Newport Beach
Real Estate News

Mortgage Loans in Forbearance Increases to 8.5 Percent in U.S.

Mortgage Loans in Forbearance Increases to 8.5 Percent in U.S.

The total number of loans now in forbearance increased from 8.36% of servicers' portfolio volume in the prior week to 8.46% as of May 24, 2020. According to MBA's estimate, just over 4.2 million homeowners are now in forbearance plans. Read More »


Equity-rich Properties Comprise 27 Percent of All Mortgaged Homes in U.S.

Equity-rich Properties Comprise 27 Percent of All Mortgaged Homes in U.S.

14.5 million residential properties in the United States were considered equity-rich. Highest Equity Levels Remain in San Francisco Bay Area in Q4, 2019. Read More »

California Home Sales Remain Flat in September

California Home Sales Remain Flat in September

According to the California Association of Realtors, amid the most favorable mortgage interest rates in nearly three years, California's housing market recorded a third consecutive year-over-year sales increase as month-over-month sales remained essentially flat. Read More »

Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.

Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated June 2, 2020 8:00 AM ET

Newport Beach Property News

According to the California Association of Realtors, after rebounding in May, California home sales fell below the benchmark 400,000 level in June 2019 as sales declined from both the previous month and year.

After last week's two significant 6.4 and 7.1 earthquakes in Southern California, people are being reminded of the significant damage that earthquakes can cause the State's housing industry.

California home sales bounced back in February 2019, after hitting the lowest sales level in more than 10 years the previous month. February's annual sales level were the highest in six months.

Zillow is reporting this week that a limited U.S. housing inventory and rapid price appreciation have kept sellers firmly in the driver's seat for several years as the United States recovered from the housing market collapse in 2008.

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.

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.

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.

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.

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.


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