Laguna Beach Real Estate News
Laguna Beach
Demand for Vacation Homes in U.S. Hit 7-Year Low in August
Based on new data from Redfin, mortgage-rate locks for second homes in the U.S. were down 47% from pre-pandemic levels on a seasonally adjusted basis in August, compared to a 33% decline for primary homes.
Hurricane Hillary Put 1.55 Million U.S. Homes at Elevated Flood Risk This Week
As Tropical Storm Hilary now substantially weakens this week, real estate data provider CoreLogic estimates that approximately 1,553,803 residential homes in the western U.S. were at an elevated risk of inland riverine flooding over the last few days. This includes both single- and multifamily residential properties.
Record Setting 50.7 Million Americans to Travel This July Fourth Holiday
Based on AAA projects, over 50.7 million Americans will travel 50 miles or more from home this Independence Day weekend, setting a new record for the holiday.
California Home Sales Dip 34 Percent Annually in March
According to the California Association of Realtors, California's March 2023 home sales pace was down 1.0 percent on a monthly basis from 284,010 in February 2023, but down 34.2 percent from a year ago, when a revised 427,040 homes were sold on an annualized basis.
Laguna Beach Property News
Commercial, Multifamily Mortgage Delinquency Rates Remained Low in Late 2021
Posted on March 23, 2022
