According to data from realtor.com, the housing market across the country is experiencing surges and a decreased number of days that homes stay on the market. Many of the fastest growing housing markets are located in California.
California real estate developers may want to look into non-traditional lenders for their projects because increased regulation on banks and other sources of debt is going to make getting existing loans refinanced and loans for new construction more difficult. These regulations are due to take effect at the end of 2016. However, this opens the way for a number of non-traditional debt sources, including online lending platforms.
For many California couples, purchasing their first home will be the largest single investment they will ever make. Many of them rely on the Internet as well as recommendations of friends and family members to find available properties. It can be an exciting time, but first-time buyers should avoid falling prey to some prevailing myths about the process.
The time that real estate professional spend at their desk can impede productivity and profitability. California brokers and agents can benefit from software advances that allow them to streamline their activities. For example, programs that update listings across numerous websites can save time that would otherwise be necessary for making independent updates on each site listing the same property. This type of innovation was extensive more than a decade ago as the needs of consumers were met through companies such as Zillow. Commercial companies have followed suit, creating mobile solutions for agents and owners.
Real estate investors in California may be interested in the Urban Land Institute's latest forecast for the period between 2016 and 2018. The biannual 'ULI Real Estate Consensus Forecast" was released on April 6, but a synopsis of the report was available earlier. Compiled in March by the ULI Center for Capital Markets and Real Estate, the report covered information gathered from 38 different real estate economists.
Selling a home can be a difficult and drawn-out process, as many California homeowners probably already know. For those going through the process for the first time, however, some tips may come in handy and help the sale go more smoothly.