Hopes of housing shortage relief are dashed as new listings drop

New listing volumes have failed to make up for the shortfall of 2020 and were down 16 percent and 21 percent year over year in January and February, according to a new report from Black Knight. Continue reading

Realtor.com predicts market shift impacting buyers is on the way

A market shift that will impact homebuyers well into 2020 is likely on the way, according to realtor.com’s June 2019 trend report.  Continue reading

California fire destroyed 18 months of listing inventory

As of Oct. 2018, there were only 858 properties on the market in Butte County, and loss of more than 12,000 residences will result in an unstable local housing market for years to come. Continue reading

Existing home sales remain steady, ending four-month slump

Sales of existing homes remained steady from July to August, ending four months of decline, according to data from the National Association of Realtors. Continue reading

Rents are flat for the first time since 2012

The nationwide median rent in August remained unchanged year-over-year for the first time since 2012, according to Zillow’s latest housing data survey. The median rent is actually lower than it was in August 2017, in 19 of the nation’s 35 largest housi… Continue reading