• California: "California Housing Market Experiencing Shift as Home Sales Continue Descent in September"

    27 days ago - By Calculated Risk

    The CAR reported: California Housing Market Experiencing Shift as Home Sales Continue Descent in September
    The California housing market posted its largest year-over-year sales decline since March 2014 and remained below the 400,000-level sales benchmark for the second consecutive month in September, indicating that the market is slowing as many potential buyers put their homeownership plans on hold, the CALIFORNIA ASSOCIATION OF REALTORS® said today.
    Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 382,550 units...
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