The WPJ

San Diego

U.S. Homebuilders Association Predicts a Continued Housing Downturn in 2023

The U.S. housing recession will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry and are expected to push the overall economy into a mild recession this year.

Mortgage Applications Dive 9 Percent in Late January

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 27, 2023, U.S. mortgage applications decreased 9.0 percent from one week earlier.

Architecture Demand, Billings Continue to Decline in U.S.

According to a new report from the American Institute of Architects, demand for design services from U.S. architecture firms continued to contract in December 2022.

U.S. Life Sciences Property Market Normalized in Q4

According to new research by CBRE, a new supply of life sciences real estate outpaced demand in many top U.S. life sciences markets in the fourth quarter, boosting the sector's vacancy rate back toward pre-pandemic levels.

San Diego Property News












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