A bit of optimism for home shoppers looking to buy, with more homes listed in recent months and near-record-low mortgage rates holding steady.
Prices dropped for the fourth straight month and listings are at the highest level since October.
A bit of hope for home-shoppers who have been dealing with fast-rising prices — and fast-moving homes — during the Covid pandemic.
‘We’re seeing many would-be buyers taking a break’ Estimated reading time: 3 minutes California’s red-hot housing market could be cooling off, or at least getting lukewarm. May home sales dipped 2.7% compared to April — but were up 87% from a year ago, though the figure is greatly skewed by the Covid-prompted lockdown that halted…
All seven regions posted record prices and reported at least a 38% increase in sales.
California home prices reached a record in March, as wanna-be buyers competed for fewer homes on the market and often paid more than the asking price.