Real Estate News Feed
30-Year Fixed Breaks Below 6.5%
Tue, 25 Feb 2025 15:46:29 GMT
Now could be a good time to buy a house. According to Zillow, the average 30-year fixed rate has dropped by six basis points to 6.44%
Home Prices Up 3.9% In December
Tue, 25 Feb 2025 15:45:51 GMT
The Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.9% annual return for December, up from a 3.7% annual gain in the previous month. The December reading is a 3-month average of October through December.
Construction Starts Slid 6% in January
Tue, 25 Feb 2025 15:45:12 GMT
Total construction starts fell 6% in January to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network.
Economy Dependent On The Rich
Tue, 25 Feb 2025 15:44:18 GMT
The top 10% of earners account for 49.7% of all spending in America.
Slight Increase In Listings
Mon, 24 Feb 2025 15:13:01 GMT
As of February 21st, the inventory of homes available for sale nationwide was 640 thousand, compared to 638 thousand the prior week.
Gas Prices Drop
Mon, 24 Feb 2025 15:12:22 GMT
The cheapest gas in Orange County has dropped to $3.99 per gallon and can be found at G&M in Anaheim and United Oil in Santa Ana. Sinclair in Fullerton offers gas for $4.07 per gallon.