✉news BusinessReal Estate first seen 1 d ago, last 5 h ago, peak #2
California Housing Market Remains Frozen as Rates Rise
Original: California Housing Market Still Stuck as Mortgage Rates Rise and Consumer Confidence Sinks
California's housing market remains stalled as mortgage rates climb and consumer confidence falls, according to a new report from Pasadena Now. High borrowing costs are keeping buyers on the sidelines while hesitant homeowners hold off on selling, leaving inventory and transactions near historic lows across the state.
Why now: Rising mortgage rates and weak consumer confidence are worsening California's ongoing housing affordability and inventory crisis.
Rank over time, top of the chart is #1. 15 snapshots from 1 d ago to 5 h 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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