If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most...
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....
Consumer sentiment about future economic conditions in California remained about the same in the second quarter (Q2) of 2018. Planned spending on big-ticket purchases rose from the previous quarter. The outlook for future spending is more positive than negative, according to Chapman University’s California Consumer Sentiment Survey. Last quarter’s...
Renters in 2017 spent more of their income on rent, while homeowners actually spent less of their income on mortgage payments and associated housing costs. In California, both are paying way too much. Financial experts recommend a tenant or owner limit their cost for shelter to...