Slight Slowdown in Sales but Continued Stability in California Housing Market
Existing home sales softened in May to 423,360 units from 427,880 in April. Nevertheless, the May number was 8.9% above the figure from May 2014 and represented the second highest level in nearly two years. The 1.1% dip does not appear to be any cause for concern as the spring selling season appears to be strong and outperforming the prior year.
About author
You might also like
December Data Bodes Well for Housing
Single-family building permits, housing starts and new home sales all posted strong numbers in December in an indication that the new home housing market is headed on a sustainable upward
A New Generation of Young Home Buyers is Tiptoeing into the Market
Newly married and in their mid-20s, San Clemente residents Josh and Kayleigh Hyink were ready for the next step in their “master plan.”
L.A. City Council approves development fee to raise money for affordable housing
The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness.
