San Francisco Real Estate News
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Florida Coastal Cities Grow at the Expense of California Coastal Cities in 2020
According to CoreLogic's newly released 2020's Hottest Cities for Homebuyers report, more U.S. homebuyers moved to affordable, coastal metro areas in Florida like Lakeland and Tampa, as many moved away from large coastal areas like New York, Los Angeles and San Francisco.
U.S. Mortgage Applications Increase in Late July
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 23, 2021, U.S. mortgage applications increased 5.7 percent from one week earlier.
New Home Sales in U.S. Fall in June
According to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.6 percent in June to a 676,000 seasonally adjusted annual rate.
Condos Making a Comeback in U.S., Despite Ongoing Covid Issues
National property broker Redfin is reporting this week that the typical condo in the U.S. sold above its asking price in June 2021, for just the second time since at least 2012. Starting in May 2021, this signaled renewed homebuyer competition for condos after a pandemic-fueled slump.
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