… Marking the second month in a row that home sales fell to the lowest level for a given month in 11 years.
CoreLogic attributes this drop to a number of struggles in late 2018. First, affordability issues, stock market volatility
- 25-Thosuand new and existing houses and condos sold statewide in January 2019, the lowest sales tally for a January since 2008.
- January 2019 sales fell twenty percent from December 2018 and dropped fifteen percent from January 2018.
accordig to public records data.
- Sales typically fall sharply between December and January, and since 2000 the average change between those two months is a drop of 25 percent.
The sales slowdown in January was likely eased by the decline in mortgage rates that began in December 2018.
Show Prep Source:
https://www.corelogic.com/blog/2019/03/california-home-sales-slowest-for-a-january-in-11-years.aspx
Do you have a news tip for our Show Prep on AsktheContractors.com? Send us a comment on the home page.
