Market updates

Across the country, consumers are feeling the bite of inflation and surging mortgage interest rates, which recently hit 4.6% in March, according to Freddie Mac, rising 1.4 percent since January and the highest rate in more than 3 years.

As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering a bad news-good news…

For all of Newport Beach, the median sales price of detached homes year-to-date was $2,090,000, down 7.7% from the same month last year. In comparing April 2019 to April 2018, the market activity has softened, with pending home sales of detached homes down 35.3%, and…

For Orange County, New Listings were down 4.4 percent for detached homes and 2.8 percent for attached properties. Pending Sales decreased 34.5 percent for detached homes and 30.7 percent for attached properties. The Median Sales Price was up 0.2 percent to $832,000 for…

According to the Federal Reserve Board, the median net worth of the average homeowner in the United States was $231,400, compared to $5,200 for the average renter. Housing was the largest source of wealth for homeowners’ net worth, with the average net housing wealth at…

* 71% of younger millennials (1990-1998) said convenience to job influenced neighborhood choice. * 81% of older millennials (1980-1989) found their home with a mobile app * 24% of recent home buyers were gen X (1965-1979) * 35% of younger boomers (1955-1964) said heating…

Here are the most recent residential real estate market update reports for Costa Mesa and each of the Multiple Listing Service (MLS) defined sub areas. For all of Costa Mesa, the median sales price of detached homes year-to-date was...

Here are the most recent residential real estate market update reports for Newport Beach and each of the Multiple Listing Service (MLS) defined sub areas. For all of Newport Beach, the median sales price of detached homes year-to-date was...

For Orange County, New Listings were up 8.6 percent for detached homes and 12.2 percent for attached properties. Pending Sales decreased 46.4 percent for detached homes and 54.5 percent for attached properties. The Median Sales Price was up 4.1 percent to $833,000 for…

a modern, go anywhere, expanding house that opens and closes in 10 minutes using a hand-held battery-powered drill...a futuristic line of versatile, expanding buildings... that can be transported by a standard truck, travels as the size of a standard 30 ft container unit,…

Newport Heights monthly sales activity for the month of January showed a significantly reduced number of listings, pending sales and closed sales for detached homes...attached home sales and new escrows are up, while new listings are down, causing a tight supply of attached…

If you're looking to check out some coastal Orange County open houses this weekend, here's a list of neighborhood open houses from Costa Mesa to Laguna Beach (always updated).