$1-million milestone: Orange County median home price hits seven figures

The average home price in Orange County hit $1 million last month, becoming the first Southern California county to ever hit that expensive mark and underscoring just how expensive the region has become. The threshold was crossed as Orange County’s average selling price for new and existing homes, condos and townhomes rose to $1,020,000 in … Read more

Investors now balk at buying homes in this market niche

Institutional real estate investors — often mammoth operators with Wall Street ties — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 real estate market, with one notable exception: distressed properties being sold at foreclosures. That these homebuyers are now reluctant to buy in the … Read more

Stock Market Today: Stocks Rise Despite Rate Concerns, Mixed Earnings

Major indices traded well into green Tuesday, and they did so while flying into a few headwinds. Rising interest rates, which have helped keep stocks low of late, continued their rise in 2022, with 10-year Treasuries hitting 2.948% today, marching towards a 3% threshold last breached in late 2018 became. Meanwhile, the corporate earnings calendar … Read more

Commercial real estate pros point to a booming market

Sean Doordan, St. John Properties, said downtown buildings are struggling to attract occupants, but mixed-use space in the suburbs is in demand. (Photo from the Daily Record file) Think commercial real estate and the pandemic, and you might also think catastrophe. Abandoned office buildings as employees work from home. Restaurants closed, only recently reopened. Shops … Read more