Los Angeles Real Estate News
Los Angeles
Vacation Home Demand in the U.S. Jumps 70 Percent Annually in October
According to national property broker Redfin, demand for second homes in the U.S. was up 70% from pre-pandemic levels in October 2021. This outpaced August's 48% gain but below January's record 91% growth.
U.S. Pending Home Sales Jump 7.5 Percent in October
Contract activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as two regions reported drops and two others posted gains.
Black Friday Shopper Traffic Spikes at U.S. Malls and Shopping Centers
Based on a new CBRE Retail Property Management survey at 16 of the malls and large-format retail centers that it manages across the U.S. found the following regarding results from this past Thanksgiving weekend.
Mortgage Applications Increase in Mid-November
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending November 19, 2021, U.S. mortgage applications increased 1.8 percent from one week earlier.
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