The WPJ

Los Angeles

High U.S. Housing Costs Drove Record Relocations in 2022

National property broker Redfin is reporting that a record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter of 2022. That's up from 22.1% a year earlier and around 18% before the pandemic.

New Home Starts Uptick in December as Multifamily Production Weakens in U.S.

According to a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family housing starts posted a double-digit percentage gain in December 2022.

Post Covid, U.S. Office Sector's Future Remains Unsettled in 2023

According to new research by CommercialEdge, nearly three years after the COVID-19 pandemic upended the U.S. office sector, its future remains unsettled. Even as some firms become more forceful in bringing workers back into the office, many have fully committed to hybrid and remote work policies.

U.S. Home Sales Continued to Dip in December

According to the National Association of Realtors, existing-home sales retreated for the eleventh consecutive month in December 2022. Three of the four major U.S. regions recorded month-over-month drops, while sales in the West were unchanged. All regions experienced year-over-year declines.

Los Angeles Property News












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