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Here's What's Happening In The Market, Here’s What This Means For You
Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit.
Consumer sentiment plummets as recession looms large. The only time in the last decade consumers were more pessimistic was in April 2020, at the height of the COVID-19 pandemic.
Expect a foreclosure spike in the coming months. Pandemic backlog of seriously distressed mortgages expected to fuel the increase, although bump-up will remain below historical average.
So Cal Home To Most Expensive Apartment Rent. Out of the 50 most expensive rents in the U.S., California cities hold 25 of those spots, including 14 in Southern California.
According to a study by Consumer Affairs, 78% of Americans expect a housing-market crash. What may surprise you is that 63% of those surveyed want a housing crash.
Home Buyers Pulling Back More Than Sellers. New listings are down 12% from a year ago as sellers see there’s no more bidding wars.
Consumer Sentiment Moves Up. However, given that June was an all-time low, that doesn’t necessarily say that much.
Orange County
List of Closed Sales
Southern California
List of Closed Sales