California Housing Surges, but Road to Recovery is Still Slow

California rebounded back to pre-crisis levels of home sales as home prices set a new all-time high last month.

However, rates ticked up slightly and REALTORS® reported fewer listing appointments, fewer homes listed on the MLS, and the percentage of respondents that closed a sale last week was flat. Thus, even as we continue to move in the right direction, the path ahead remains long and the road to recovery will be slow.  

Read the report.