300,000 Homes Needed
Thu, 08 Jun 2023 14:42:25 GMT
The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors and Realtor.com.
All-Cash Home Purchases Hit Highest Level Since 2014
Thu, 08 Jun 2023 14:41:50 GMT
One-third—an estimated 33.4% of U.S. home purchases were made in cash in April, up from 30.7% a year earlier and the highest share in nine years, according to a new report from Redfin.
Good Time to Sell, Bad Time to Buy
Thu, 08 Jun 2023 14:41:19 GMT
According to a survey by Consumer Reports, 65% of respondents say it is a good time to sell a home while only 19% of respondents say its a good time to buy a home.
Jobless Claims Highest Since Oct 2021
Thu, 08 Jun 2023 14:40:21 GMT
In the week ending June 3, initial claims for unemployment rose 10 percent from the previous week's revised level, the highest level since October 30, 2021.
The Cheapest Gas In OC Remains at $4.25/Gal
Thu, 08 Jun 2023 14:39:15 GMT
The cheapest gas in Orange is remains at $4.25/gallon and can be found at Berri Brothers in La Habra. Sam's Club in La Habra offers gas for $4.27 and Moshen #3 in Westminster offers gas for $4.28/gallon.
Home Price Growth Slowing
Wed, 07 Jun 2023 15:03:19 GMT
Although single-family home price growth rose in April, it's the sixth straight month of single-digit gains, according to the Home Price Index (HPI) from CoreLogic.