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Weekly Roundup – October 15

October 19, 2020

2 MINUTE READ

Happy Thursday, friends! This week’s roundup takes aim at rising house prices at home and abroad, the stability that has given to global markets, and how it all affects you.

CA Home Prices Forecast to Rise in 2021 📈

What’s this all about?

Sales of existing CA single-family homes are forecast to increase to 392k transactions next year, up 3.3% from this year’s projected total of 380k, while the median price of an existing house is forecast to hit $648,800, up 1.3% from 2020’s projected median of $640,300. 

 What it means

We just threw a lot of numbers at you, but the takeaway is that there’s money to be made out there. That news should further sweeten the deal for folks debating whether to sell. And though these numbers are still a bit off from last year’s projections, it’s encouraging news about the industry’s (if not the state’s) capacity to rebound from [gestures wildly] all this. Pat on the back, California!

As Goes CA, so Goes the World 🌎

What’s this all about? 

Dovetailing off the previous story, we’re seeing global housing prices demonstrate similar resilience to those in California. From the UK to China, what’s clear is the demand to move has proved immune to the pandemic’s widespread economic disruptions. Whether you live in Shanghai or Riverside, people are motivated by the same dynamics: safety, normalcy, ease, and opportunity. 

Tell me more 

Though this data is coming to us from outside the U.S., it reinforces the trends and market movements seen here. Which is to say, we’re not imagining things–real estate markets at home and abroad are charging ahead. Motivations and demand are outweighing the current situation, and though home prices continue to rise, what we all want the most is a fair deal. Maybe an in-ground pool wouldn’t hurt.

On the lighter side 

A touch of old California in a contemporary home
Take a gander at this graceful 1907 LA home’s melding of old and new. 

Revisit the retro aesthetics of these iconic websites
You won’t believe how much comic sans there used to be in the 90s

Cook these delicious dishes this October
Gentle reminder that yes, it is October. Here are some healthy, seasonal recipe ideas to spruce up your meals.

How to stage your home on a shoestring budget
Here’s how one pro home stager managed to showcase her space on a meager 40 bucks.

 

One more thing 

Enjoy the weekend, and see you Thursday!