County Market Updates Housing Perspective Market @ A Glance. On a scale of zero bubbles (no bubble here) to five bubbles (five-alarm warning) … TWO BUBBLES! In Riverside County, sales rose … The Riverside, CA housing market is very competitive, scoring 77 out of 100. Home sales volume remained low throughout the elongated recovery, as did job creation. Post was not sent - check your email addresses! NAHB publishes a variety of free and subscription-based housing and economic forecasts on Housing Economics PLUS. Over the past three decades, my trusty spreadsheet found prices declines occurring at a pace equal to one down year every three years. U.S. housing market expansion to continue in…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), U.S. housing market expansion to continue in 2021, Realtor economist forecasts, 181 new homes coming to Anaheim, Newport Beach after land sales, Untethered from the office, urban tenants are flocking to the Inland Empire, Empty offices to evolve and fill back up post-pandemic, CBRE exec says. Created with Sketch. Break the home-selling rules this holiday season and decorate like you mean it. But keep in mind that home prices are unlikely to fall to the bargain-basement prices many were hoping for. “When we go to the housing market forecast,” he added, “all good news. If you see comments that you find offensive, please use the “Flag as Inappropriate” feature by hovering over the right side of the post, and pulling down on the arrow that appears. Sorry, your blog cannot share posts by email. “When it comes to home buying, it’s all about the pocketbook,” Yun said. The HPI Forecast also reveals the disparity in expected home price growth across metros. Falling prices are part of the market’s ebb and flow. (A neighbor hates mine), Where to eat in Orange County in 2020: A guide to the best places, How The Blind Pig got national publicity — it was a case of mistaken identity, California a first-time hombuyer’s nightmare, U.S. pending home sales dip again, but 20% above year ago, 1930s Spanish-style home with speakeasy in North Tustin asks $3.3 million, 181 new homes coming to Anaheim, Newport Beach after land sales. The general-consensus forecast for the Austin housing market is that houses will get more and more expensive, as we move into 2021. When can Disneyland and other major California theme parks reopen? We might permanently block any user who abuses these conditions. He later earned a master’s degree from the USC School of Journalism. Ask MR BOB for answers! The Covid 19 shutdowns have impacted the rental housing market, yet prices have risen and look to rise further in the face of ongoing rental housing shortages, and a housing market that may cool. Residential construction of all types continues to struggle in this region, leaving would-be homebuyers wanting for more. The industry’s hype that housing is now “hot” — during a deep recession in a region with year-to-date sales volumes still below 2019’s pace — may be a more “bubblish” worry than CoreLogic’s forecast of modest price drops in the next year. As of September, the median price for an existing single-family home in the U.S. — or the price at the midpoint of all sales — was $316,200, Realtor figures show. For more than a decade, Jeff Collins has followed housing and real estate, covering market booms and busts and all aspects of the real estate industry. When can Disneyland and other major California theme parks reopen? The full effects of the coronavirus pandemic on real estate won't be seen for several months.