Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. In... Read more »
Some cracks may finally be starting to show in the foundations of what has been a very strong housing market. Home Depot reported quarterly sales that missed forecasts Tuesday and the CEO... Read more »
With borrowing costs remaining elevated, California existing-home sales registered the biggest monthly decline in the past year and dropped in November to the lowest level since 2007, reported the California Association of Realtors (C.A.R.).... Read more »
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed... Read more »
Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors... Read more »
Southern California’s luxury real estate market never sleeps. But this past year, it collectively caught its breath. Luxury sales slowed down in 2023 — a combination of soaring interest rates, a newly... Read more »
All-time records for the priciest house sale in California were broken in May when music power couple Jay-Z and Beyoncé paid a jaw-dropping $200 million for a Malibu estate. But overall, the... Read more »
During a year when many institutional investors pulled back from the office market, two familiar names were involved in this year’s priciest office sale in Los Angeles. JPMorgan took the cake this... Read more »
New home sales fell month-over-month in November to their lowest level since last November. But despite this dip, 2023 is poised to be one of homebuilders’ busiest years. Total new home sales... Read more »
New home sales missed sales estimates, but the builders’ stocks have been roaring higher. What gives? There are two key things to remember before I go into the report’s details. Mortgage rates... Read more »