Real Estate News Feed
California Homeownership Slips
Fri, 25 Apr 2025 14:38:29 GMT
Less than one-fifth (18 percent) of all Californians earned enough income to support the purchase of an $865,440 statewide median-priced detached home in 2024, down from 19 percent in 2023.
Home Price Growth Slowing
Fri, 25 Apr 2025 14:37:55 GMT
Nationwide, home prices are up 2.1% year over year, the slowest growth rate in nearly two years.
Consumer Sentiment Fades
Fri, 25 Apr 2025 14:37:21 GMT
Consumer sentiment declined 8.4% to 52.2 in April, according to final results from the University of Michigan Survey of Consumers.
Gas Prices Dip
Fri, 25 Apr 2025 14:36:39 GMT
The cheapest gas in Orange County has dipped down to $3.97 per gallon and can be found as Sinclair in Fullerton.
Mortgage Rates Inch Down
Thu, 24 Apr 2025 16:21:12 GMT
Freddie Mac reports the 30-year fixed averaged 6.81% as of April 24, down from last week when it averaged 6.83%. A year ago at this time, the 30-year fixed averaged 7.17%.
Existing-Home Sales Plummet
Thu, 24 Apr 2025 15:40:47 GMT
Existing-home sales descended in March, according to the National Association of REALTORS. Sales slid in all four major U.S. regions.