California home sales plunge to a 14-year low in October
California home sales plummet to the lowest level since 2008 and prices decline for the second consecutive month.
Affordability tumbles to a 15-year low and the majority of homes for sale are ‘stale’
Higher mortgage rates are affecting the number of households that can buy a home, with the Bay Area now more affordable than other regions in the state.
Home sales tumble in June with higher mortgage rates
Higher mortgage dropped sales to the lowest level since 2008, as the once red-hot market cooled down in June.
Falling prices: Almost 40% of California homes for sale had price drops in June
The Golden State boasted some of the biggest home price gains during the past two years. But higher rates could tarnish some of those equity gains.
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…
