California single-family home sales continued to drop in July by 14 percent percent from June, dragging sales below the 300,000 annual benchmark for the first time since May 2020, according to the California Association of Realtors (CAR). The statewide median home price was $833,910 in July, which was 3.5 percent below June but 2.8 percent…
SoCal Home Sale in May: Worst Slowdown Since 2020 Amid Rising Interest Rates
June 21, 2022
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Real estate experts are saying a slowdown in Southern California home sales—by double-digits for the first time in two years—are the result of recent hikes in interest rates for home loans, indicating a cooling in the market. Sales dropped by 14.3 percent while the median home price increased by 11.9 percent in May, compared with…
SoCal Home Sale in May: Lowest Since 2020 Amid Rising Interest Rates
Southern California’s home sales fell by double-digits for the first time in two years as mortgage interest rates continue to rise, according to the latest data released by the California Association of Realtors (C.A.R.). Home sales in Southern California dropped by 14.3 percent while the median home price increased by 11.9 percent in May, compared…
Five Low-Cost Ways to Add Value When Selling a Home
Dear Monty: We are considering a lifestyle change that involves selling our home. There is advice everywhere on the best steps one can take to fix it up, increase the value, sell it quickly with no hassle and much more. The advice is often conflicting and makes no sense to us in some cases. For…
Agent and Lender Fraud?
Dear Monty: We are suspicious of our home sale. We found out our agent (No. 2) and the buyer were friends at the closing. The lender also had close ties to the buyer. Our home was listed with agent No. 1 for seven months with no results. We switched agents and received an offer from…
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