Wednesday , May 28 2025

Tag Archives: Real Estate

Report: second homes lose popularity

U.S. home prices record annual decline

U.S. homebuyers took out 86,604 mortgages for second homes in 2024, a five-percent year-over-year drop, and the lowest number of second mortgages since 2018, a recent report as found. That data includes the purchases of second homes, primary homes and investment properties from 2018 to 2024, according to Redfin, a …

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State home sales slip

Homebuilding Veteran Joins Diversified Pacific, Sees Bright Future for Real Estate

California’s housing sales declined for the second straight month in April, as the state’s median price hit an all-time high. Sales of existing single-family homes last month totaled 267,710, down 3.4 percent in March but essentially unchanged from April 2024, according to data released May 19 by the California Association of …

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State housing affordability up slightly

Buying a home in California got a little easier during the first quarter of 2025, according to the California Association of Realtors. Seventeen percent of the state’s households could afford the median-price of a single-family detached home – $846,830 – during that time, up two percent from the fourth quarter …

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Inland retail off to shaky start in 2025

Holiday retail outlook is good, but not great

The Inland Empire retail market got off to a somewhat slow start in 2025, posting a 6.8 percent availability rate for the first quarter, up from 6.5 percent one year earlier. Net absorption also moved in the wrong direction during the first three months of the year: minus-361,000 square feet, down …

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Housing industry braces for possible recession

State home sales continue to decline

Nothing significant changed regarding the cost of buying a home in California between 2023 and 2024, unless you consider a one percent change in the number of people who can afford a home signifiant. For a little than more than four-fifths of the state’s population, buying a home remains an …

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