Last Month's Home Sales in California Remain Solid, and Prices Level Off

California home sales remained solid in October as prices level off and low rates continue to provide support to the housing market, according to the California Association of REALTORS® (C.A.R.) 2022 President Otto Catrina noted: "As the housing market moves from 'frenzied' to 'less frenzied' and price growth comes back to earth, fewer homes are selling above asking price and bidding wars are less prevalent, so more buyers who pushed pause earlier this year will be able to take advantage of still-cheap financing."  Read the latest report here.