Commentary The Orange County residential property market is the hottest on record, even surpassing the go-go days of 2006. The expected market time for a property is 26 days—the lowest level since tracking began in 2004, real estate broker Stephen Thomas reported in his most recent Orange County property report. In other words, in comparing…
Is Orange County’s Record-Setting Housing Market Here to Stay?
February 24, 2021
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Analysisbuyereconomic trendseconomyhousing marketmortgage ratesNY-CalOpinionOrange CountysellerSouthern CaliforniaSouthern Orange CountyUS
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US Home Prices Rose 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving to houses in the suburbs from crowded urban areas. The S&P CoreLogic Case-Shiller 20-city home price index, released on Feb. 23, climbed 10.1 percent in December from a year earlier. The year-end jump…
US Home Prices Rise 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1 percent in December from a year earlier. The year-end jump was the…
US Contract Signings to Buy Homes Hits Record for December
SILVER SPRING, Md.—The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors’ index of pending home sales dipped 0.3 percent to 125.5 in December, an all-time high, according to the Friday report. An index…
US Home Contract Signings Set Record High for December
SILVER SPRING, Md.—The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors’ index of pending home sales dipped 0.3 percent to 125.5 in December, an all-time high, according to the Jan. 29 report. An…
Irvine Affordable Housing Development to Offset Hot Housing Market
January 29, 2021
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Affordable HousingCaliforniaHome saleshousing marketirvinelow incomeNY-Calreal estateSouthern CaliforniaUS
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To meet a growing demand for housing in Orange County’s strong market, a new affordable housing development in Irvine is underway. The Irvine Community Land Trust has almost completed its Salerno Apartments, which is scheduled to open in March. Located on the corner of Nightmist and Sand Canyon Avenue, the development will provide 80 units of affordable housing units for renters making no more…
US Factory Activity Near 14-Year High; Home Sales Rise in December
January 24, 2021
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Businesseconomic recoveryEconomieseconomyHome saleshousing marketinflationmanufacturingsupply chainU.S. economyUS
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WASHINGTON—U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead. Other data on Friday showed an unexpected increase in sales of previously owned homes in…
US Factory Activity Near 14-Year High; Home Sales Rose in December
January 24, 2021
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Businesseconomic recoveryEconomieseconomyHome saleshousing marketinflationmanufacturingsupply chainU.S. economyUS
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WASHINGTON—U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead. Other data on Jan. 22 showed an unexpected increase in sales of previously owned homes…
US Construction Spending Increases Solid 0.9 Percent in November
WASHINGTON—Spending on U.S. construction projects increased 0.9 percent in November as strength in home building offset weakness in other parts of the construction industry. The November gain followed a bigger 1.6 percent rise in October and left construction spending up 4.4 percent through the first 11 months of 2020 compared to the same period in…
US Home Sales Fell More Than Expected in November
WASHINGTON—U.S. home sales fell more than expected in November after five straight months of gains amid a shortage of properties and more expensive houses, but the housing market remains underpinned by record-low mortgage rates. The National Association of Realtors said on Dec. 22 that existing home sales fell 2.5 percent to a seasonally adjusted annual…
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