California home sales bounced back to the highest level in five months in July, while more listings became available. With mortgage rates reaching the lowest level since May 2023, the market should see more sales and an increase in housing supply in the second half of the year. Meanwhile, the economy is expected to slow but continues to see positive growth in Q3.

Housing Matters Podcast

CALIFORNIA ASSOCIATION OF REALTORS and the CENTER FOR CALIFORNIA REAL ESTATE

Is July The Start Of A Market Turnaround? (Episode 120)

SEP 6, 202432 MIN
Housing Matters Podcast

Is July The Start Of A Market Turnaround? (Episode 120)

SEP 6, 202432 MIN

Description

California home sales bounced back to the highest level in five months in July, while more listings became available. With mortgage rates reaching the lowest level since May 2023, the market should see more sales and an increase in housing supply in the second half of the year. Meanwhile, the economy is expected to slow but continues to see positive growth in Q3.