The WPJ

Irvine

California Home Sales Set 15-Year Record in November

Despite ongoing Coronavirus lockdowns for months in California, home sales remained high in November 2020, breaking the 500,000 sales benchmark for the first time since January 2009. This is the highest sales level in 15 years, says the California Association of Realtors.

Real Estate Foreclosures in U.S. Hit 16-Year Low in 2020

Foreclosure filings-- default notices, scheduled auctions and bank repossessions -- were reported on 214,323 U.S. properties in 2020, down 57 percent from 2019 and down 93 percent from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005.

Million Dollar Cities in U.S. See Massive Surge from 2020 Pandemic

According to Zillow, although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply in 2020.

Owning a Home More Affordable Than Renting in Most of the U.S.

ATTOM Data Solutions' newly released 2021 Rental Affordability Report is showing that owning a median-priced three-bedroom home in the U.S. is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed.

Irvine Property News











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