Monday Market Stats.. a day late!
In January 2024, California’s real estate market showed promising signs of improvement, with both housing supply and buyer demand on the rise. Although the market may encounter challenges in the upcoming months due to fluctuating mortgage rates, there is optimism […]
Monday Market Stats Feb 12
Pasadena, CA Mon Feb 12 2024 This week the median list price for a single family home in Pasadena, CA is $1,720,000 with the market action index hovering around 51. This is less than last month’s market action index of […]
2024 Housing Market Forecast
California Association of Realtors 2024 Housing Market Forecast California housing market will rebound in 2024 as mortgage rates ebb. Existing, single-family home sales are forecast to total 327,100 units in 2024, an increase of 22.9 percent from 2023’s projected pace […]
Monday Market Stats Feb 5
The economic data from last week illustrates the consistent outperformance of the U.S. economy, defying earlier gloomy forecasts of slower growth in 2023. Despite the upward pressure on mortgage rates due to the stronger economy, the average 30-year fixed-rate mortgage […]
Monday Market Stats Jan 29 2024
In 2023, the housing market faced challenges due to low supply and high borrowing costs. However, with easing inflation and a soft economic outlook, interest rate cuts are expected in 2024, which could lead to a housing market recovery. As […]
Monday Market Stats Jan 23
Despite a slight rise in inflation at the end of last year, the news headlines for 2024 have mostly been positive. Consumers are starting to believe that overall price growth is slowing, and there is stabilization in rates. Additionally, more […]