The WPJ

Los Angeles

Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.

Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.

Most Americans Know More About Kim Kardashian, Jennifer Lopez's Love Lives Than Buying a Home

According to a new Zillow survey, most Americans know more about celebrity love lives, the Kardashians and the NFL than they know about the basics of buying a home. In the nationwide survey, the typical adult failed Zillow's basic real estate knowledge quiz, answering only two of five questions correctly.

U.S. Housing Industry Reacts to Fed's Historic Rate Hike

Today's announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months.

Declining U.S. Builder Confidence Confirms Further Economic Troubles in 2022

According to the latest National Association of Home Builders Wells Fargo Housing Market Index, rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment.

Los Angeles Property News



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