Real Estate News Feed
Luxury Home Prices Outpace Others
Fri, 19 Apr 2024 14:58:16 GMT
Luxury home prices have risen twice as fast as non-luxury prices. Sales of luxury homes rose 2%, compared to a 4% decline in sales for non-luxury homes.
The Cheapest Gas In OC Down To $4.69/Gal
Fri, 19 Apr 2024 14:57:23 GMT
The cheapest gas in Orange County has eased back to $4.69 per gallon and can be found at Costco, FUEL UP! and Sinclair, all in Fullerton.
Mortgage Rates Now Above 7%
Thu, 18 Apr 2024 18:51:23 GMT
Freddie Mac reports 30-year FRM averaged 7.10 percent as of April 18, 2024, up from last week when it averaged 6.88 percent. A year ago at this time, the 30-year FRM averaged 6.39 percent.
Existing-Home Sales Slip
Thu, 18 Apr 2024 14:45:04 GMT
Existing-home sales slipped in 4.3% March, according to NAR. Though rebounding from cyclical lows, home sales are stuck because interest rates, according to NAR Chief Economist Lawrence Yun.
Jobless Claims Ease
Thu, 18 Apr 2024 14:44:18 GMT
In the week ending April 13, the initial claims for unemployment was was 212,000, essentially unchanged from last week's level.
Fed To Cut Rates in September
Thu, 18 Apr 2024 14:42:55 GMT
The U.S. Federal Reserve will wait until September to cut its key interest rate, according to a majority of 100 economists polled by Reuters, with half saying there will be only two cuts this year and only about a third forecasting more.