The WPJ

Los Angeles

Single Family Housing Starts Dip in April

New government data shows U.S. single-family homebuilding and permits fell in April 2024, amid a resurgence in mortgage rates, but new construction remains supported by an acute shortage of houses for sale.

Only 17 Percent of Current Residents Can Afford to Buy a California Home in 2024

The California Association of Realtors is reporting that only seventeen percent of the state's homebuyers could afford to purchase a median-priced, existing single-family home in California in the first-quarter 2024.

Commercial Real Estate Lending in U.S. Slowed in First Quarter

Based on new data from CBRE, the U.S. commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing.

Record High Monthly Housing Payments Put Chill in U.S. Spring Selling Season

Based on new data from Redfin, the median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, 2024, up 14% from a year earlier, and home prices rose 4.5% to their own record high.

Los Angeles Property News












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