I never excelled at math. Numbers often challenged me. Yet, I passionately track the Foothill Real Estate Sales History. I dive into recent home sales. I study price trends closely. Each transaction sparks my curiosity. I have been compiling real estate statistics for real estate in La Canada, Glendale, La Crescenta and Pasadena for the past ten years. Below is the Foothill real estate sales history for single-family homes for the past decade as of March.
Frank Martell, CoreLogic’s President and CEO, predicted a slowdown in home price growth. Rising borrowing costs sparked this shift. Higher ownership expenses also played a role. Buyers actively pulled back from the market. This retreat curbed demand. Slower price growth became unavoidable. Martell shared this outlook for 2019. He foresaw strong employment growth continuing. Rising incomes would bolster buyers’ purchasing power. These factors could reignite home price appreciation. A reacceleration might occur later in 2019. Economic trends support this view. Low unemployment fuels job creation. Workers earn higher wages. Confidence in financial stability grows. Buyers may re-enter the market. Demand could surge once again. Home prices might climb faster. Martell’s insight highlights market cycles. Affordability challenges shape buyer behavior. Yet, economic strengths drive recovery. The housing market adapts dynamically.
