Bethany Patten
Sixty-three percent of Americans thought that it was a good time to purchase real estate as of the fourth quarter, down from 72 percent on an annual basis. Although nearly two-thirds of Americans think that now is a good time to purchase a home, buyer optimism about the housing market is at its lowest …
Continue reading "U.S. Homebuyer Confidence Dropped in the Second Half of 2018"
California’s Unemployment Rate Falls to a New Record Low in September California added 13,200 jobs in September, bringing the unemployment rate to 4.1 percent, a new record low since 1976 according to the latest numbers from the state Employment Development Department. With 339,600 jobs added from last September, California has created more than 3 million …
U.S. Home Price Growth Slows to 2-Year Low in August A new CoreLogic report says that home prices rose by 5.5 percent year over year in August, with appreciation expected to further slow by the same time next year. California home prices were up by 7.5 percent from August 2017, and gains are projected to …
Continue reading "Home Price Growth Slows to 2-Year Low in August"
The median sales price for a U.S. single-family home was $269,000 in the second quarter, an all-time high. The San Jose metropolitan area was America’s fastest-appreciating housing market, with the $1.41 million median sales price up by 18.7 percent from the second quarter of 2017. Though millennials should be helping to drive sales activity, less …
Continue reading "U.S. Home Prices Again Reach New Peak in the Second Quarter"
Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the same time last year and within 13 basis points of the seven-year high …
