Tag: mortgage rates

Is Orange County’s Record-Setting Housing Market Here to Stay?

February 24, 2021
Analysisbuyereconomic trendseconomyhousing marketmortgage ratesNY-CalOpinionOrange CountysellerSouthern CaliforniaSouthern Orange CountyUS
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Commentary The Orange County residential property market is the hottest on record, even surpassing the go-go days of 2006. The expected market time for a property is 26 days—the lowest level since tracking began in 2004, real estate broker Stephen Thomas reported in his most recent Orange County property report. In other words, in comparing…

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US Home Sales Fell More Than Expected in November

December 22, 2020
BusinessEconomieseconomyHome saleshousing marketmortgage ratesreal estateUS
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WASHINGTON—U.S. home sales fell more than expected in November after five straight months of gains amid a shortage of properties and more expensive houses, but the housing market remains underpinned by record-low mortgage rates. The National Association of Realtors said on Dec. 22 that existing home sales fell 2.5 percent to a seasonally adjusted annual…

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