2050 Canal Long Beach, CA

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Los Angeles, Orange counties No. 1 in U.S. home-price gains by this index

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FILE PHOTO 7 COMMENTS By  JONATHAN LANSNER  |  jlansner@scng.com  | Orange County Register PUBLISHED:  March 3, 2018 at 6:00 am  | UPDATED:  March 3, 2018 at 10:13 am Want another reason for the high cost of local living? By one widely-watched home-price benchmark, the strongest appreciation nationwide this century was in Los Angeles and Orange counties. The S&P/Case-Shiller indexes are curious real estate yardsticks, invented by and named for two pioneering professors in housing economics. This benchmark is narrow in scope as it follows housing in just 20 large U.S. markets. Think of it as housing’s equivalent to the Dow Jones industrial index, the venerable Wall Street tracker of 30 publicly traded and well-known companies. When I tossed S&P/Case-Shiller data into my trusty spreadsheet I learned prices in L.A.-O.C. have surged to a nation’s best 171 percent since January 2000. (Ahem, that includes the housing bubble burstin...
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Las Vegas homeowner fined $72,900 for using Airbnb without license

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The home at 1925 Silver Avenue in Las Vegas on Thursday, March 8, 2018. The homeowner was subject to $72,900 for renting the home on rental vacation websites without a license from the city. Patrick Connolly Las Vegas Review-Journal @PConnPie The home at 1925 Silver Avenue in Las Vegas on Thursday, March 8, 2018. The homeowner was subject to $72,900 for renting the home on rental vacation websites without a license from the city. Patrick Connolly Las Vegas Review-Journal @PConnPie The home at 1925 Silver Avenue in Las Vegas on Thursday, March 8, 2018. The homeowner was subject to $72,900 for renting the home on rental vacation websites without a license from the city. Patrick Connolly Las Vegas Review-Journal @PConnPie The home at 1925 Silver Avenue in Las Vegas on Thursday, March 8, 2018. The homeowner was subject to $72,900 for renting the home on rental vacation websites without a license from the city. Patrick Connolly Las Vegas Review-Journal @PConnPie ...
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Monthly Snapshot February 2018

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The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding. Markets are poised for increased supply, so there is hope that more sellers will take advantage of what appears to be a ready and willing buyer base. New Listings were up 4.2 percent for Single Family homes and 4.5 percent for Townhouse-Condo properties. Pending Sales decreased 47.2 percent for Single Family homes and 51.3 percent for Townhouse-Condo properties. The Median Sales Price was up 9.4 percent to $689,450 for Single Family homes and 8.2 percent to $446,000 for Townhouse-Condo properties. Months Supply of Inventory remained flat for Single Family units but was up 11.8 percent for Townhouse-Condo units. In February, prevailin...
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