California Home Sales Close 2018 on Downward Trend

Michael Gerrity | January 18, 2019

California Home Sales Close 2018 on Downward Trend
According to the California Association of Realtors, California home sales declined for the eighth straight month in December 2018, and a stagnating market for much of the year pushed sales lower in 2018 for the first time in four years. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 372,260 units in December 2018, says C.A.R. The statewide annualized sales figure represents what would be the total number of homes sold during 2018 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

Spotlight

Historic Highlands Square Victorian loaded with vintage charm. High 9ft ceilings, Gas Burning Fireplace with new insert, Crown Molding, Original Hardwood Fir Flooring, Exposed Brick, and a large Deck off the master. There are 2 bedrooms and 2 bath rooms, and an extra bonus room off the kitchen.


Other News
REAL ESTATE TECHNOLOGY

Carrier to Acquire BrokerBay Inc., a Leading Digital Real Estate Solutions Provider

Carrier Global Corporation | September 17, 2021

Carrier Global Corporation the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed an agreement to acquire BrokerBay Inc., a pioneer in the development of an advanced, streamlined and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access, will strengthen Carrier's leading access solutions offering within its Fire & Security business. Supra, part of Fire & Security's Access Solutions business, has been ser...

Read More

REAL ESTATE TECHNOLOGY

MIAX to Launch Suite of BRIXX™ Commercial Real Estate Futures on MGEX

MIAX | September 16, 2021

MIAX, creator and operator of high-performance securities exchanges, products and services, will launch cash-settled futures contracts on BRIXX™ Commercial Real Estate (CRE) Indexes developed by Advanced Fundamentals. The first contract to be listed will be the BRIXX Retail Index futures contract which is expected to begin trading on October 4, 2021. Three additional BRIXX CRE Index futures are expected to be listed in the fourth quarter of 2021. Cash-settled options on the BRIXX CRE Indexes will launch on MIAX, also targeted for fourth quarter of 2021. The launch of the futures and options contracts remain subject to regulatory approval. BRIXX futures ...

Read More

REAL ESTATE INVESTMENT

Walker & Dunlop Investment Partners and Ivanhoé Cambridge Announce a Multifamily Preferred Equity Partnership

Walker & Dunlop Investment Partners, Inc. | September 15, 2021

Walker & Dunlop Investment Partners, Inc. announced today that it has partnered with Ivanhoé Cambridge, a Canadian real estate company with assets around the globe, to form a programmatic joint venture. The joint venture will make preferred equity investments in multifamily, student housing, and manufactured housing properties throughout the United States. Its strategy will focus on identifying opportunities with stabilized properties, primarily in top 25 MSAs, with a range of three- to ten-year investment horizons. The venture aims to address the growing need for flexible gap financing at an attractive cost of capital amidst a low cap rate, high-liquidity capital m...

Read More

REAL ESTATE INVESTMENT

Bandwidth Powers 'PropTech' Innovators in Red-Hot Housing Market

Bandwidth Inc. | September 14, 2021

Bandwidth Inc., a leading global enterprise communications platform and cloud-native carrier, announced it is powering some of the most innovative digital disruptors in the red-hot U.S. housing market. As the nationwide surge in the real estate market continues, buyers and sellers are increasingly adopting new digital tools to more quickly and conveniently get to the closing table. Bandwidth is the messaging and communications platform of choice for several innovative property technology, or PropTech, companies that are eliminating friction and improving the customer experience in the key steps of a real estate transaction, such as choosing a real estate agent, finding or rent...

Read More

Spotlight

Historic Highlands Square Victorian loaded with vintage charm. High 9ft ceilings, Gas Burning Fireplace with new insert, Crown Molding, Original Hardwood Fir Flooring, Exposed Brick, and a large Deck off the master. There are 2 bedrooms and 2 bath rooms, and an extra bonus room off the kitchen.

Resources

Events