The good news, there are 1.5 million renters who can afford to buy. As another statewide home price record is shattered in the pandemic era, we hear this: “Not only do skyrocketing home prices threaten already low homeownership levels and make it harder for those who don’t already have a home to purchase one, it […]
California Home Sales Report
California’s housing market defied gravity as existing home sales and median home price registered increases on both a monthly and an annual basis in August, C.A.R. reports. Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 17th consecutive month, and totaled a seasonally adjusted annualized rate of […]