The WPJ

Palm Springs

$17 Trillion Worth of U.S. Homes Experienced Intense Drought in August

According to national property broker Redfin, about three-quarters of U.S. metropolitan areas, where more than half of homes experienced intense drought in August 2022, have seen more people move in than out in recent months.

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.

15 of Top 20 Equity Rich U.S. Housing Markets are in the Western States

39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market value.

California Median Home Prices up 12 Percent Annually in October

California Realtors are reporting this week that closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 434,170 in October, 2021.

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