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Home asking prices tumble at record pace as mortgage rates surge: data

Home asking prices tumble at record pace as mortgage rates surge: data By  Thomas Barrabi October 17, 2022 9:25am   Updated Home asking prices tumble at record pace as mortgage rates surge: data   0 seconds of 35 secondsVolume 0%     Home sellers are slashing their asking prices at a record clip as surging mortgage rates ...

What a housing market correction could mean

https://thehill.com/policy/finance/3735362-what-a-housing-market-correction-could-mean/ The U.S. housing market could be heading toward a correction after more than two years of massive price growth that has more recently been offset by the Federal Reserve’s attempt to curb inflation by raising interest rates.The central bank’s effort has led to a sharp rise in mortgage rates, a ...

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A Housing Market Hangover

At the beginning of the pandemic, office workers were liberated from their commutes but found themselves stuck at home and hungering for space. Many Americans went on a home buying frenzy, fueled by cheap debt and an insatiable urge to move. The result was a run up on home prices at a pace never seen before in U.S. history. Then the party ended with a thud last spring when mortgage...

California housing market: Everything you need to know

California housing market: Everything you need to know HOUSING MARKET Advertiser Disclosure SHARE: Share this article on Facebook Share this article on Twitter Share this article on LinkedIn Share this article via email ON THIS PAGE California housing market Trends and stats Should you buy or sell? Local housing market predictions Find an agent FAQ ...

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Absorption Rate Analysis: January 2023 – Is the Los Angeles Housing Market Making Big Shifts or Treading Water?

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...

American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market

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...

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With Million Dollar Homes as the Standard in LA, Angelenos Want Solutions

 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...

In August, Chatsworth

In August, Chatsworth saw a bustling real estate market with 17 homes sold at an average price of $972,000, and they spent just 17 days on the market. 🏡💰 #ChatsworthRealEstate #HousingMarketTrends

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Rent Control: Los Angeles Emergency Guideline Clarifications Leave Landlords Livid

Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi Topchian, a member of the Rent S...

Californians Can Buy and Sell ADU Homes Like Condos Thanks to AB 1033

It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...