction is a major supply problem facing many desirable and economically vibrant U.S. cities, with California experiencing one of the most severe shortages. California’s regulatory environment poses many obstacles to new construction, causing land prices, labor costs, and h
East Arroyo Grande home listed & sold
Stunning custom home located among the wooded oak spender of Wildwood Ranch. Formal living w/ vaulted ceiling & outdoor patio area, formal dining w/built-in hutch, spacious kitchen open to family room w/warm fireplace. French doors create indoor/outdoor living which is perfectly suited for the great micro-climate of this east Arroyo Grande home. Private office space. Master Suite offers vaulted ceilings & an amazing view of all the splendor nature has to offer in the beautifu
Before you FSBO, consider this...
If you’re looking to sell your home in the near future, you may feel inclined to list it as a For Sale By Owner (FSBO) before working with a Realtor. For many, this is considered one good way to cut back on costs and possibly earn a little more profit on the sale. However, there are certain aspects you may want to consider before going down this path. Statistically, over 80% of FSBO’s end up being listed with a Realtor at some point. Therefore, it pays to take the time to
Economists Study the Effect of Student Debt on Access to Homeownership
The rising level of student debt and the relatively high default rates for student loans have raised concerns about the impact on future home ownership among student borrowers. Federal Reserve Board Economists Dr. Daniel Ringo and Dr. Alvaro Mezza recently presented the results of a paper estimating the impact of an increase in student debt on home ownership. Making sense of the story: A 10 percent increase in student loan debt decreases the home ownership rate by one to two
