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Why are home sales in Southern Cali declining?

Even as some Southern California homes in the high-end neighborhoods are seeing strong price gains, home sales in the Southland dropped to the lowest level for a February in six years.

Sales of single-family homes in Southern California declined in February, although home prices in the region continued to rise due to a lack of inventory, according to the California Association.

Home sales in Southern California drop to four-year low 9:51 AM ET Wed, 25 July 2018 Due to rapidly rising home prices, home sales in Southern California dropped to a four-year low this June.

At the same time, home prices barely budged, climbing by just 2 percent, a considerable slowdown from the average pace during the recovery. Sales fell all across Southern California with the steepest.

Based on signed contracts, year-over-year statewide pending home sales fell for the sixth straight month in June on a seasonally adjusted basis, with the Pending Home Sales Index declining 0.9.

Lower mortgage rates and a glut of inventory boosted the Southern California residential market in April, as home. sales numbers. “April’s smaller annual sales decrease, coupled with an.

Police said that ‘pure hate’ drove a man ‘full of anger’ to launch a deadly stabbing and robbery spree in Southern California.

The number of homes for sale has increased steadily for 8 months in Southern California, figures from Steve Thomas’ Reports On House show, rising to the highest level in at least two years.

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We often say that jobs drive real estate. Well perhaps we ought to argue that education drives real estate, especially financial literacy, since it is the bedrock of any future job that will pay wages sufficient for saving a down-payment and servicing mortgage debt on a piece of California property.

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The Southern California housing market continued its downward slide, after a fourth straight month of stalling sales. homes sold in November also dropped 11 percent compared to October, and 12.

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