✉news BusinessReal Estate first seen 12 h ago, last 31 min ago, peak #2

California Housing Market Stuck as Mortgage Rates Rise

Original: California Housing Market Still Stuck as Mortgage Rates Rise and Consumer Confidence Sinks

California's housing market remains stalled, with rising mortgage rates and sinking consumer confidence keeping both buyers and sellers on the sidelines. Elevated borrowing costs continue to price out many would-be purchasers, while homeowners holding lower-rate loans are reluctant to list, deepening the inventory shortage across the state.

Why now: Mortgage rates climbing while consumer confidence falls has renewed concern about affordability and frozen housing activity in California.

CaliforniaUS housing marketmortgage lenders

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Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 31 min ago.

Evidence

• California Housing Market Still Stuck as Mortgage Rates Rise and Consumer Confidence Sinks · Pasadena Now
• California Housing Market Still Stuck as Mortgage Rates Rise and Consumer Confidence Sinks · Pasadena Now

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