Mortgage rates inch up to 3.01%
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Southern California News Group 
WEEKLY SALES DATA EDITION
BY JONATHAN LANSNER
Weekly stats on local, statewide and national pending sales and listings ... plus insider smarts from our contributors!  
Get the weekly details here!

Have sellers seriously returned to the market?

My trusty spreadsheet tells me we've just seen the largest 7-day addition to the for-sale inventory in 19 weeks.

That's from Zillow's weekly report on activity from brokers' listing services in Los Angeles, Orange, Riverside and San Bernardino counties showing owners listed 5,117 existing homes for sale in the week ended July 18.

• New escrows rose, too, up 6% in a week.

CLICK FOR FULL ANALYSIS
INSIDER TALK

Are super cheap mortgages a blessing or ominous sign of next housing downfall? Jeff Lazerson's thoughts on lending. READ MORE

Tips for snagging a home in a competitive market. Leslie Eskildsen's thoughts on house selling. READ MORE

Fees can add up to a large cost in big property sales, too. Allen Buchanan's thoughts on commercial real estate. READ MORE

HOA Q&A: Does pandemic mean no open meetings? Can tenants attend? Kelly Richardson's thoughts on homeowner's associations. READ MORE

RATE WATCH

3.01% for a 30-year mortgage. Rates inch up off record lows. READ MORE

WEEK IN REVIEW

ICYMI: 2.75% rates forecast, records broken, delinquencies READ MORE

 

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