March madness: Home prices surge to a record, sales slow with higher rates

March madness: Home prices surge to a record, sales slow with higher rates

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…