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TIGAR Updates
- Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900
- 26% of REALTORS® Said Lack of Inventory and Housing Affordability Prevented Clients from Buying Homes in 2023 as Existing-Home Sales Fell to Lowest Level Since 1995
- Highest mortgage rates since late 2023 dampen California home sales; California median home price sets another record-high, C.A.R. reports
- Improvement in home prices, interest rates lifts California housing affordability during first-quarter 2024, C.A.R. reports
- California REALTORS® place open letter in California newspapers to mitigate confusion about pending changes in industry business practices