Long Beach
Real Estate News

U.S. Homes Hourly Appreciation Rate Higher Than Hourly Minimum Wage in Half the Country

U.S. Homes Hourly Appreciation Rate Higher Than Hourly Minimum Wage in Half the Country

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities. Read More »


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 »

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 »

California Home Sales, Median Price to Increase in 2018, But at Slower Pace

California Home Sales, Median Price to Increase in 2018, But at Slower Pace

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


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated April 11, 2018 9:00 AM ET

Long Beach Property News

According to the newly released Last Mile / City Logistics Report from CBRE, the rapid rise of e-commerce has driven the most disruptive movement to the industrial & logistics industry, transforming the way we think about industrial real estate.

Holiday season sales beget returns, but e-commerce sales more so says a new report by CBRE Group, Inc. Retailers' processes for handling online returns, called reverse logistics, have added importance.

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 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.

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.

The American Institute of Architects is reporting this week that buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June 2016 for the fifth consecutive month.

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).

Rising minimum-wage levels across the U.S. stand to impose additional cost burdens on industrial-building occupiers, especially in labor-intensive, e-commerce fulfillment centers.

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.

housing markets throughout the South region in Florida, Louisiana, Arkansas and Tennessee account for eight of the top ten increasing rental markets in the U.S. in 2015.

Lower interest rates and level home prices combined to perk up California housing affordability in the fourth quarter of 2015.

Industrial and supply chain real estate occupiers and investors alike experienced a record-breaking year in 2015 and should expect this trend to continue well into 2016.

According to the California Association of Realtors, pending home sales in California continued to improve from a year ago with solid gains, which will position the market for a modest increase in home sales in 2016.


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