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Home prices have rebounded due to unexpectedly strong home sales at the beginning of the year, which ended a months-long decline. The swing in the market can be attributed to mortgage rate
Home prices reversed a months-long trend and increased in February on strong consumer demand that was buoyed by limited supply and lower mortgage rates.
The number of homes for sale in Southern California has fallen to start the year, a reversal of normal trends as high mortgage rates keep sellers on the sidelines.
“Once you lick the frosting off of a cupcake, it becomes a muffin. And muffins are healthy. You’re welcome.” Adding another expense to a transaction is certainly not welcome, yet that’s exactly what was voted into effect by residents of Los Angeles County in November. When you sell a house, paying a 5-6 percent commission to the real estate agent is typical. In LA there’s another 5 percent tax on top of that for high-priced houses to help fund affordable housing. Apparently home sellers in Los Angeles are slashing prices and sweetening deals before a new ...
A bizarre geographic split has emerged in the embattled US housing market – with home prices plunging across markets in the western half of the country even as they rise in the eastern half.