Home sales have dropped four consecutive months and the median price fell below $800,000 for the first time in seven months.
Homes sales bounced back in September and prices remained near a record, but the gains are slowing, according to the California Association of Realtors.
The state has approved $22 billion in funding to build tens of thousands of homes — but millions are needed.
State has issued $650 million to 55,000 renters — or about 25% of the federal funds under the CARES Act. About 724,000 renters are behind on their rent.
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.