California Shows Signs of Recovery in Housing Market

In a survey of California REALTORS®, the state association showed its third consecutive weekly gain in the percentage of REALTORS® who had a listing appointment (34%) and more of those appointments resulted in homes being listed on the MLS. In addition, there has been an upward trend in the percentage of REALTORS® entering escrow and closing transactions.

Mortgage rates are at all-time lows, which means that payments on a median-priced home in California is roughly $300 less than it was a year ago. That's a significant long-term savings for those who are secure in their jobs and can afford the home they want to purchase. 

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