The WPJ

Santa Barbara

Residential Asking Rents Slow in U.S. for Second Consecutive Month

Based on new data from national property broker Redfin, national median asking rent was up 14% year over year to $2,032 in July 2022.

Mortgage Applications Dip in Mid-August

According to new data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 12, 2022, U.S. mortgage applications decreased 2.3 percent from one week earlier.

Top 5 Least Affordable U.S. Housing Markets of 2022 All Located in California

According to the National Association of Home Builders, rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to U.S. housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.

Growing Share of U.S. Listings Going Stale As Multiple Housing Markets Cool

According to national property broker Redfin, the share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July 2022 from a year earlier.

Santa Barbara Property News



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