Category: mortgage rates

Is Orange County’s Record-Setting Housing Market Here to Stay?

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…


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…