The latest release data as of August 2024 indicates a significant decline in agent mobility, with the seasonally adjusted AMI metric hitting a new record low. This trend suggests that agents are increasingly... Read more »
Marcus & Millichap closed the sale of Point Dume Club of Malibu, a 297-site manufactured housing asset located on 95.4 oceanfront acres in Malibu. Although the purchase price was not disclosed, first VP investments... Read more »
Existing-home sales faded 5.4% in June to a seasonally adjusted annual rate of 3.89 million. Sales also slumped 5.4% from one year ago.The median existing-home sales price bounced 4.1% from June 2023... Read more »
In a world where the housing market often feels like a rollercoaster ride, it’s fascinating to see that a record share of consumers expect mortgage rates to fall. While many are feeling unsure... Read more »
Nancy Ahlum’s April sale in Saucon Valley for $6,200,000 is the second highest residential sale price ever recorded in the MLS for the Lehigh Valley. In 2022 Nancy listed and sold a... Read more »
Despite an uptick in office leasing across greater Los Angeles, office availability has hit an all-time high, with landlords facing a sharp decline in office property values. Office availability rose 0.9 percent... Read more »
Matthews Real Estate Investment Services represented the seller in the $10,695,000 disposition of 14011 S. Normandie Ave., a vacant industrial property located in Gardena. The sale set a record for size and... Read more »
First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. ... Read more »
The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-best start to the year on record after the pandemic-induced cargo surge in 2022. Port officials said January... Read more »
More Americans are reaching the milestone age of 65, and these people are redefining what 65 looks like in comparison to prior generations — with a raft of implications for American society.... Read more »