California Home Sales Remain Resilient in February Despite Rising Mortgage Interest Rates, C.A.R. Reports

LOS ANGELES, March 19, 2024 -- Despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 290,020 in February, according to information collected by C.A.R. from more […]