Real estate jobs have rebounded across Southern California with the hottest hiring spree in seven years, despite sluggish home sales in the wake of higher interest rates. Property-related work across Los Angeles,... Read more »
The United States economy exhibited remarkable resilience as it closed out the year 2023 with a robust performance, surpassing earlier predictions. The advance estimate of the fourth-quarter Gross Domestic Product (GDP) revealed... Read more »
Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are... Read more »
After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation... Read more »
Single-family rent prices in the United States only rose by 2.6% year over year in September, the lowest rent growth recorded in three years. That’s according to CoreLogic’s Single-Family Rent Index (SFRI),... Read more »
Weekly housing inventory data All I wanted for Thanksgiving and Christmas was just a few weeks of active inventory growth between 11,000 – 17,000. But even with mortgage rates getting as high... Read more »
CoStar Group’s annual revenue increase of 12% during the third quarter of 2023 marked the 50th straight quarter of double-digit revenue growth. The company reported revenue of $625 million and net income... Read more »
The US housing market has been experiencing fluctuations in home prices and market activity. In this report, we will explore the latest insights into the US home price trends for October 2023.... Read more »
Available inventory of unsold homes rose by 1.8% this week. It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. The leading... Read more »