At the heart of the crisis is a self-imposed shortage of land. “California has made buildable land artificially scarce by putting so much of that resource off limits,” notes Pinto. “The state and towns have imposed the nation’s thickest web of rules to block new construction.” It takes roughly ten years for developers to win approval from towns and environmental authorities for new subdivisions within 50 miles of the coast. For the inland areas, the timeline is more like five years. “

So far, America faces nothing resembling an outright crash. But for the average homeowner, it will hardly bring cheer that the closer they get to the holidays, the more they’ll be watching the value of their cherished ranches and colonials fade.

“We owe it to our children and grandchildren to squarely address the growing housing affordability crisis that has already reached acute stages in California and has spread to many other parts of the nation,” says Housing Center Director Ed Pinto. “These supply deficiencies stifle economic growth and opportunity while creating a worse future for our nation.”

The transaction is expected to close in the first half of 2023, following the receipt of regulatory approvals and the satisfaction of customary closing conditions.

Despite what you may read in the financial press, real estate has always been and continues to be, the IDEAL investment. The best real estate most of use will ever own is the real estate we bought yesterday (or last year, or ten years ago, or even longer ago). Everyone you talk to wants to own real estate.

Relatively low historical nominal rates (5.54% as of 7.25.22) and negative inflation adjusted real rates, along with supply constraints, a home equity wealth effect from monetary stimulus, and the Work from Home revolution will continue to fuel historically high HPA until later this year.

Copyright for Creatives is consistently accessible and application-oriented, and includes an overview of the registration process, copyright-related terms of service of the major social media platforms, and quick, relevant notes on trademark protection and open access alternatives

So, syndication is not IDX.  Syndication focuses specifically on where you want to advertise your listings, whereas IDX focuses on an authorized participant’s ability to display (advertise) other broker’s listings (competitors) on their website.

If data is the new oil, then data rights is the core asset that controls the refining and formulation of data into information products needed by many industries.  REALTORS own the rights to the “original” data --its structure and local aggregations-- but have been unable to monetize these assets beyond the first point of sale.