Real Estate News Feed
Cheapest Gas In OC Up 1 Cent
Fri, 18 Apr 2025 15:30:02 GMT
The cheapest gas in Orange County rose one penney to $3.98 per gallon and can be found at Costco and Sam's Club, both in Fullerton. FUEL UP! and SMP, also in Fullerton, and 76 in Orange offer gas for $3.99 per gallon.
Mortgage Rates Remain Under 7%
Thu, 17 Apr 2025 16:17:28 GMT
The 30-year FRM averaged 6.83% as of April 17, 2025, up from last week when it averaged 6.62%. A year ago at this time, the 30-year FRM averaged 7.1%.
Home-Price Growth Losing Steam
Thu, 17 Apr 2025 14:51:43 GMT
Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13. That's roughly the same as the increases we've seen over the past month, but down from 5% to 6% growth at the end of 2024 and the start of 2025.
Housing Starts Decline Amid Economic Uncertainty
Thu, 17 Apr 2025 14:51:01 GMT
Constrained housing affordability conditions due to elevated interest rates, rising construction costs and labor shortages led to a reduction in housing production in March.
Jobless Claims Fall
Thu, 17 Apr 2025 14:50:17 GMT
Applications for US unemployment benefits fell to the lowest level in two months. Initial claims decreased by 9,000 to 215,000 in the week ended April 12, according to Labor Department.
Mortgage Applications Decrease
Wed, 16 Apr 2025 15:15:27 GMT
After increasing 20% last week, earlier, mortgage applications fell 8.5 percent this week.