After reaching their highest level since July 2022, mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday... Read more »
Mortgage demand receded for the third consecutive week despite slightly lower mortgage rates. Mortgage applications decreased by 0.6% on a seasonally adjusted basis during the week ending March 29, according to the... Read more »
Homebuilding permits across the Golden State fell last year, but not as fast as across the U.S. California developers filed permits for 111,221 homes last year, 6 percent fewer than in 2022,... Read more »
Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow... Read more »
After spending about 18 months seeking a buyer, a Malibu estate listed for $195 million by former Disney CEO Michael Eisner has quietly come off market, according to listing sites. The estate... Read more »
The mortgage landscape in the United States is experiencing a significant shift as the contract rate on a 30-year fixed mortgage recently hit a four-month low, standing at 7.17% in the week... Read more »