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Malibu

California Home Sales Slide 20 Percent Annually in June

According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022.

U.S. Tenants Gravitating to Higher Quality Offices in Response to Hybrid Work

According to global property consultant CBRE, there is a "flight to quality" playing out across 12 major U.S. markets as office-using companies adapt their workplaces for hybrid work.

Covid Driven Buyers Purchased an Extreme Number of Vacation Homes in High Risk Natural Disaster Areas

According to national property broker Redfin, pandemic driven purchases in 2020 and 2022 of second vacation homes in the U.S. with high flood risk rose 45% from the prior two-year period (2018-2019). There were also significant increases in purchases of second homes with high storm risk (40%) and high heat risk (39%).

U.S. Mortgage Applications Dip in Mid-May

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 20, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.

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