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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 ...
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 ...
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...
Trendy Tips to Enhance a Small Porch Home Design & Decor, Misc., Tips June 13, 2023June 13, 2023 Arianne Ortiz Who doesn’t love the idea of a front porch? Picture a cool lemonade in the shade on a hot summer’s day while watching the world go by. Or imagine sitting outside at night with the string lights lit, winding down after a lo...
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 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
The real estate industry in Palm Springs is broken. At least that’s the fervent belief of Harout Keuroghlian, CEO, founder, and principal broker of JohnHart Real Estate who are currently in the process of opening their Palm Springs branch on Palm Canyon Drive. The company’s agents have been helping clients buy and sell homes all across the Coachella Valley for years, but the opening...
KEY POINTS Existing home sales dropped to the slowest pace since October 2010. There were 1.13 million homes for sale at the end of September, down more than 8% from a year ago. Adding to higher mortgage rates, the median price of a home sold in September was $394,300, up 2.8% year over year. WATCH NOW VIDEO01:18 September home sales drop to the lowest level since the G...
Deep-pocketed home buyers who are paying cash to avoid rising mortgage rates are propping up the housing market, as high rates keep many borrowers on the sidelines. Prices, sales and inventory of luxury homes—defined as the top 5% of the market—are all outpacing the overall housing market, a shift from late 2021 when wealthy buyers began tapping the brakes, according t...