Santa Monica Monthly – April 2022
Most and Least Expensive States To Live In Thinking about your next big move? Choosing a place to live is a highly personal decision, and there are a lot of factors that go into it besides purely financial ones. For example, maybe you live in a place with a high cost of living, but you’re […]
Santa Monica Monthly – March 2022
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. Powell said he sees a series of quarter-percentage-point increases coming, though he left open the possibility […]
Santa Monica Monthly – February 2022
Last Year’s Housing Market Was a Wild Ride… Here’s What to Expect in 2022 The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot […]
Santa Monica Monthly – January 2022
Where the Housing Market Is Going in 2022 As Told by 7 Leading Forecast Models A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from […]
Santa Monica Monthly – December 2021
Zillow’s home-buying debacle shows how hard it is to use AI to value real estate In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate” would also represent an initial cash offer from the company to purchase […]
Santa Monica Monthly – November 2021
Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now There’s never been a housing market quite like this before. Today’s real estate agents are pulling double duty as therapists, consoling heartbroken homebuyers who lost out on their fifth-or 15th-home. First-time homebuyers around the country are being outbid […]
Santa Monica Monthly – October 2021
Will The Housing Market Cool Off This Fall? Today’s hot housing market is one of the peculiar outcrops of the pandemic. Housing supply was already low before Covid-19, but it was further hampered as lockdowns took place and people began looking for new homes, driven by a host of reasons-from the desire to leave populated […]
Santa Monica Monthly – September 2021
Foreign Buyers Spent $20 Billion Less on U.S. Real Estate Travel restrictions associated with the coronavirus kept many foreign would-be buyers out of the U.S. last year – and that kept billions of their dollars out of the housing market. Home purchases by international buyers and recent immigrants plummeted 33% from the previous year, according to […]
Santa Monica Monthly – August 2021
Why You Need To Know About ‘Pocket Listings’ in an Increasingly Competitive Real Estate Market Some of the most exclusive real estate properties never hit the open market. Instead, sellers will only solicit offers from a select group of buyers through what’s known as a “pocket listing.” This practice is nothing new. But in a […]
Santa Monica Monthly – July 2021
Luxury Home Sales Soar, Even Helping Houses That Languished on the Market for Months Americans looking to buy a home have struggled with bidding wars and a limited number of houses for sale. But one area of the cutthroat real estate landscape is improving. It’s the luxury segment, where listings are up and homes are selling […]