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Californians Who Left for Remote Work Have Shown ‘Signs of Returning’
Annual existing-home sales increased for the first time in more than 3 years in October, according to the National Association of Realtors. ‘The worst of the downturn in home sales could be over.’ Annual existing-home sales rose for the first time in more than three years in October, according to the National Association of Realtors’ latest market report.
NAR signals worst of downturn may be over as existing-home sales rise
Annual existing-home sales increased for the first time in more than 3 years in October, according to the National Association of Realtors. ‘The worst of the downturn in home sales could be over.’ Annual existing-home sales rose for the first time in more than three years in October, according to the National Association of Realtors’ latest market report.
Mortgage rates not expected to budge on latest Fed rate cut
Move was anticipated by investors that fund most home loans, who have been driving up mortgage rates over concerns about inflation and pace of future Fed rate cuts. Federal Reserve policymakers lowered short-term interest rates by a quarter of a percentage point Thursday, a move that had been anticipated by investors and isn’t expected to have much impact on mortgage rates.
France will uproot 27,500 hectares of vineyards to combat oversupply crisis
The French government will pay grape growers €109.8m to compensate them for uprooting 27,500 hectares of vineyards in response to an oversupply crisis. Last month, France’s agriculture ministry unveiled a plan to pull up 30,000 hectares in a bid to tackle a significant supply-demand imbalance.
California housing market bounces back in October as both home sales and median price post increases from previous month and year, C.A.R. reports
LOS ANGELES, Nov. 19, 2024 /PRNewswire/ — California home sales rebounded in October, reversing two straight months of sales declines and registering the fastest year-over-year sales pace in 40 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Award per homeseller in Sitzer is about $913 and getting smaller
As of last week, 491,450 people had submitted claims for a portion of the settlement in the Sitzer litigation, with six months left before a May 2025 deadline, according to a Wednesday filing by plaintiffs who asked a judge to grant final approval of the case that upended the real estate industry.