Real Estate News Feed
Housing Inventory Continues To Swell
Mon, 02 Oct 2023 14:56:42 GMT
As of September 29th, the housing inventory was at 535 thousand up from 28 thousand last week and up 31.9% from the seasonal bottom 24 weeks ago.
Construction Spending Rose 0.5% in August
Mon, 02 Oct 2023 14:56:07 GMT
Construction spending during August 2023 was estimated at 0.5 percent above the revised July estimate of $1,973.7 billion.
U.S. Manufacturing Eases
Mon, 02 Oct 2023 14:54:26 GMT
Economic activity in the manufacturing sector contracted in September for the 11th consecutive month following a 28-month period of growth, according to the latest Manufacturing ISM report.
Spending Like There's No Tomorrow
Mon, 02 Oct 2023 14:53:34 GMT
Americans spent 5.8% more in August than a year earlier, well outstripping less than 4% inflation.
Cheapest Gas In OC Drops To $5.39/Gal
Mon, 02 Oct 2023 14:52:48 GMT
The cheapest gas in Orange County has dropped to $5.39/gal and can be found at Costco in Fountain Valley.
More Sellers Drop Their Asking Price
Fri, 29 Sep 2023 14:58:56 GMT
Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for their new home.