Real Estate News Feed
New Listings Pause
Mon, 08 Apr 2024 15:00:41 GMT
As of April 5th, inventory of homes available for sale nationwide was 513 thousand compared to 517 thousand last week.
U.S. Employment Rose In March
Mon, 08 Apr 2024 15:00:04 GMT
Total nonfarm payroll employment rose by 303,000 in March, and the unemployment rate changed little at 3.8 percent, according to the U.S. Bureau of Labor Statistics.
Why Are Home Prices So High?
Mon, 08 Apr 2024 14:59:22 GMT
Quite simply because of supply vs. demand. Homeowners with low mortgage rates are relunctant to sell while real estate investors and snagging fixer-uppers, thus creating a shortage of supply.
Mortgage Rates Show Little Movement
Mon, 08 Apr 2024 14:58:31 GMT
Freddie Mac reports 30-year FRM averaged 6.82 percent as of April 4, 2024, up from last week when it averaged 6.79 percent. A year ago at this time, the 30-year FRM averaged 6.28 percent.
The Cheapest Gas In OC Now $4.53/Gal
Mon, 08 Apr 2024 14:57:53 GMT
The cheapest gas in Orange County has risen to $4.53 per gallon and can be found at 76 & ARCO in Stanton. G&M in Stanton offers gas for $4.59 per gallon.
February PCE Report
Fri, 29 Mar 2024 14:57:20 GMT
U.S. prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table.