Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, with a two-point reduction to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. “Following eight consecutive months of improvement, builder confidence leveled off in January and has since edged down Read More

Confidence among U.S. homebuilders unexpectedly fell for a second month in March, a sign the residential real-estate market will take time to strengthen. The National Association of Home Builders/Wells Fargo index of builder confidence dropped by 2 points to 44 this month, due to a decrease in the measure of current sales, a report from Read More

The median price in Newport Beach is $1,950,000. Demand measured by the Market Action Index is increasing and days on market are holding steady. With more properties coming available, conditions are mildly positive.   Supply and Demand The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively Read More

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