Month: January 2024

In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across the SoCal region, from the Central Coast to Orange County. The full report is available here: SoCal Q4 2023 Market (Micro) Insights Report The post SoCal Quarterly Market Insights Report: Q4 2023 first appeared on California Real Estate Blog.

In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across Hawai’i. The full report is available here: Hawai’i Q4 2023 Market (Micro) Insights Report The post Hawai’i Quarterly Market Insights Report: Q4 2023 first appeared on California Real Estate Blog.

The 2023 market was characterized by high interest rates, financial market uncertainty, surprisingly strong demand (considering the first two issues), and an extremely low supply of new listings – which maintained upward pressure on prices, even as housing affordability dropped. Sales numbers plunged due to loan rates and the inadequate supply of homes for sale, while for prospective sellers, the motivation to move was reduced by the mortgage lock-in effect. With interest rates falling, and economic conditions and consumer confidence … Continue reading “NorCal Monthly Market Insights Report: January 2024”