According to the California Association of Realtors, housing demand in California cooled further in July 2022, as the effects of rising interest rates and high home prices hit would-be homebuyers, dragging home sales below the annualized 300,000 benchmark level for the first time since May 2020.
According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022.
According to the California Association of Realtors, California home sales retreated in April 2022 as rising interest rates and higher home prices depressed housing demand even as the statewide median home price set another record for the second straight month, primarily due to strong sales at the top end of the market.
Housing demand in California remained strong in March 2022 as the effects of rising interest rates have yet to be borne out while the statewide median home price sets another record high, primarily due to a surge in sales of higher-priced homes.
According to national property broker Redfin, demand for vacation homes in the U.S. has dropped sharply for the second month in a row in March 2022, with mortgage-rate locks for second homes at their lowest level since May 2020.
Posted on March 23, 2022
Posted on March 12, 2021