Long Beach

California Statewide Home Sales Down 24 Percent Annually in August

Based on new data by the California Association of Realtors, closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 313,540 in August 2022. 

California Home Sales Slide Statewide in July

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. 

Driven by Fast Rising Mortgage Rates, Home Buyers Back Off in U.S.

Based on a new report from Redfin, nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021.

Mortgage Applications Dip Again in Late May

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 27, 2022, U.S. mortgage applications decreased 2.3 percent from one week earlier.

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