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California attorney general cracks down on rental price gouging

Housing Wire

the office of California Attorney General Rob Bonta announced it was pressing charges against a second unnamed Realtor for price gouging. The attorney generals office said that the California DOJ has sent over 650 price gouging warning letters to hotels and landlords. But inventory is rising and conditions favor sellers in many areas.

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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. In addition to making buyers more prudent in their purchases, local real estate professionals also say interest rates are to blame for the area’s lack of inventory.

Buyers 448
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57 crucial real estate statistics that explain the 2025 market

Housing Wire

They have been gathered from reputable and distinguished sources, including Altos Research, the National Association of Realtors, Zillow, the Census Bureau and more to guarantee they are the most up-to-date, expert opinions in the biz. There is currently an inventory of 642,359 properties. 10% of properties have been relisted.

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Here’s how to find property owners ready to sell

Housing Wire

There’s still a massive amount of buyers and not enough inventory,” said Tyler White, Senior Vice President of Operations at PropStream, a real estate data provider. Access to property data and an ability to efficiently target prospective sellers can give agents and brokers a competitive edge in this low-inventory environment.

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What are the drivers of housing demand in 2022?

Housing Wire

These young buyers are not without headwinds, such as low affordable housing inventory, rising home prices and student debt. Younger millennials may have also helped as they moved back home during the pandemic at record numbers, thus skipped paying market value rent to a landlord. There are 23.4 million adults aged 28-32 in the U.S.

Buyers 488
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Through the eyes of the single-family rental lobby

Housing Wire

In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. Selling out: America’s local landlords. We already have prior statistics and have a pretty good sense of the inventory of some companies who are publicly traded. That’s 1.1%

Investors 435
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Winners and losers of this volatile housing market

Housing Wire

A combination of higher home prices, rising interest rates, consumer concerns about the future of the real estate market and the lack of new home inventory has resulted in a decline in sales and traffic, according to Reichardt. Landlords hold the cards. The median existing housing price surged 14.8%