Real Estate News Feed
Weekly Mortgage Applications Increase
Wed, 05 Mar 2025 16:05:02 GMT
Mortgage applications increased 20.4 percent from one week earlier, according to a report from the Mortgage Bankers Association.
Services Sector Groth Unexpectedly Picked Up
Wed, 05 Mar 2025 16:04:07 GMT
The Institute for Supply Management reports the PMI climbed to 53.5 in Februry. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy.
Private Employment Increased 77,000 in February
Wed, 05 Mar 2025 16:01:43 GMT
The labor market continues to soften with only 77,000 added in February, well below the consensus forecast of 140,000.
New Home Sales Grew In 2024
Tue, 04 Mar 2025 15:45:02 GMT
A lack of existing home inventory helped propel single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders.
Cheapest Gas In OC Drops To $3.92
Tue, 04 Mar 2025 15:44:19 GMT
The cheapest gas in Orange County has dropped to $3.92 per gallon and can be found at Sam's Club in La Habra. Sam's Club in Fullerton offers gas for $3.95 per gallon and Costco in La Habra offers gas for $3.96 per gallon.
Little Change In Listings
Mon, 03 Mar 2025 16:26:32 GMT
As of February 28th, the inventory of homes available for sale nationwide was 639 thousand, compared to 640 thousand the prior week.