Higher mortgage rates have made the often-asked question much easier, as monthly house payments demand a lot more money than rent in many cities in California. Find out how much by region.
The months-long standoff between buyers and sellers continued in December, but a dip in mortgage rates encouraged more buyers to test the cool waters.
California home sales plummet to the lowest level since 2008 and prices decline for the second consecutive month.
Higher mortgage rates are affecting home prices, but fewer buyers are able to afford a home as the monthly mortgage payment has increased by at least 33% in California.
Higher mortgage rates slam the door on many wanna-be buyers California’s once red-hot housing market entered a deep freeze in September, as the change in the season brought a lot more concern from home shoppers about fast-rising mortgage rates and economic uncertainty. As mortgage rates climbed to the highest level in 20 years, home sales…