Hollywood CA
Real Estate News

Housing Affordability in California Edged Up in Late 2017

Housing Affordability in California Edged Up in Late 2017

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017. Read More »


55+ Housing Market Ends 2017 on Record High in U.S.

55+ Housing Market Ends 2017 on Record High in U.S.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008. Read More »

86,000 Homes in Southern California at Risk from Wildfires

86,000 Homes in Southern California at Risk from Wildfires

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires. Read More »

California Home Sales Down Year-Over-Year in October

California Home Sales Down Year-Over-Year in October

California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated February 14, 2018 8:07 AM ET

Hollywood CA Property News

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

The California Association of Realtors are reporting this week that California's existing home sales ticked up in September 2016 on a year-over-year basis for the first time in seven months.

According to JLL and its latest Tech Office Outlook report, the U.S. tech sector growth continues to outpace the national economy in 2016 and is creating strong real estate conditions across the country.

According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.

According to the California Association of Realtors, California statewide pending home sales continued to build momentum in July 2016, posting an increase from both the previous month and year.

According to the California Association of Realtors, California statewide home sales stumbled in July 2016 as low inventories and eroding affordability dragged down the housing market.

Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.

California pending home sales continued their upward momentum in June 2016 to post three straight months of annual increases.

After a couple months of lackluster growth in transaction volume, California's existing home sales rose to their highest level in nearly four years in June.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, 2016, U.S. mortgage applications decreased 2.6 percent from one week earlier.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

The California Association of Realtors are reporting this week that California statewide pending home sales reversed a three-month decline and posted higher in April.

According to the California Association of Realtors, higher wages and lower seasonal home prices combined to push California housing affordability higher in the first quarter of 2016.

Statewide pending home sales in California decreased in March 2016 on an annual basis for the third straight month, reflecting high demand for a dearth of homes available for sale on the market.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

Moderating home price appreciation and improving housing inventory combined to spur California's housing market in February 2016 as existing home sales increased from both the previous month and year.

According to the California Association of Realtors, statewide pending home sales in California decreased in January 2016 on a year-over-year basis for the first time since August 2014

This week the California Association of Realtors reported that California's January 2016 existing home sales posted their best January monthly performance in three years.


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