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Real Estate

Buying more affordable than renting in most of nation … barely

A recent report shows that buying may be cheaper than renting in many counties across the U.S. Locally, renting is still more affordable than buying.

ATTOM Data Solutions, a national property database curator, recently released a report detailing housing affordability in 447 counties across the country. It is more affordable to buy a home in fifty-four percent of those counties than to rent.

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Stockton-Lodi Ranks No. 4 on top market list for 2018

By NORA HESTON TARTE

Buying and selling homes in the Stockton-Lodi metro should get easier in 2018. During its annual housing forecast, realtor.com ranked the metro area No. 4 on its list of top housing markets based on both sales and price gains, signaling a positive trend for number of homes sold and home values.

Predictions include a 4.55 percent sales growth in 2018 and a 6.43 percent growth in price, according to realtor.com.

For the first time since 2015, realtor.com is also predicting a positive trend in housing inventory across the country, with easing of the housing shortage allowing for steadier price growth and more millennial mortgage share.

Kris Klair, a Central Valley Realtor and president of the Central Valley Association of Realtors agrees the 2018 housing market in Stockton-Lodi will be hot. His chief concerns about the market are exactly what area builders are addressing — a shortage of homes... Read More

Mortgage delinquency rates lowest in decade in Central Valley region

Mortgage delinquency rates are the lowest in more than 10 years across the nation and in the Central Valley, according to the Loan Performance Insights Report released by a real estate data firm.

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San Joaquin County tax collector calls for property taxes

Property taxes are due in San Joaquin County, and the treasurer-tax collector, Shabbir A. Khan wants property owners to be aware of the deadline.

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Proposed tax cut legislation opposed by Realtor group

The Central Valley Association of Realtors, along with the state and national associations, have come out against the Congressional Tax Cuts and Jobs Act proposed recently.

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New homes sales down nationwide

Across the U.S. it was reported that sales of new single-family homes were down by 3.4 percent.

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Is the commercial real estate market cooling down in the Central Valley?

By KENT HOHLFELD
Business Journal Writer
khohlfeld@cvbizjournal.com

A new report by the University of California Los Angeles Anderson School of Management indicates that investors are cooling on the sunshine state’s commercial real estate market.

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