Real Estate News Feed
OC Gas Prices Ease
Mon, 03 Mar 2025 16:24:43 GMT
The cheapest gas price in Orange County has come down to $3.95 per gallon and can be found at Sam's Club in La Habra and Sinclair in Fullerton. Berri Brothers in Anaheim offers gas for $3.97 per gallon.
Personal Incomes Growing
Fri, 28 Feb 2025 16:14:26 GMT
Personal income increased $221.9 billion (0.9 percent at a monthly rate) in January, according to estimates released today by the U.S. Bureau of Economic Analysis.
Housing PCE Up In January
Fri, 28 Feb 2025 16:13:49 GMT
CPI Shelter was up 4.4% year-over-year in January, down from 4.6% in December, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 4.5% YoY in January, down from 4.7% in December and down from the cycle peak of 8.3% in April 2023.
1 in 7 Pending Home Sales Are Getting Canceled
Fri, 28 Feb 2025 16:13:05 GMT
More home purchases are being canceled, especially in the southeastern part of the country. Los Angeles is among the metro areas with the biggest increase in cancelled sales.
Mortgage Rates Continue to Drop
Thu, 27 Feb 2025 16:11:43 GMT
The 30-year FRM averaged 6.76% as of February 27, 2025, down from last week when it averaged 6.85%. A year ago at this time, the 30-year FRM averaged 6.94%.
Time For Home Buyers To Get Serious
Thu, 27 Feb 2025 16:10:50 GMT
Home prices experienced the smallest increase since September. And mortgage rates have declined to their lowest level in more than two months.