What Would a Recession Mean for the Housing Market?
According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we w
92116 30-day Market Update (08/15/22)
Here is your 30-Day Market Snapshot for 92116 as of August 12, 2022. 🏡⭐ NEW LISTINGS: There have been 15 detached homes listed and 10 attached homes listed for sale. 📃👏 IN ESCROW: 12 detached homes and 8 attached homes went into pending status. 🔑 RECENTLY CLOSED: 13 detached homes and 4 attached
The U.S. Homeownership Rate Is Growing
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, an
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