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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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California
Housing

California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

February 18, 2024 Mariel Alumit Comments Off on California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

  California existing home sales reached their highest level in six months during January, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California […]

Jim Carrey
New York Post

Jim Carrey struggles to sell California mansion for a year-plus despite millions in price cuts

February 16, 2024 Mariel Alumit Comments Off on Jim Carrey struggles to sell California mansion for a year-plus despite millions in price cuts

  It’s been a year-long saga for Jim Carrey and his attempts to part ways with his lavish California estate. Despite slashing its asking price not once, but twice, the Hollywood star finds himself grappling […]

Regent Properties
Weely Real Estate News

Regent Properties Previews Plans for New California Community

February 14, 2024 kingstu Comments Off on Regent Properties Previews Plans for New California Community

Regent Properties, a real estate investment management and development firm operating in Los Angeles and Dallas, has previewed its masterplan for a new community encompassing approximately 640 homes at Winchester within California’s Riverside County. Dubbed […]

Zillow
Home Values

California’s high costs aren’t deterring Gen Z from moving there: Zillow

February 11, 2024 Mariel Alumit Comments Off on California’s high costs aren’t deterring Gen Z from moving there: Zillow

​ A Zillow analysis of U.S. Census Bureau data released Friday shows that the youngest group of prospective homebuyers, Generation Z, are bucking a larger trend by moving to California. Even as California lost nearly […]

California
Weely Real Estate News

Why Are So Many Gen Zers Moving to California?

February 10, 2024 kingstu Comments Off on Why Are So Many Gen Zers Moving to California?

There has been no shortage of news and talk regarding outbound migration from California, but a new Zillow (NASDAQ:Z, ZG) analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) has found Gen Z […]

California
Home Values

California’s ‘Master Plan for Aging’ is well received in its early days

February 6, 2024 Allen Santos Comments Off on California’s ‘Master Plan for Aging’ is well received in its early days

​ By 2034, an estimated one in five residents of the state of California will be age 65 or older. While this won’t lead to a “silver tsunami” when it comes to a flood of […]

Seann William Scott
Celebrities

Seann William Scott wants to sell the California home that he spent 7 years building

February 6, 2024 Allen Santos Comments Off on Seann William Scott wants to sell the California home that he spent 7 years building

Seann William Scott — famous for his iconic roles as Steve Stifler in the “American Pie” series and Chester Greenburg in “Dude, Where’s My Car?” — has listed his Los Angeles home for $4.97 million, […]

California
Weely Real Estate News

Celebrities Bid Farewell to California: A Trend Analysis

February 5, 2024 Mariel Alumit Comments Off on Celebrities Bid Farewell to California: A Trend Analysis

In recent years, many celebrities have been moving out of California, sparking discussions and speculation about the reasons behind this trend. California, particularly Los Angeles, has long been considered the entertainment epicenter, offering proximity to […]

Russell Square
Weely Real Estate News

Russell Square Secures MEP Licenses for California

January 30, 2024 Mariel Alumit Comments Off on Russell Square Secures MEP Licenses for California

Russell Square Inc., a construction and development company focusing on the multifamily sector within the western half of the country, announced it has officially obtained its Mechanical, Electrical, and Plumbing (MEP) licenses in the state […]

Casino mogul
New York Post

Casino mogul Steve Wynn can’t sell his California or NYC homes after years on the market

January 22, 2024 Mariel Alumit Comments Off on Casino mogul Steve Wynn can’t sell his California or NYC homes after years on the market

Las Vegas casino mogul Steve Wynn is having a tough time selling his multimillion-dollar homes across the United States. Wynn’s New York City pied-à-terre, a lavish Central Park South penthouse spanning nearly 11,000 square feet, […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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