#housing-market

#housing-market

Homeowner loss ratios have increased from 75% in 2021 to 85% in 2023, with forecasted elevated ratios due to anticipated hurricane activity in 2024.

A house that sold for $5.7 million tops the list of the most expensive residential real estate sales in Palo Alto, indicating a robust housing market.

In the South and West regions, newly built homes are more affordable than existing ones, averaging $218.66 per square foot compared to $226.56.

The bulk of the region's most expensive home sales so far this year are in Atherton, where famous residents like Golden State Warriors point guard Steph Curry and former Hewlett-Packard CEO and Republican gubernatorial candidate Meg Whitman have sought privacy behind tall hedges.

James Jannard has re-listed his Beverly Hills megamansion for $65 million, down from $68 million, showing a trend of wealthy sellers adjusting prices in a challenging luxury market.

We've experienced the most significant decline in home sales ever when mortgage rates soared from 3% to 7%. Weekly Housing Market Tracker data improves when rates move from 6.64% toward 6%.

During the second quarter of 2025, Opendoor recorded $1.6 billion in revenue, up 4% annually, and a net loss of $29 million, an improvement over its $92 million net loss record in Q2 2024.

Investors now own 87,928 of Orange County's single-family houses, accounting for 16% of the market, according to recent data. Statewide, investors own 19%.

Nvidia made early investors rich, but a new class of 'Next Nvidia Stocks' could perform even better in the current market environment.

Tim Sorenson's appointment as the head of New American Funding's southwest division reflects a strategic choice, emphasizing his capability in driving retail operations and innovative strategies.

Peter Jackson emphasized to analysts that many public homebuilders presenting earnings had painted a more positive outlook than the actual slowing trends in residential construction. He stated, 'There were a lot of public homebuilders that have released [earnings] over the past couple of weeks [that reported relatively more positive pictures], versus kind of our signal here that it's a bit worse than what people are thinking.' This suggests a disconnect between the perception of the housing market and the reality Builders FirstSource is witnessing.

"They're not making any more beachfront properties," Josh Flagg, a real estate agent in Los Angeles, said. "There are only so many properties available, and the smart people will be taking these lots now before the demand picks up, which it inevitably will."