La Jolla Real Estate News
La Jolla
California Home Sales Down 46 Percent Annually in January
According to the California Association of Realtors, California home sales slightly edged up in January 2023 for the second straight month, but down 45.7 percent annually from January 2022.
U.S. Life Sciences Property Market Normalized in Q4
According to new research by CBRE, a new supply of life sciences real estate outpaced demand in many top U.S. life sciences markets in the fourth quarter, boosting the sector's vacancy rate back toward pre-pandemic levels.
California Home Sales Implode in November, Biggest Annual Decline in 43 Years
According to the California Association of Realtors, housing demand in California continued to fall sharply as rising interest rates further dampened the state's housing market in November 2022. California's home sales registered the lowest annualized pace since October 2007 and the largest year-over-year sales drop in at least the past four decades.
High Interest Rates Pound California Home Sales
The State of California's housing market continued shifting in October 2022 as the monthly average 30-year fixed rate mortgage hovered near 7 percent and led to the lowest sales level since February 2008 and the largest year-over-year decline since December 2007, outside of the pandemic.
