Real Estate News Feed
Listings Anemic
Mon, 02 Dec 2024 16:11:05 GMT
As of Nov 29th, the inventory of homes available for sale nationwide was 707 thousand, compared to 719 thousand the prior week.
Homebuyers Find the Current Market Difficult
Mon, 02 Dec 2024 16:10:26 GMT
"It is an odd and confusing season for homebuyers," reports the Wall Street Journal. Mortgage rates are causing whiplash, falling to a two-year low in the late summer and then rebounding, making it more expensive to buy a home.
Construction Spending Beats Expectations
Mon, 02 Dec 2024 16:09:49 GMT
The Commerce Department reports construction spending rose 0.4% after an unrevised 0.1% gain in September. Economists polled by Reuters had forecast construction spending climbing 0.2%.
Manufacturing PMI Improves
Mon, 02 Dec 2024 16:09:16 GMT
Manufacturing activity improved in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs.
The Cheapest Gas In OC Drops To $3.54
Mon, 02 Dec 2024 16:08:27 GMT
Sam's Club in Fountain Valley offers gas for $3.54 per gallon and Sam's Club in Fullerton offers gas for $3.56 per gallon. Costco in Huntington Beach offers gas for $3.57 per gallon.
Mortgage Rates Inch Down
Fri, 29 Nov 2024 17:11:28 GMT
Freddie Mac reports 30-year FRM averaged 6.81 percent as of November 27, 2024, down from last week when it averaged 6.84 percent. A year ago at this time, the 30-year FRM averaged 7.22 percent.