Updated: Jul 19, 2022
The real estate market continues to change. The market has gone from a rolling boil too hot. There has been a slight cooling, but by no means colds. According to the California Association of Realtors, at the peak of the frenzy in April, 74.3% of homes listed received multiple offers. In August the number of listings getting multiple offers decreased to 58.8% (still a large number) but the trend is evidence of a market cooling.
While real estate prices are not expected to continue with their current year-over-year gains of 17%, the predictions are still for strong growth over the next few years. A recent Zillow survey of 100+ real estate experts and economists estimated that home prices will appreciate 31% through 2025.
And, according to the CoreLogic Single-Family Rent Index, U.S. single-family rent growth increased 8.5% in July 2021--the fastest year-over-year increase in 16.5 years. Increasing rent and home price appreciation are the fundamentals on which Ruthian was founded.
To learn more about Ruthian or to sign up for one of our upcoming presentations, contact us at invest@ruthianllc.com.