Laguna Beach Real Estate News
Laguna Beach
California Home Prices Continue to Set New Records in March
Housing demand in California remained strong in March 2022 as the effects of rising interest rates have yet to be borne out while the statewide median home price sets another record high, primarily due to a surge in sales of higher-priced homes.
Covid Driven Vacation Home Boom in America Now Ending in 2022
According to national property broker Redfin, demand for vacation homes in the U.S. has dropped sharply for the second month in a row in March 2022, with mortgage-rate locks for second homes at their lowest level since May 2020.
Commercial, Multifamily Mortgage Delinquency Rates Remained Low in Late 2021
According to the Mortgage Bankers Association's latest Commercial-Multifamily Delinquency Report, U.S. commercial and multifamily mortgage delinquencies declined in the fourth quarter of 2021.
California Home Sales Dip 8.2 Percent Annually in February
Despite higher interest rates alongside geopolitical uncertainty caused by the Russia-Ukraine conflict, California's housing market continued to maintain a solid sales pace even while the number of homes sold were lower than last year's unusually strong market.
