Skip to content
MCC-property

MCC-property

Epicurean real estate

Primary Menu
  • Real Estate News
  • House for Rent
  • Construction
  • Furniture
  • Apartment
  • Building
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Real estate experts predict high price rentals, home prices to continue
  • Real Estate News

Real estate experts predict high price rentals, home prices to continue

By Rickey Andreu 1 year ago

[ad_1]

(CNN) – New data found in the national home price index this week shows U.S. home prices jumped nearly 20% year-over-year in February. Real estate experts report prices for both houses and rentals are not going to crash anytime soon.

So, what can be done to bring down these sky-high prices? And help those who are struggling?

California resident Erin McCarroll and mother of three, said she recently was served an eviction notice.

“This is so humiliating,” she said.

McCarroll also said she is currently battling breast cancer.

“It’s like, helpless and drowning,” she said.

McCarroll lives just south of Los Angeles in Orange County – one of the hottest, most expensive real estate markets in the country. She said her rent for her one-bedroom apartment has gone up from $2,600 a month to $2,800.

She said that raise is too much to afford, especially with her medical bills.

“Rents, unfortunately, will continue to rise,” said Richard Green, director at the University of Southern California Center for Real Estate.

Green studies housing markets around the world and said he doesn’t see a crash that could spell relief.

“I don’t see where a crash comes from. I mean, could you see a small decline, sure,” Green said.

Real estate broker Juan Huizar said the crisis of sky-high prices is profoundly personal.

Huizar remembers coming to California from Mexico 38 years ago, cramming into a single home with multiple families.

“There’s simply not enough inventory. So, if one house hits the market, there are 30 qualified buyers to buy it,” he said.

Green said there aren’t enough rentals, either. More empty units push prices down.

“We have one of the biggest cities in the world, and in the vast majority of it, you can only build single-family houses. That is the number one problem,” Green said.

Huizar said there’s pressure to create more housing, and through that pressure, community leaders are creating policies for more housing projects.

McCarroll said that a religious charity has helped her pay some of her back rent, but she still needs more assistance.

“I don’t have a place to go; I don’t,” she said.

Copyright 2022 CNN Newsource. All rights reserved.

[ad_2]

Source link

Tags: In Real Estate, In Real Estate A Sales Associate Is Always, In Real Estate License Lookup, In Real Estate What Does Contingent Mean, In Real Estate What Does Pending Mean, In Real Estate What Does Under Contract Mean, In Real Estate What Is A Short Sale, In Real Estate What Is An Adu, M Real Estate Group, M Real Estate Group Albuquerque, M Real Estate Hudson, M Real Estate Logo, M Real Estate Ltd, M Real Estate Plan De La Tour, M Real Estate Pointe Claire, M Real Estate Reviews, O Real Estate Etf, O Real Estate Logo, O Real Estate Meaning, O'Brien Real Estate, O'Connor Real Estate, O'Dwyer Real Estate Management, O'Neal Real Estate, O'Neil Real Estate, P Real Estate Agents, P Real Estate Logo, Real Estate Arlington Tn, Real Estate Naics Code, Real Estate Nashville Tn, Real Estate Near Me, Real Estate News, Real Estate News Today, Real Estate Nft, Real Estate Offer Letter, Real Estate Office, Real Estate Office Jobs, Real Estate Offices Near Me, Real Estate Olive Branch Ms, Real Estate Online Classes, Real Estate Outlook 2022, Real Estate Oxford Ms, Real Estate Panola County Ms, Real Estate Photography, Real Estate Photography Jobs, Real Estate Practice Exam, Real Estate Prices, Real Estate Prices Nashville, Real Estate Professional, Real Estate Puerto Rico

Continue Reading

Previous Heitman buys Hong Kong logistics asset for cold storage facility conversion
Next Accountant Makes 192% Return on Investment in Single Family Real Estate
October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    

Archives

Recent Posts

  • The Fascination of the Construction and Building
  • Dark Wood Convex Dining Range For Your Home
  • 4 Important Furniture Items For Your Office or Home
  • Home Office Furniture Collections Can Update Your Office
  • Alternatives to Vacation Homes

BL

Tags

C&M Real Estate C&R Real Estate Services C.F. Real Estate C J Real Estate D&B Real Estate D'Arcy Real Estate D'Ettorre Real Estate D Real Estate Appraiser D Real Estate Daily D Real Estate Logo E Real Estate Agency E Real Estate Agents Act 2008 E Real Estate Corp E Real Estate Depot E Real Estate Depot Mission Tx E Real Estate Llc E Real Estate Logo E Real Estate Meaning F&C Real Estate Investments F&G Real Estate F Real Estate Developer F Real Estate Logo F Real Estate Management F Real Estate Words H&F Real Estate M&D Real Estate Real Estate Data Real Estate Definition Real Estate Degree Real Estate Desoto County Ms Real Estate Developer Real Estate Development Consultant Real Estate Dyer County Tn Real Estate Dyersburg Tn Real Estate Etf Real Estate Exam Prep Real Estate Exam Questions Real Estate Express Login Real Estate Express Reviews Real Estate Fayette County Tn Real Estate Florida Real Estate For Dummies Real Estate For Sale Real Estate For Sale Memphis Tn Real Estate For Sale Near Me
mendocinocoastproperty.com | Magazine 7 by AF themes.

WhatsApp us