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The California Association of Realtors reported August 2024 sales among the lowest on record for the month, despite the expanded options for buyers. The shift is evident in Florida, where some ...
The housing market saw a burst of activity in August. New home sales rose around 15% last month, the biggest jump since 2022. Buyers are coming back to the market as mortgage rates ease.
New home sales dropped 17.3% in October from the previous month to a seasonally adjusted rate of 610,000 units, according to Census Bureau data released on Tuesday. Analysts surveyed by Bloomberg ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
According to CAR's report, home sales in the state rose slightly last month, with existing single-family home sales totaling 275,540 — a 3% increase from March and a 4.4% rise from April of the ...
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