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.
U.S. mortgage applications for new home purchases increased 20.1 percent compared from a year ago. Compared to April 2019, applications increased by 0.1 percent.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report.
Total U.S. housing starts rose 5.7 percent in April 2019 to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March 2019.
Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 3, 2019, mortgage applications in the U.S. increased 2.7 percent from one week earlier.
According to Cushman & Wakefield's latest Silicon Valley's Office and R&D sector report, Silicon Valley's tech space is off to a sluggish start in 2019, after having combined for a robust 2.85 million square feet (msf) of occupancy growth in 2018 -- largely stemming from the office sector.
According to the California Association of Realtors, lower interest rates in more than a year have boosted California's housing market and kept home sales level in March 2019, after an exceptionally strong performance the previous month.
A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.
According to ATTOM Data Solutions 2018 property tax analysis of more than 87 million U.S. single family homes, property taxes levied on single family homes in 2018 totaled $304.6 billion, up 4 percent from $293.4 billion in 2017.
According to the National Association of Realtors, existing-home sales in the U.S. rebounded strongly in February 2019, experiencing the largest month-over-month gain since December 2015.
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.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.
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 the National Association of Realtors, U.S. housing inventory increased and metro market prices rose at a slower pace in the fourth quarter of 2018. The national median existing single-family home price in the quarter was $257,600, up 4.0 percent from the fourth quarter of 2017 ($247,800).
According to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.
Sales of new homes in all four major U.S. regions significantly declined in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December.