Connect with us

Top News

Home sales in Southern California experienced a big drop in April



Home sales in Southern California experienced a big drop in April

Describing the dire effect of the coronavirus crisis on the housing market, data released Tuesday showed Southern California home sales fell 26.6% in April compared to the previous month, while year-on-year sales fell 31.5%.

Data from DQNews reflects housing transactions that were closed last month, which means many escrow opened right before or after home stay restrictions conducted in California in March.

This aspect of the real estate industry is considered important by California leaders, but with restrictions that more or less kill traditional open houses.

Sales fell across the board in April, with the pandemic disrupting and negating many deals in escrow, but house prices continue to see marginal gains from the previous year:

  • In Los Angeles County, average home prices rose 3.8% to $ 630,000, while sales dropped 35.2%.
  • In Orange County, average home prices rose 2.7% to $ 755,000, while sales fell 33.8%.
  • In Riverside County, average home prices rose 5.8% to $ 412,500, while sales dropped 30.6%.
  • In San Bernardino County, average home prices rose 5.4% to $ 353,000, while sales dropped 20.9%.
  • In San Diego County, average home prices rose 4.3% to $ 594,500, while sales dropped 30.6%.
  • In Ventura County, the average home price increased 2.6% to $ 600,000, while sales fell 34.6%.

The fear of the unknown has prompted many prospective sellers to push the pause button on prospective offers, while mortgage credit has tightened despite historically low interest rates. The so-called jumbo mortgage – a loan greater than $ 765,600 – has evaporated because of lenders’ concerns over the severity and duration of the COVID-19 outbreak.

See also  Portuguese government “hasn't lost interest” in Morocco's submarine cable - O Jornal Económico

High-end markets, especially in Los Angeles County, are a different story. Pandemic has done little to slow sales of north of $ 5 million in LA County. Even though inventory is down, buyers are taking advantage of the current market (and low interest rates) and utilizing private banks that prioritize big shoppers to do so.

Market bite

San Bernardino County continues to see an increase in new home transactions, with 249 sales in April, up 41.5% from the same month a year earlier (176). The district had 323 new home sales in March. New home sales in San Diego County (235) rose 8.3% year-on-year.

Overall, condominium sales throughout Southland fell 31.7% from March and 35.5% from a year earlier. Average selling prices for condos, however, increased 5.6% year-on-year, including a 13.2% increase in Riverside County.

Both the Orange and San Diego regions remained stable with average peak selling prices of $ 755,000 and $ 594,500 respectively, the same as the previous month.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top News

Portuguese historical films will premiere on 29 December.



Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

More about

#History of Bermuda #A photo #Portuguese

Model: Everybody, Entertainment, Movies/Movies, History, News

See also  The Minneapolis City Council approved a restraining order against the police
Continue Reading

Top News






This is a fact or event of journalistic interest. This may be new or recent information. This also applies to the novelty of an already known situation.


Mostly original text. Expresses the opinion of the author, but not necessarily the opinion of the newspaper. It can be written by journalists or specialists from different fields.


A report that contains unknown facts or episodes with a pronounced denunciatory content. This requires special methods and resources.

Content commerce

Editorial content that offers the reader conditions for making purchases.


This is the interpretation of the news, taking into account information that goes beyond the facts told. It uses data, brings events and scenario forecasts, as well as past contexts.


Analytical text translating the official position of the vehicle in relation to the facts covered.


This is an institutional article on a topic of interest to the company sponsoring the report.

fact checking

Content that confirms the accuracy and authenticity of the disclosed information or facts.


This is an article that brings subsidies, historical data and relevant information to help understand a fact or news.


An exciting report that details the various aspects and developments of this topic. It brings data, statistics, historical context, as well as stories of characters that are affected by or directly related to the topic in question.


A text with detailed analysis and opinions on products, services and works of art in a wide variety of fields such as literature, music, film and visual arts.

Continue Reading

Top News

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.



Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

See also  Matt Gaetz, Donald Trump Jr. criticize Rep. Liz Cheney

Continue Reading