Home prices and sales soared in February, but as concerns about the economy and the health risks of COVID-19 spread, the solid market will struggle in the coming months.
Home listings plunged almost 27%, the largest decline in almost seven years. Few homes on the market helped boost prices vs. a year ago.
Home prices increased at the largest pace in almost six years in December, helped by a dramatic decline in homes on the market in California.
State law allows homeowners to convert garages into granny flats with little red tape, but some cities are apparently balking at the effort.