American home sales fell in February 2022 to a near-record low, as shortages of houses and double-digit price growth continue to push first-time buyers out of the market. Contracts to buy resold homes, which account for the bulk of U.S. home sales, have fallen for three straight months in all four regions of the United States, according…
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Most of SoCal Housing Market Begins Normalizing
Commentary The housing market in Orange County, Calif., is finally starting to normalize. Homeowners can still expect their properties to sell in less than a month—historically very fast. But at 27 days, the average market time to sell a home in Orange County has increased 23 percent, from 22 days, in the past four weeks….