Best Year in Real Estate for Decade!

Best Year in Real Estate for Decade!

Published: 01/26/17

Episode: 11

California Real Estate Update

Volume: Volume 2

Best Year in Real Estate for Decade!

Written and Produced by Laura Artman, MBA

Talent by Mary West

This is the California real estate update for January 17th. Hello this is Mary West and this segment is sponsored by Group 1 Real Estate.

This week we look at the December 2016 REALTORS® Confidence Index. The index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners

First-time home buyers accounted for 32 percent of sales, up from 30 percent one year ago
Sustained job creation has created a favorable environment for homebuyers.
Lack of supply, appraisal delays due to a shortage of appraisers, and rising mortgage rates were the main concerns reported by REALTORS®.
Distressed properties accounted for six percent of sales.
Finally most respondents were confident about the outlook over the next six months for single-family homes, townhomes, and condominiums markets.

Thank you for listening and for a transcript, please visit Group1RealEstate.com. This is Mary West with the California Real Estate Update by Group 1 Real Estate.

Best Year in Real Estate for Decade!
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