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.
California home prices increased by 20% for the second consecutive month in February, despite higher mortgage rates and fewer listings.
Home prices and sales soared more than 20%, as homebuyers continued to enjoy near-record-low mortgage rates.
With fewer existing homes available on the market, more home-shoppers are looking at new-home sales in the six-county region.
New law bans rent-related evictions until July, with landlords also benefiting from $2.6 billion program.