HOME PRICES
$859,800,
up 3% vs. a year ago
HOME SALES
Down 19% from a year ago
MORTGAGE RATES
7.19% vs. 6.29% a year ago
August home sales plummet, prices soar
Affordability is a big concern for home shoppers, as they deal with near-record prices and the highest mortgage rates in more than two decades.
Housing affordability drops to lowest level in about 17 years
Higher mortgage rates and a severe shortage of homes on the market that have raised prices are greatly reducing the number of Californians able to buy a home.
Housing 101: Most teachers can’t buy a house close to their school
Despite some of the largest salaries in the nation, few teachers in California can afford to buy a home close to where they work.
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