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Here's What's Happening In The Market, Here’s What This Means For You
July Home Prices Represent a ‘Significant Slowdown’. CoreLogic’s reported single-month drop of 0.77% is the most since January 2011.
Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools.
Sales have been slowing down for several months, with mortgage rates now double what they were at the start of this year.
Current borrowers, on average, owe just 42% of their home’s value on both first and second mortgages. It is the lowest leverage on record.
US Mortgage Lenders Are Starting To Go Bankrupt https://www.yahoo.com/lifestyle/us-mortgage-lenders-starting-bankrupt-120000031.html
Forbes: 2 out of 3 Americans are draining their savings to cope with suffocating inflation.
More than 40% of active Realtors in the United States are located in California, Florida, Texas, and New York.
Metro areas where rent prices are increasing the most: Miami: 40.8%, Orlando: 25.8%, Phoenix: 17.8%, San Diego: 17.3%, Las Vegas: 17%.
Apartment Market 'Deteriorating' According to New Data. Asking rents snap a 20-month run of sequential rent increases.
US household net worth falls over $6 trillion in Q2.
Orange County home sales tumble 40% in 45 million-dollar ZIPs.
Orange County
List of Closed Sales
Southern California
List of Closed Sales