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Existing, single-family home sales totaled 414,860 in August on a seasonally adjusted annualized rate, down 3.3 percent from July and down 10.9 percent from August 2020. August’s statewide median home price was $827,940, up 2.1 percent from July and up 17.1 percent from August 2020. Year-to-date statewide home sales were up 21.3 percent in August. […]
Here are the numbers on how the real estate market is doing! Last week, we saw signs of continued improvement in the broader economy coupled with ongoing reasons to be optimistic about the housing market overall. In addition, there was better news on the structure and health of the underlying financial system with encouraging sighs […]
According to the National Association of Realtors©. Existing homes sales reached its highest level in 2020 since 2006. In 2020 the price of a house rose 9% and the median home price is $329,100 in March an historic high. Nearly 2 out of 3 homes sell above asking price in California. Home buyers are welling […]
Cash is king, money talks, you made a great cash offer and your offer was still rejected. WHY? The National Association of REALTORS® Economists’ Outlook reported the following: “buyers are turning to the power of cash, putting 20% or more in down payment, or simply not making an offer if there are already multiple offers […]
January 26, 2021 As part of last month’s COVID-19 stimulus package, $25 billion in federal assistance funds are expected to be disbursed to states today, Jan. 26. There could be a rush for funds with an estimated 14 million Americans are behind on their rent. Further, rental arrears in the country may be near $70 […]
Low interest rates and a lack of homes on the market created upward pressure on home prices. The median price of a Southern California home — or price at the mid-point of all sales — was $600,000 last month, up 12.1% year over year to a record high, CoreLogic/DQ News reported Wednesday, Sept. 23. Here’s […]
FHFA House Price Index Up 1.0 Percent in July; Up 6.5 Percent from Last Year FOR IMMEDIATE RELEASE 9/23/2020 Washington, D.C. – House prices rose nationwide in July, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). House prices rose 6.5 percent from July […]
California Local Market Report First Quarter 2020 – including the impact of COVID-19 on the local economy Anaheim-Santa Ana-Irvine Area Los Angeles-Long Beach-Glendale Area Riverside-San Bernardino-Ontario Area Sacramento-Roseville-Arden-Arcade Area San Diego-Carlsbad Area San Francisco-Oakland-Hayward Area San Jose-Sunnyvale-Santa Clara Area
Orange County Real Estate Market For May 2020 The Coronavirus pandemic has certainly left a mark on the planet. One positive outcome is the planet seems to be in a state of healing. Less travel has decreased air pollution levels and reduced the seismic vibrations on earth. May offered 2,940 new listings bringing the total […]
Median home value in San Clemente $1,035,947 The median home value in San Clemente is $1,035,947. San Clemente home values have gone up 3.7% over the past year and Zillow predicts they will fall -1.4% within the next year. The median list price per square foot in San Clemente is $461, which is higher than […]