The Rancho Santa Fe Real Estate market reported 9 Rancho Santa Fe homes sold at a median price of $2,250,000 for the month!
The Carlsbad South Real Estate market Zip 92009 reported 33 Carlsbad South homes sold at a median price of $798,000 for the month.
The Carlsbad North Real Estate Market Zip 92008 reported 20 Carlsbad North Homes sold at a median price of $777,500 and a 16.9% increase for the month!
After three months of declines, the pace of housing construction — measured by the number of new housing starts — rose 5% in May to a 1.957 million-unit annual pace, the Commerce Department reported June 20. (Economists had expected May housing starts to stabilize at a 1.85 million-unit pace.) Permits for future groundbreaking, an indicator of builder confidence, fell by 2.1% to a 1.932 million-unit pace in May, the lowest since November 2003 and the first time since January that total housing permits fell below starts.
The Conference Board, an industry-backed research group, said its Index of Leading Economic Indicators slipped 0.6%
in May after a 0.1% decline in April, which was in line with analysts’ expectations. Seven of the 10 indicators that comprise the closely watched index decreased, led by weekly jobless claims which rose by a larger-than-expected 11,000 for the week ending June 18.
Orders for durable goods — items expected to last three years or longer — fell 0.3% in May after an even bigger 4.7% plunge in April, the Commerce Department reported June 23. A decline in orders for commercial aircraft led the weaker-than-expected showing.
On June 22, Freddie Mac reported that interest rates on 30-year fixed-rate mortgages reached their highest level in more than four years. Not surprisingly, U.S. mortgage applications fell by 0.8% for the week ending June 16, according to the Mortgage Bankers Association. While the MBA’s purchase index rose 0.1%, refinances fell 2.2%.
This week look for updates on new home sales on June 26 and existing home sales on June 27.
The North County Inland Real Estate market reported 595 North County Inland Homes sold at a median price of $595,000 and a 6.5% increase for the month!