California home sales plummet to the lowest level since 2008 and prices decline for the second consecutive month.
Higher mortgage dropped sales to the lowest level since 2008, as the once red-hot market cooled down in June.
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.