Newport Beach
Real Estate News

If California Splits Into 3 States in November Ballot, Housing Markets Get Altered

If California Splits Into 3 States in November Ballot, Housing Markets Get Altered

According to ATTOM Data Solutions recent analysis of what California's housing market would look like if the state is split into three new states per a proposal that has qualified for the state's November 2018 ballot. Read More »


California Home Prices Hit Record-high in May as Sales Dip

California Home Prices Hit Record-high in May as Sales Dip

According to the California Association of Realtors, California's median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year. Read More »

California's Spring Home Selling Season Delivers Mixed Results in 2018

California's Spring Home Selling Season Delivers Mixed Results in 2018

According to the California Association of Realtors, California's spring housing market posted mixed results as home sales cooled in April 2018, yet home prices continued to accelerate, especially in the San Francisco Bay Area region. Read More »

California Housing Market Bounces Back in February

California Housing Market Bounces Back in February

According to the California Association of Realtors, led by the San Francisco Bay region, California home sales registered healthy gains in February 2018 on both a monthly and annual basis after January's weak start. Read More »


Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated July 19, 2018 8:55 AM ET

Newport Beach Property News

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.

California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high

China has hit a record of $33 billion in overseas commercial and residential property investment in 2016, an increase of nearly 53 percent year-on-year.

California pending home sales dropped from both the previous month and last year in November 2015, indicating that the robust sales registered in November will likely not be repeated in the months ahead.

The California Association of Realtors are reporting this week that California's existing home sales ticked up in September 2016 on a year-over-year basis for the first time in seven months.

The Mortgage Bankers Association (MBA) recently released its mid-year ranking of commercial and multifamily mortgage servicers' volume as of mid-2016.

According to JLL and its latest Tech Office Outlook report, the U.S. tech sector growth continues to outpace the national economy in 2016 and is creating strong real estate conditions across the country.

According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.

According to the California Association of Realtors, California statewide pending home sales continued to build momentum in July 2016, posting an increase from both the previous month and year.

Chinese investors dominated Asian outbound investment in the first half of 2016, accounting for 60%, or $16.1 billion, of total investment.

According to the California Association of Realtors, California statewide home sales stumbled in July 2016 as low inventories and eroding affordability dragged down the housing market.

According to Redfin, one "Walk Score Point" can increase the price of a U.S. home by an average of $3,250 or 0.9 percent.

Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.

California pending home sales continued their upward momentum in June 2016 to post three straight months of annual increases.


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