Los Angeles Area Real Estate News & Insights
Offerbanc posts Los Angeles area real estate news and trends on a weekly basis.
NEWS PROVIDED BY Dana Anderson This article originally appeared : https://www.redfin.com/news/housing-markets-cooling-fastest-february-2023/ March 27, 2023 Seattle, San Jose, Austin and Phoenix are among the metros with the fastest-slowing housing markets as high mortgage rates, tech turmoil and the lack of homes for sale deter buyers. Connecticut, upstate New York and parts of the Midwest are holding…
Read MoreNEWS PROVIDED BY Jake Arky March 27, 2023 This article originally appeared on GOBankingRates.com: 8 Places in California Where Home Prices Have Plummeted California is one of the states in the U.S. where dreams really do come true. From the majestic sceneries up and down the coastline to the variety of fresh foods and the industries of Silicon…
Read MoreOriginally Published By Gord Collins March 21, 2023 See the full story at: https://managecasa.com/articles/california-housing-market-report/ Housing Market California Is the residential real estate market in California showing a rebound this year? Sales are up strongly month to month, although far from levels 12 months ago. The latest housing stats from CAR shows single family house prices dropped…
Read MoreNEWS PROVIDED BYCALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) Mar 16, 2023, 11:54 ET LOS ANGELES, March 16, 2023 /PRNewswire/ — The lowest mortgage rates in five months helped boost California home sales to reach above the 250,000-unit annualized sales pace for the first time in four months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes…
Read MoreNEWS PROVIDED BYCALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) Mar 23, 2023, 17:02 ET LOS ANGELES, March 23, 2023 /PRNewswire/ — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to Gov. Gavin Newsom’s State of the State letter to the Legislature: “In the governor’s letter yesterday to the Legislature on the State of the State, it’s disappointing that there…
Read MoreNEWS PROVIDED BY Realtor.com Mar 02, 2023, 06:00 ET In February, active inventory rose 68% above a year ago; Austin, Las Vegas and San Antonio are first markets to recover pandemic inventory shortages and surpass pre-pandemic levels SANTA CLARA, Calif., March 2, 2023 /PRNewswire/ — The U.S. supply of homes for sale rose at a record annual pace for the sixth month…
Read MoreNEWS PROVIDED BYZillow Mar 02, 2023, 08:00 ET Economists surveyed by Zillow predict home-price slide will end this year SEATTLE, March 2, 2023 /PRNewswire/ — Home prices nationally should bottom out in 2023 then return to a more normal growth rate, according to a Zillow® survey of housing experts. Economists and housing experts polled in the latest…
Read MoreNEWS PROVIDED BYHarbert South Bay Partners, LLC Mar 07, 2023, 09:24 ET 350-unit, eight-story building will offer luxury residential option for seniors. IRVINE, Calif., March 7, 2023 /PRNewswire/ — Harbert South Bay Partners announces that construction is now scheduled on THE JAMES senior living community located at 16542 Millikan Ave., Irvine, CA, 92606. Described as a game changer for area…
Read MoreNEWS PROVIDED BY Rate Simple Mar 09, 2023, 08:51 ET LOS ANGELES, March 9, 2023 /PRNewswire/ — Because the vacation rental space has become more crowded in recent years, success hinges more than ever on selecting the right property. Location, amenities, local supply, and other factors determine how many renters you will attract and how much they’ll…
Read MoreNEWS PROVIDED BY ATTOM Mar 09, 2023, 00:01 ET Chicago and New York City Areas Remain More At Risk Based on Key Market Measures from Fourth Quarter of 2022;East Coast and Swaths of Interior California Also More Vulnerable to Downturns;South Region and Sections of Midwest are Less Vulnerable IRVINE, Calif., March 9, 2023 /PRNewswire/ — ATTOM, a leading curator…
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