Southern California builders’ fixation on serving the luxury market — heavy with Chinese buyers — is now a drag on the industry. The year for local homebuilders started in the shadow of 2018 when construction slowed and unsold inventory grew to a near-seven-year high. Industry woes can’t be tied to common complaints such as regulatory […]
July 30 CVAR At A Glance
Featured Classes and Events Aug. 1 | New MLS-Touch Features – YPN Forum – Live Stream Aug. 1 | Interview with A Superstar – CVAR HQ Aug. 2 | Citrus Valley Caravan – CVAR HQ Aug. 2 | CVAR Commercial Forum – CVAR HQ Sept. 20 | Save The Date: End of […]
6 Reasons You Won’t Make It in the Luxury Market
There’s a reason the luxury real estate market is considered a niche. There are more than 7 billion people on the planet, but only 34 million have a net worth over $1 million, according to Fortune magazine. This is a small group of highly competitive and demanding individuals who require an elevated level of customer […]
Foreign Buyers Eye US Real Estate
Residents from other countries are increasingly eyeing U.S. real estate as a good investment, and they’re making up a significant portion of buyers in some markets. But who is coming is changing. Chinese buyers have been the biggest portion, spending the most of any foreign group on U.S. real estate. They spent $31.7 billion on […]