Irvine Real Estate News
Irvine
U.S. Annual Home Price Growth to Slow to 2.6 Percent by Year End 2024
Based on CoreLogic's latest Home Price Index January 2024, year-over-year home price gains reached the highest rate in a year in January, but growth is expected to begin slowing in the coming months, falling to 2.6% by early 2025.
U.S. Multifamily Construction Starts to Decline in 2024
According to the National Association of Home Builders, Multifamily starts in the U.S. are predicted to decline in 2024. Meanwhile, the remodeling sector remains on solid ground and will hold steady this year.
California Home Sales Uptick 6 Percent Annually in January
Based on new data from the California Association of Realtors, the State of California existing home sales rebounded in January 2024 to the highest level in six months as mortgage rates pulled back sharply at the end of 2023.
U.S. Home Equity Continues to Dip in Q4
46.1 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.
