Year-to-date statewide home sales were down 18.5 percent in October Based on new data from the California Association of Realtors, the State of California’s housing market continued shifting in October 2022 as the monthly average 30-year fixed rate mortgage hovered near 7 percent and led to the lowest sales level since February 2008 and the…
Seventh Consecutive Monthly market decline since last May According to Las Vegas Realtors, the recent slowdown in the local housing market continued, with declining home prices and sales. LVR reported that the median price of existing single-family homes sold in Southern Nevada during November 2022 was $430,990. That’s down 2% from October, and down from…
Yet South Korea, Hong Kong, Peru, China, New Zealand and Morocco experienced price declines in Q3 According to international property consultant Knight Frank, house prices across 56 countries and territories are still rising at a rate of 8.8% per annum, down from 10.9% at their peak in Q1 2022. However, in real terms, when accounting…
Slowdowns Specifically Strong in Post-Covid Hot Markets According to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2022, the big jump in single-family home building activity that occurred in the aftermath of the COVID-19 pandemic in large metro outlying counties and exurban…
According to ATTOM’s newly released November 2022 U.S. Foreclosure Market Report, there were a total of 30,677 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 57 percent from a year ago, but down 5 percent from the prior month. Rick Sharga “We may be at or near a…