The WPJ

San Diego

47.9 Million Americans Will Travel This July 4th Weekend

This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.

High Prices, Rising Rates, Economic Uncertainty Ends Vacation Home Boom in America

Based on a new report by national property broker Redfin, consumer demand for U.S. vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May 2022.

National U.S. Office Rents Slip Annually in May

According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.

Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.

Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.

San Diego Property News



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