Home sales slide as buyers compete for fewer listings, giving prices a lift in April
Homeowners are hesitant to move, idling the housing market and limiting options for home shoppers.
Homeowners are hesitant to move, idling the housing market and limiting options for home shoppers.
Home sales increased for the third straight month in February, thanks to slightly lower mortgage rates and a drop in prices.
California’s housing market continues to deal with higher mortgage rates and low inventory. But home prices and sales could rebound in the spring.
The months-long standoff between buyers and sellers continued in December, but a dip in mortgage rates encouraged more buyers to test the cool waters.
California home sales plummet to the lowest level since 2008 and prices decline for the second consecutive month.
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