More stalled housing market challenges California homebuyers, sellers

Just since last March, 30-year fixed market rates went from 3.2 percent to today's high of 6.8 percent — more than double.

"If they're financing $500,000, $900,000 or even more than a million, that can be a dramatic payment swing of $300, $600, sometimes even more on a monthly payment," said O’Malley. Multiple bidding wars have mostly given way to one or two offers. The Federal Reserve says, since January, California's home listing have gone from about 24,000 units to 51,000: more than double.

Interest rate doubled. That’ll slow things down.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Has the housing market cooled? ‘There’s still a lot of demand’The housing market has been going strong for more than two years.
Fuente: PennLive - 🏆 463. / 53 Leer más »

Signs the housing market is turning more buyer-friendlyBidding wars are slowing as sellers realize they can't always get what they want. Friendlier for lenders The bill of the irresponsibility over these 20/30 yrs of the Soft-Left and Center-Left's Governments around the world are coming... Soon the Lefties will lay down in yr bed in baby position crying for help.... and u will remember: He warned
Fuente: ABC - 🏆 471. / 51 Leer más »