Americans Are Moving Less

Americans Are Moving Less

A mere 9.8% of Americans changed residence this year, the lowest total since the Census Bureau started keeping track of annual migration statistics seven decades ago.  Why? Young people aren't moving as often as in the past. Before the Great Recession, in 2006, 29% of...

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Supply of Existing Homes Remains Low

Supply of Existing Homes Remains Low

The national inventory of single family homes for sale was 1.61 million units in September, the equivalent of 4.0 months of supply at the current sales rate.  Here locally in Napa our supply as of September stood at 3.8 months.  Our peak in 2019 happened in March when...

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Federal Reserve Bank Real Estate Update

Federal Reserve Bank Real Estate Update

Housing activity indicators displayed further gradual improvement in August.  Single-family housing starts and permits have rebounded over the past three months.  New and existing home sales rose in August.  A still-strong labor market and low mortgage rates could...

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Jeff Sickler, Napa Realtor

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