The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on January new home construction:
The West San Gabriel Valley Association of REALTORS® (WSGVAR) has been established since 1922, representing approximately 3,000 REALTOR® members. WSGVAR is the Voice of Real Estate for the Los Angeles County/San Gabriel Valley area serving the communities of Alhambra, Rosemead, Monterey Park, San Gabriel, and Temple City.
Our membership is composed of residential and commercial REALTORS® who are brokers, salespeople, property managers, appraisers, and others engaged in the real estate industry.
LOS ANGELES (Feb. 16) – Following months of defying severe housing inventory shortages and eroding affordability, California’s housing market dropped below the 400,000-level sales benchmark for the first time in nearly two years as sales declined on both a monthly and annual basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
WASHINGTON (February 13, 2018) — An uptick in existing-home sales in the final three months of 2017 pulled down housing inventory to an all-time low and kept home-price growth at its recent robust pace, according to the latest quarterly report by the National Association of REALTORS®.
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