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Home sales fell nearly 6% in July as housing market slides into a recession PUBLISHED THU, AUG 18 202210:00 AM EDTUPDATED 2 HOURS AGO Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KEY POINTS Sales of previously owned homes fell nearly 6% in July compared with Jun...
REAL ESTATE Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index PUBLISHED TUE, SEP 27 20229:00 AM EDTUPDATED 59 MIN AGO Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KEY POINTS The 10-City composite rose 14.9% year over ...
Absorption Rate Analysis: September 2022 (Mostly) Leans Harder Into a Seller’s Market RE News October 4, 2022October 4, 2022 Seth Styles Has it already been a month since our last absorption rate roundup? September’s numbers are in and we’re seeing most neighborhoods trending upward with higher absorption rates than August. If we’re using ...
What If Your Home Market Value is Different Than Your Assessed Home Value? Industry, Tips October 6, 2022October 7, 2022 Seth Styles Some people have no clue about their home’s value. Others methodically scrutinize and analyze, but still end up with doubts. And still there are those who fully trust one figure, say a property assessment, only to list th...
At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
Surging mortgage rates pushed home buyers out of the market and sent volume for new applications plummeting to a 28-year-low in the week ending Feb. 24, the Mortgage Bankers Association (MBA) reported Wednesday. Mortgage rates climbed to 6.71%, up 0.5 percentage points in just one month, prompting a 6% decline in applications week-over-week and a 74% decline compared to the year prior, the M...
Current Real Estate, Industry, Local News, RE News August 16, 2023August 17, 2023 Seth Styles At the turn of the millennium, a gameshow started to dominate pop culture in the U.S. due to its lofty promises of wild riches. Today, Who Wants to Be a Millionaire could easily be retitled Who Wants to Own a Home in Los Angeles. Sure, it&rsquo...
