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  • Upcoming Legislative Activity Important to Real Estate, Week of May 29

    OPAdmin

    May 26, 2023

    Issues this coming week: Budget Committee hearing, advances in AI technology, and the reliability/resiliency of electric service in the U.S.

    Know More

  • NAR: Contract Signings Flat, More Inventory ‘Critical’

    OPAdmin

    May 25, 2023

    The spring homebuying season is milder than in recent years, but it’s not being driven by a lack of consumer interest in housing.

    Know More

  • NAR Applauds Two Supreme Court Rulings Upholding Property Rights

    OP

    May 25, 2023

    Two Supreme Court Rulings Uphold Property Rights

    US Supreme Court statue and pillars
    The Supreme Court ruled in favor of property rights in Tyler v. Hennepin County and Sackett v. EPA.
    Media Contact: 
    Tori Syrek
    Land Use & Property Rights, Clean Water Act, Water Rights & Resource Issues

    Know More

  • Instant Reaction: Mortgage Rates, May 25, 2023

    OP

    May 25, 2023

    Instant Reaction: Mortgage Rates, May 25, 2023

    Couple shaking hands with business professional over a desk with a contract, a key, small wooden houses, and a calculator
    Following the trend of the bond market, mortgage rates rose to an average rate of 6.57% on a 30-year fixed mortgage from 6.39% the previous week.
    By: 
    Nadia Evangelou
    Mortgage Financing

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  • Pending Home Sales in April Remained Flat from March 2023

    OPAdmin

    May 25, 2023

    Pending Sales in April Remained Flat from March 2023

    Bar graph
    The pending home sales pace in April 2023 showed no movement from the previous month but fell 20.3% from a year ago.
    By: 
    Michael Hyman

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  • Long-distance Movers: Why Did They Move and How?

    OPAdmin

    May 25, 2023

    Long-distance Movers: Why Did They Move and How?

    Moving van in the driveway of a house
    Why are homeowners moving, how did they search for their new homes, and how did they ultimately purchase their homes?
    By: 
    Jessica Lautz

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  • Pending Home Sales Recorded No Change in April

    OP

    May 25, 2023

    Three U.S. regions posted monthly gains in pending sales in April 2023; the Northeast posted a decrease. All regions saw year-over-year declines in transactions.

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  • Valuing Market-Resistant Properties

    OPAdmin

    May 24, 2023

    Real estate professionals need to consider both the complexities of the market and the different valuation methods when measuring the effect of a harmful property condition or stigma.

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Office 831.241.7926

419 Webster Street
Suite 200
Monterey, Ca. 93940

DRE Lic # 02189016

Ocean Pacific Realty Group

831.241.7926

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