Rising interest rates and climbing home prices moderate California home sales in April as statewide median price sets another peak, C.A.R. reports

• Existing, single-family home sales totaled 419,040 in April on a seasonally adjusted annualized rate, down 1.9 percent from March and down 8.5 percent from April 2021.
• April’s statewide median home price was $884,890, up 4.2 percent from March and up 8.7 percent from April 2021.
• Year-to-date statewide home sales were down 7.4 percent in April.

California housing affordability shrinks in first-quarter 2022 as home prices set record highs and interest rates rise, C.A.R. reports

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