While historically people have been willing to pay higher prices to live in California, recent migratory patterns showing net outflows suggest that some are choosing to move in search of more affordable options. From housing to fuel, commodities, and services, Californians fork over more than the majority of the country for routine expenses, and according…
California Cost of Living Analysis: Exodus Edition
April 27, 2023
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How People Are Pushed out of California by Cost of Living
April 27, 2023
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While historically people have been willing to pay higher prices to live in California, recent migratory patterns showing net outflows suggest that some are choosing to move in search of more affordable options. From housing to fuel, commodities, and services, Californians fork over more than the majority of the country for routine expenses, and according…
NTD Business (April 21): No 2008-Type Crash in Housing Market: Analyst; Stars Threaten Lawsuits Over AI Voices
April 21, 2023
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New layoffs are coming from accounting firm Deloitte and rideshare company Lyft. How many jobs are they cutting? Prices have cooled in the housing market and are expected to decline further this year. We speak with analysts to find out by how much. Twitter has dropped the “government-funded media” label for several news organizations. Which…
Average Home Price to End the Year 4.8% Lower Than 2022, Will Rise 4.7% in 2024: CREA
The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024. The association’s prediction revealed Friday amounts to an average price of $670,389 this year and $702,214 next year, when prices are…
Homeowners See Slower Equity Gains as Housing Market Cools
LOS ANGELES—Homeowner equity climbed to record highs in the first half of this year, though its rate of growth is slowing as the housing market cools. Average homeowner equity per borrower reached $298,380 in the second quarter, according to data from CoreLogic. That works out to $3.6 trillion in equity gained by U.S. homeowners with…
Average US Homes Selling Below Listed Price as Market Slowdown Continues
September 7, 2022
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The average American home is now selling below its asking price for the first time since March 2021, according to data from online brokerage Redfin. According to Redfin, the average sale-to-list price ratio fell to 99.8 percent in the four-week period ended Aug. 28—the first time it was below 100 percent in almost 18 months. The number of listings…
Real Estate Brokerage Royal LePage Cuts Home Price Forecast for 2022
Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year. The real estate brokerage says it now expects the aggregate price of a home in Canada in the fourth quarter of this year…
Canada’s Average Home Price Falls to $746,000, Decreasing 0.6 Percent in April
Canada’s home prices are sinking under the pressure of rising interest rates, with the national average price falling to $746,000 in April—a 0.6 percent decrease from the average price of $796,000 in March, according to data from the Canadian Real Estate Association (CREA). Excluding the two most active and expansive housing markets in Greater Vancouver…
Canada’s Average Home Price Falls to $746,000 in April as Sales Plunged
Canada’s home prices are sinking under the pressure of rising interest rates, with the national average price falling to $746,000 in April, according to data from the Canadian Real Estate Association (CREA). Excluding the two most active and expansive housing markets in Greater Vancouver and the Greater Toronto Area (GTA), the calculation would cut $138,000…
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