Latest news with #housingprices
Yahoo
16 hours ago
- Business
- Yahoo
US home sales slip in June with mortgages rates high and prices hitting unprecedented levels
LOS ANGELES (AP) — US home sales slip in June with mortgages rates high and prices hitting unprecedented levels. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
a day ago
- Business
- The Independent
Portugal pledges stricter beach access rules amid luxury resort development
Officials in the Portuguese government have committed to improving access to a 27-mile stretch of coastline where rising housing prices, and the development of luxury resorts, has sparked concerns about public access to beaches. Beach towns such as Comporta, coined 'the Hamptons of Portugal', have witnessed a spike in foreign investors and wealthy tourists. In turn, this has resulted in soaring costs and decreased access to public beaches where many local people grew up An assessment by the Portuguese Environment Agency (APA) of 22 beaches found that nine had access limitations. Of these, seven were restricted by private resorts and two had controlled entry. At Galé-Fontainhas, one of the affected beaches, access runs through the CostaTerra Golf & Ocean Club. The resort is owned by US real estate investor Mike Meldman, co-founder of Casamigos Tequila with actor George Clooney. A young couple, who work at a nearby campsite, told Euronews: 'If you want to get to the beach, you either have to take the path that already existed, which is difficult from behind, or you have to leave your ID at the entrance and go through the campsite. 'It's only when you get back that you'll have your ID card back for security reasons,' they said. Portuguese Minister for the Environment, Maria da Graça Carvalho, stated that no new tourist development near the beaches can be approved in mainland Portugal without first ensuring public access to beaches. In a speech last month, she insisted that 'there are no private beaches in Portugal and any attempt to limit or hinder the free access of the population to the beaches will be identified' and opposed. 'The beaches in Portugal are public, therefore, access to the beaches cannot be blocked under any conditions.'
Al Jazeera
a day ago
- Politics
- Al Jazeera
How the gentrification crisis is hitting Mexico City
Mexico City has seen an influx of foreign renters, including those calling themselves digital nomads. This has led to increasing housing prices, displacement of residents, changes to the city's culture – and growing protests. How is Mexico City's fight mirroring a global crisis of gentrification?
Yahoo
4 days ago
- Business
- Yahoo
10 California Cities Where Home Prices Are Surging in 2025
Swaths of California are seeing housing prices drop, thanks largely to the combination of increased inventory and sky-high interest rates. Even markets that are typically somewhat immune to general trends and consistently robust — like Mountain View and San Diego — have softened over the past year. But there are still plenty of places in the Golden State where real estate prices are climbing. Find Out: Read Next: Consider the following 10 cities in California where home prices are surging. Most of these cities are already really expensive for housing, so even a seemingly modest increase in value can add well over $100,000 to a home's price. 10. Pasadena Average home value in June 2025: $1,216,844 Increase in value (percentage) year-over-year: 1.8% Increase in value (dollars) year-over-year: $21,516 Explore More: 9. Bakersfield Average home value in June 2025: $398,238 Increase in value (percentage) year-over-year: 2.0% Increase in value (dollars) year-over-year: $7,809 8. Torrance Average home value in June 2025: $1,184,834 Increase in value (percentage) year-over-year: 2.1% Increase in value (dollars) year-over-year: $24,370 7. Palo Alto Average home value in June 2025: $3,576,394 Increase in value (percentage) year-over-year: 2.2% Increase in value (dollars) year-over-year: $76,987 6. Visalia Average home value in June 2025: $395,417 Increase in value (percentage) year-over-year: 2.3% Increase in value (dollars) year-over-year: $8,890 5. Mission Viejo Average home value in June 2025: $1,212,384 Increase in value (percentage) year-over-year: 2.5% Increase in value (dollars) year-over-year: $29,570 4. Dana Point Average home value in June 2025: $1,690,917 Increase in value (percentage) year-over-year: 3.6% Increase in value (dollars) year-over-year: $58,758 3. Cupertino Average home value in June 2025: $3,083,634 Increase in value (percentage) year-over-year: 3.6% Increase in value (dollars) year-over-year: $111,011 2. Newport Beach Average home value in June 2025: $3,457,389 Increase in value (percentage) year-over-year: 3.6% Increase in value (dollars) year-over-year: $120,141 1. Saratoga Average home value in June 2025: $4,024,743 Increase in value (percentage) year-over-year: 4.4% Increase in value (dollars) year-over-year: $169,625 More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on 10 California Cities Where Home Prices Are Surging in 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
10 California Cities Where Home Prices Are Surging in 2025
Swaths of California are seeing housing prices drop, thanks largely to the combination of increased inventory and sky-high interest rates. Even markets that are typically somewhat immune to general trends and consistently robust — like Mountain View and San Diego — have softened over the past year. But there are still plenty of places in the Golden State where real estate prices are climbing. Find Out: Read Next: Consider the following 10 cities in California where home prices are surging. Most of these cities are already really expensive for housing, so even a seemingly modest increase in value can add well over $100,000 to a home's price. 10. Pasadena Average home value in June 2025: $1,216,844 Increase in value (percentage) year-over-year: 1.8% Increase in value (dollars) year-over-year: $21,516 Explore More: 9. Bakersfield Average home value in June 2025: $398,238 Increase in value (percentage) year-over-year: 2.0% Increase in value (dollars) year-over-year: $7,809 8. Torrance Average home value in June 2025: $1,184,834 Increase in value (percentage) year-over-year: 2.1% Increase in value (dollars) year-over-year: $24,370 7. Palo Alto Average home value in June 2025: $3,576,394 Increase in value (percentage) year-over-year: 2.2% Increase in value (dollars) year-over-year: $76,987 6. Visalia Average home value in June 2025: $395,417 Increase in value (percentage) year-over-year: 2.3% Increase in value (dollars) year-over-year: $8,890 5. Mission Viejo Average home value in June 2025: $1,212,384 Increase in value (percentage) year-over-year: 2.5% Increase in value (dollars) year-over-year: $29,570 4. Dana Point Average home value in June 2025: $1,690,917 Increase in value (percentage) year-over-year: 3.6% Increase in value (dollars) year-over-year: $58,758 3. Cupertino Average home value in June 2025: $3,083,634 Increase in value (percentage) year-over-year: 3.6% Increase in value (dollars) year-over-year: $111,011 2. Newport Beach Average home value in June 2025: $3,457,389 Increase in value (percentage) year-over-year: 3.6% Increase in value (dollars) year-over-year: $120,141 1. Saratoga Average home value in June 2025: $4,024,743 Increase in value (percentage) year-over-year: 4.4% Increase in value (dollars) year-over-year: $169,625 More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on 10 California Cities Where Home Prices Are Surging in 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
