California homes sales drop
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California’s housing market logged its slowest June home sales in four years and the sharpest year-over-year decline in transactions – almost 10 percent – in nearly two years as the median price paid for a home statewide hit a record high.
Andrew LePage, research analyst with CoreLogic, said the year-over- year drop in Southern California home sales in September was the largest for any month in almost eight years, thanks to increasing.
· Rising mortgage rates and economic uncertainty contributed to an already slowing housing market in December, causing Southern California home sales to tumble 20.3 percent from a year ago, new data show. That’s the biggest year-over-year sales drop in eight years, real estate data firm corelogic reported wednesday, Jan. 30. With one-fifth fewer homes changing hands, [.]
Home Sales Decline in California Housing: The drop in mortgage rates fails to spur sales in the state, but sales of existing homes across the country edge up in .
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The Southern California median home. sales data corelogic released friday reflect deals that closed in March, meaning many buyers would’ve entered escrow in February and late January – a slower.
· California’s Home Prices and Rents Higher Than Just About Anywhere Else. Housing in California has long been more expensive than most of the rest of the country. Beginning in about 1970, however, the gap between California’s home prices and those in the rest country started to widen.
· California home sales started off 2019 with a whimper, 6% lower year-to-date as of May. This continues a consistent decline in year-over-year sales volume that began in mid-2018. sales volume ended 2018 4.3% below 2017, amounting to 19,900 fewer sales. In contrast, 2017 home sales volume ended the year with just 3,800 more sales than in 2016.
The Southern California median home. sales data CoreLogic released Friday reflect deals that closed in March, meaning many buyers would’ve entered escrow in February and late January – a slower.