Record second-quarter prices lead to big profits for sellers
Higher mortgage rates will cause price gains to slow — and possibly dip — as sales slow.
7 California cities are among the most at-risk housing markets
Higher mortgage rates are cooling off the red-hot housing market, and several California cities are among the most at risk for fewer sales and sliding prices. Three of the 10 cities most likely to experience a decline in home prices are in California – and seven of the top 20, according to Redfin. The Inland…
Home sales tumble in June with higher mortgage rates
Higher mortgage dropped sales to the lowest level since 2008, as the once red-hot market cooled down in June.
Falling prices: Almost 40% of California homes for sale had price drops in June
The Golden State boasted some of the biggest home price gains during the past two years. But higher rates could tarnish some of those equity gains.
6 of the 10 housing markets cooling off the most are in California
California’s once red-hot housing market has cooled down this summer, largely because of higher mortgage rates and lower share prices on Wall Street.
