A bit of hope for home-shoppers who have been dealing with fast-rising prices — and fast-moving homes — during the Covid pandemic.
California home prices increased by 20% for the second consecutive month in February, despite higher mortgage rates and fewer listings.
California home sales were the best since May 2009 and prices increased by double digits for the fifth straight month.
What pandemic or recession? Home prices reach a new record, thanks to the lowest-ever mortgage rates.
As the economy reopened in June, home sales followed as the always important summer home-buying season got hot despite the ongoing uncertainty of the COVID pandemic.