One of every three homes sold in California topped $1 million in the first month of spring Homebuyers played beat-the-higher mortgage rates and created some March madness, lifting home prices to a record of almost $850,000 – and sending a clear message that the hot housing market is far from cooling down. An adjusted annualized […]
More homes are available and they are taking a bit longer to enter escrow, but there are still plenty of home shoppers — and competition.
Higher interest rates could lower sales, but demand will continue to exceed the limited supply.
Home sales have dropped four consecutive months and the median price fell below $800,000 for the first time in seven months.
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.