The WPJ

Newport Beach

Top 5 Least Affordable U.S. Housing Markets of 2022 All Located in California

According to the National Association of Home Builders, rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to U.S. housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.

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.

National U.S. Office Rents Slip Annually in May

According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.

Newport Beach Property News



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