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Higher mortgage rates and low housing inventory restrain California home sales in April, C.A.R. reports
Higher mortgage rates and low housing inventory restrain California home sales in April, C.A.R. reports
IMPORTANT
CHANGES TO LICENSE RENEWAL REQUIREMENTS FROM THE DRE:
Licensees with a renewal date of January 1, 2023, or later are required to take an Implicit Bias course and an Interactive Fair Housing course as part of their 45 hours of CE. Total required 45 hours of CE remains the same. The Packages on this page include the classes mentioned above as of 10/3/22.
Home sales in California dip below pre-pandemic levels as the effects of rising interest rates begin to show even as prices set another record, C.A.R. reports
Rising interest rates and climbing home prices moderate California home sales in April as statewide median price sets another peak, C.A.R. reports
California housing affordability shrinks in first-quarter 2022 as home prices set record highs and interest rates rise, C.A.R. reports
California home sales rebound in February; median price dips, C.A.R. reports
– Existing, single-family home sales totaled 399,080 in February on a seasonally adjusted annualized rate, up 11.3 percent from January and down 5.6 percent from February 2018.
– February’s statewide median home price was $534,140, down 0.6 percent from January and up 2.2 percent from February 2018.
– Statewide active listings grew at a decelerated rate for the second straight month, increasing 19.2 percent from the previous year.
– Year-to-date sales were down 9 percent in February.
California housing market remains resilient in January despite rising interest rates, C.A.R. reports
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