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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
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
San Luis Obispo Coastal Association of REALTORS® and its members are truly committed to promoting a sense of community throughout the areas in which they live and work.
