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
New-Home Sales Up for Fifth Straight Year
By Frank Nothaft Low mortgage rates, job growth, and an improving consumer optimism have all supported the recovery in home sales during the last few years. Both sales of newly
Why Falling Home Prices Could Be a Good Thing
By Conor Dougherty – Suppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to
Status of Recovery?
In this snapshot of where we are on the road towards a “normalized” housing market, Trulia chief economist Jed Kolko examines five key factors that impact the market. Bottom line
