Most U.S. Homes Are Still Worth Less Than Before the Crash

You can’t blame a homeowner in Fresno for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno’s housing market is stuck in a rut. Less than 3 percent of homes in the city and its environs have returned to their pre-recession peak, according to a new study from Trulia.

May 8, 2017 Patrick Clark

Lawmakers Must Focus on Alleviating California’s Housing Crisis

What a difference a decade makes. Ten years ago, the regional homebuilding industry — like many other industries — faced an uncertain future. The Great Recession dealt a harsh financial blow to our industry that made the prospect of recovery feel like a far-off possibility. Fortunately, after several lean years our industry has started to climb out of the economic doldrums of a few years ago.

Apr 20, 2017 Michael Strech

Surreal Estate

Virtual Reality Tours Give Real Estate Builders And Buyers Room to Play

If you’re going to live in a 3D environment, you need to see a 3D environment.”

These are the words of Stephen Phillips, co-founder and chief technology officer at Theia Interactive, a design firm based in Chico. His company creates VR tours for people looking to build or buy homes, cars and yachts. It was one of the four startups to come out of the Green Screen Institute’s first accelerator program.

Mar 21, 2017 Russell Nichols

Elk Grove Ranked a Top Spot for Young Homebuyers

Young people are flocking to the Sacramento region’s suburban areas. A recent SmartAsset report — that defines millennial homebuyers as under age 35 — found that Elk Grove sits at the No. 2 spot in the U.S. for millennial home buying. In Elk Grove, “the homeownership rate for millennials was 60 percent in 2015,” according to the report.

Mar 15, 2017 Lillie Apostolos