Los Angeles Real Estate News
Los Angeles
California Home Sales Begin to Cool in May
According to the California Association of Realtors, after months of breakneck market competition, California home sales moderated in May 2021 as buyer fatigue set in, while the median home price set another record high.
U.S. Home Sales Down for Fourth Consecutive Month in May
According to the National Association of Realtors, existing-home sales decreased for a fourth straight month in May 2021. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. However, each of the four areas again registered double-digit year-over-year gains.
Single Family Starts in U.S. Uptick in May
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.6 percent in May 2021 to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.
Mortgage Applications Increase in Mid-June
New data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 11th has revealed U.S. mortgage applications increased 4.2 percent from one week earlier.
