Highest Mortgage Rates Since Late 2023 Put a Damper on Southern California Home Sales ...Middle East

Times of San Diego - News
Highest Mortgage Rates Since Late 2023 Put a Damper on Southern California Home Sales
A home for sale in Tierrasanta. Staff photo Mortgage rates that surged to their highest levels since late last year hampered home sales in Southern California last month, while the median home price across the state exceeded $900,000 for the second straight month to set another record high, the California Association of Realtors said Tuesday. The median home price in San Diego County was $1.02 million in May, a 2.1% decrease since the previous month’s $1.04 million, but a 9.6% increase from last year at this time. May’s sales pace in California dipped 1.1% from the revised 275,540 homes sold in April and was down 6.0% from a year ago, when a revised 289,860 homes were sold on an an

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