by Dustin Balloun | Dec 23, 2024 | Industry News, Market Reports
Federal Reserve Cuts Interest Rates, Signals Slower Easing Ahead Amid Inflation Concerns On December 18, 2024, the Federal Reserve reduced its key interest rate by 0.25 percentage points, setting it at a range of 4.25% to 4.5%, the lowest since February 2023. This...
by Dustin Balloun | Dec 23, 2024 | Market Reports
California’s housing market recorded its largest annual increase in existing home sales since June 2021 this November Source: Times of San DiegoCalifornia’s housing market recorded its largest annual increase in existing home sales since June 2021 this November,...
by Dustin Balloun | Aug 26, 2024 | Industry News, Market Reports
California home sales reach five-month high as mortgage rates hit lows, C.A.R. reports Existing, single-family home sales totaled 279,810 in July on a seasonally adjusted annualized rate, up 3.6 percent from 270,200 in June and up 4.1 percent from 268,840 in July...
by Dustin Balloun | Aug 19, 2024 | Market Reports
Higher home prices and elevated mortgage rates push California housing affordability to near-17-year low in second-quarter 2024, C.A.R. reports Fourteen percent of California households could afford to purchase the $906,600 median-priced home in the second quarter of...
by Dustin Balloun | Feb 6, 2024 | Market Reports
Federal Reserve Holds Steady on Interest Rates, Bond and Mortgage Rates Rise on Strong Jobs Report The Federal Reserve left interest rates unchanged at their recent meeting and signaled that they will be closely monitoring the data for improving signs on inflation to...
by Dustin Balloun | Dec 27, 2023 | Market Reports
Elevated borrowing costs suppress California home sales to the lowest level in 16 years, C.A.R. reports Key highlights: Existing, single-family home sales totaled 223,940 in November on a seasonally adjusted annualized rate, down 7.4 percent from October and down 5.8...
