Southern California median home price jumps to $536,250 as sales fall

Southern California median home price jumps to $536,250 as sales fall

CoreLogic analyst Andrew LePage famous that would-be patrons are additionally dealing with larger mortgage charges. The common fee on a 30-year mounted mortgage was four.52% final week, up from three.96% a 12 months earlier, in accordance to Freddie Mac. In June, when accounting for the rise in mortgage funds over the 12 months, funds on a median-price home rose greater than twice as rapidly as the median price, LePage mentioned.

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