California home sales increase in January for second straight month as prices stabilize

February 17, 2023 Mark Paul Cervantes Weely Real Estate News Comments Off on California home sales increase in January for second straight month as prices stabilize

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2023 if sales […]

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Where will US home prices drop in 2023? And where will home prices get even more expensive?

February 9, 2023 Mark Paul Cervantes Housing, Housing Bubble Comments Off on Where will US home prices drop in 2023? And where will home prices get even more expensive?

Home prices hit all-time highs in 2022, with the median price increasing by 50% from January 2020. High mortgage rates have slowed down the housing market considerably, with Redfin predicting that the median U.S. home price could […]