Real Quick - Jan 19, 2023
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C.A.R. just released its latest housing market update for December of 2022. And big picture, we saw sales down and prices went down as well.
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C.A.R. just released its latest housing market update for December of 2022. And big picture, we saw sales down and prices went down as well.
Home sales are still relatively low. We had our third month in a row below 250,000 units on an annualized basis.
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The Federal Reserve has been playing a big role in the housing market in the past couple of years and they were added again on February one when they had their first FOMC meeting in 2023.
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C.A.R. just released its housing affordability index for the fourth quarter of 2022. It shows that 17% of Californians can now afford the median priced home in the state.
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