Laguna Beach Real Estate News
Laguna Beach
2 Million U.S. Homes No Longer Require Jumbo Loans
More than 2 million U.S. homes no longer require a jumbo loan, according to a new analysis by Zillow Home Loans. This means customers will have additional available inventory that is covered by a more accessible financing option.
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.
California Home Sales Implode 30 Percent Annually in September
According to the California Association of Realtors, rapidly rising U.S. mortgage rates and economic uncertainty slowed California home sales in September 2022.
Laguna Beach Property News
Commercial, Multifamily Mortgage Delinquency Rates Remained Low in Late 2021
Posted on March 23, 2022
